Firms confident in talent retention
While many enterprises have expressed concern that their talented employees will go after the ASEAN Economic Community (AEC) comes into being late this year, firms in certain sectors are optimistic that they will be able to retain their key staff.
Ly Ngoc Minh, general director of Minh Long I Co. Ltd, a well-known local producer of ceramic products, told at a recent workshop in HCMC that he believed his talented employees will not job-hop after the AEC comes into existence as the company belongs to a particular sector.
He said the employees of Minh Long have been loyal to the company since its establishment. As they have expertise in ceramic production but little knowledge in other sectors, they would find it hard to find jobs in other industries.
Minh was confident that his company would be able to retain talent by offering high salaries. He said if they left Minh Long, they might become unemployed or land a new job with lower wages and benefits.
Similar to Minh Long, Phu Nhuan Jewelry Company (PNJ) said the AEC would not place much impact on the workforce of PNJ.
Nguyen Thi Ngoc Minh, director of human resources (HR) at PNJ, said that to retain talent PNJ found and supported people when they were university students or craftsmen, so they often devote themselves to the company.
She said talented employees would not job-hop but might go to foreign countries as some are keen to learn new things and face new challenges.
Tran Hung Huy, chairman of Asia Commercial Bank (ACB), said many employees have been working for the bank since they graduated from university but admitted that some want to get new experiences at other enterprises. So, talent retention is not all about the employer’s salary and bonus policy.
Huy said if senior employees leave and come back, they would have more good lessons to share with ACB.
Pham Phu Ngoc Trai, CEO of Global Integration Business Consultants, asked if firms would benefit when their job-hopping rate was 0%, and then asserted this would not be good as the motivation of their employees for the development of businesses were not strong.
Trai said many people worked for multinationals but later left for State agencies or their own businesses as they wanted to create more value and contribute more to society.