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Strong growth in labour demand and supply in Q1

Recruitment demand for mid- and senior-level staff rose by 73 percent in the first quarter compared to the same period last year, according to a report from Navigos Search.
Strong growth in labour demand and supply in Q1 ảnh 1More than 2,600 IT professionals and 50 high-tech companies took part in Tech Expo 2016. (Photo hrinsider.vietnamworks.com)
HCM City (VNA) - Recruitment demand for mid- and senior-level staff rose by 73 percentin the first quarter compared to the same period last year, according to areport from Navigos Search, an executive search service in Vietnam.

The topfive fields looking to fill more executive jobs are manufacturing, IT, consumergoods and retail, banking and finance, and business services.
 
For thefirst time, the business service industry appeared in the top five forexecutive positions, with the highest demand in financial advisory, managementadvisory, promotion, advertising, and education.

In themanufacturing industry, industrial construction and civil constructioncategories occupied the largest portions, followed by electricity andelectronics.

The highest demand in the consumer goods industrywas from F&B (food and beverages) and fashion and cosmetics.

The recruitment demand for IT developers andengineers skilled in embedded software increased significantly. At manycompanies, demand doubled compared to last year.

However,the supply of qualified and experienced developers and IT engineers in Vietnam stilldid not meet demand.

Manycompanies had to change their recruitment process because of demand foremployees who have full working proficiency in English.

Previously,companies put technical skills as a priority, but they now test English abilityfirst to eliminate candidates and then provide further technical training forthose who pass the English test.

Theonline recruitment website Vietnamworks said in its latest report that bothrecruitment demand and labour supply jumped in the first quarter of the year.

Recruitment demand in the first quarter climbed 23percent year-on-year, while labour supply rose 38 per cent year-on-year.

In thefirst quarter, the top five industries with the highest growth in recruitmentdemand were electricity/electronics with an increase of 67 percent; executiveofficers and managers with 104 percent; construction with 46 percent; PR andadvertising with 35 percent; and customer services with 51 percent.

As forlabour supply, the highest number of job applications belonged to education,electricity/electronics, executive officers and managers, architecture/interiordesign and customer services.

During the period, the IT industry led recruitmentdemand, followed by administrative/secretarial, accountants, customer services,PR/advertising, manufacturing, architecture/interior design, construction,marketing and sales.

HCM City and Hanoi were the two hottest locations for recruitment demandin the country, with Binh Duong province, Da Nang and Bac Ninh provincerounding out the top five.

The administrative/secretarial industry had the highest competition rate with1/66, meaning that one candidate has to compete with 66 others for a job.

The second position belonged to accountants with a1/61 ratio. The remaining top five were import/export (1/56 rate),manufacturing (1/51) and health service/biotechnology (1/47).

Information in the report was based on data setscollected from posted jobs and job applications on www.vietnamworks.com.-VNA
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