JOBSEEKER SALARY REPORT IN VIETNAM IN 2019 · 2019-03-18 · Overview 1 Jobseeker Salary Report In...

JOBSEEKER SALARY REPORT IN VIETNAM

IN 2019

TABLE OF CONTENTSOverviewMethodologyHow to read this report?The importance of salary in attracting and retaining talent Jobseekers’ salary range by industryJobseekers’ salary range by top locations nationwide

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Page 10Page 18

1Overview

Jobseeker Salary Report In Vietnam In 2019 is VietnamWorks’ annual report about the importance of salary and the common salary range in Vietnamese current labor market.

This report helps employers to figure out the answer for this question: “How does the salary you offer for your job vacancy compare to the market salary benchmark?”

This report is conducted by VietnamWorks – the leading online recruitment company in Vietnam. All the statistics shown in this report are resulted from thorough analysis of findings collected in surveys with jobseekers in Vietnam as well as the job posts on VietnamWorks.com. This report, thus, reflects the online recruitment market situation in Vietnam from VietnamWorks’ point of view.

OVERVIEWWHAT IS “JOBSEEKER SALARY REPORTIN VIETNAM IN 2019”?

2Methodology

VietnamWorks’ Jobseeker Salary Report In Vietnam In 2019 is conducted by quantitative methods based on the analysis from the answers of nearly 5500 jobseekers to our survey in January 2019. This survey was sent to entire VietnamWorks’ database of jobseekers, regardless industries and job levels. They are either VietnamWorks’ users or not. Personal information of participants is non-disclosure.

There is another data resource used in this report is the salary figure from job posts on VietnamWorks.com from 01/01/2018 to 31/12/2018. Most of job posts were aim to recruit local labor in Vietnam. We respect employers’ discretion, and all the data included in this report, while comprehensive, does not reveal any specific employer’s posted salary.

All the salary data used in this report is monthly gross salary. The unit of currency is VND.

This report do not show the C-levels’ salary because these data is not big enough to make meaningful conclusions.

METHODOLOGY

METHODOLOGY

5500 JOBSEEKERS JOINING THE SURVEY

49%

Experienced level

Manager level and above

Entry level

JOB LEVELS

40%

49%

11%

GENDER

Male

Female

54%

46%

(*) The median number is a statistical term representing one way of finding the average of a set of ‘n’ data points by taking the value of the middle number of a group of numbers arranging in ascending distribution. For example, if there are 5 jobseekers who earn respectively 10, 10, 15, 25 and 40 million VND per month, the median number is 15 million VND (the central point).

The Median Salary is a better representative than the average salary because it eliminates the effect of extremely high or extremely low salary data in the market.

This survey used Popular Salary Range and Median Salary to reflect the distribution of the salary data by job level (follow the illustration bellows). Particularly:

Median Salary is calculated by identifying the median number(*) of the salary figures in each job level

Popular Salary Range is limited within two points: 25% and 75%. The point 50% is actually the median number. It means that popular salary range shows the distribution of 50% salary data around the median point, and reflects the current popular salary benchmark.

HOW TO READ THIS REPORT?

A to C is the Popular Salary Ranget

B is the Median Salary

The distribution range of all the salary data in

a job level

75% of jobseekers receiving salary higher than salary in point A

(or 25% of jobseekers receiving the lowest salary in the market)

75% of jobseekers receiving salary lower than salary in

point C (or 25% of jobseekers receiving the highest salary

in the market)

A B C

0% 25% 50% 75% 100%

3How to read this report?

Example: The following is the distribution of the salary data which shows the Popular Salary Range and the Median Salary of Experienced Staffs in Marketing industry.

HOW TO READ THIS REPORT?

8 million VND

Point 50% Point 75%Point 25%

10 million VND 15 million VND

Median Salary

Popular Salary Range

Situation 1: If your company offers a salary under 8 million VND (which is below the Popular Salary Range), this offer is not ideal, because there are 75% of jobseekers with the same job level in the market earning higher salary than your offer.

Situation 2: If your company offers a salary from 8 million to 15 million VND (within the Popular Salary Range), this offer will be consistent with the general benchmark in the labor market.

Situation 3: If your company offers a salary over 15 million VND (which is above the Popular Salary Range) so this offer is highly competitive, because there are 75% of jobseekers with the same job level in the market earning lower salary than your offer.

4How to read this report?

5The importance of salary in attracting and retaining talent

THE IMPORTANCE OF SALARY IN ATTRACTINGAND RETAINING TALENT


Most of jobseekers in every level expect to see salary information when looking or applying for a new job.

However, only around 1/3 of the posts show adequate salary information. And around 2/3 of the remaining job posts probably provide adequate information about salary in the next rounds of the application process.

Usually Not usually

17.9%82.1%

10.8%89.2%

6.6%93.4%

6.3%93.7%Entry level

Experienced staff

Manager

Director and above

Entry level

Experienced staff

Manager

Director and above

THE PERCENTAGE OF JOBSEEKERS USUALLY SEARCHING FOR SALARY BEFORE MAKING APPLYING DECISION

THE PERCENTAGE OF JOB POSTS SHOWING ADEQUATE SALARY INFORMATION

Yes No

64.9%35.1%

66.3%33.7%

67.4%32.6%

69.4%30.6%


Although most jobseekers still apply for jobs even when they can not find the salary information in the job posts, employers will lost approximately 1/3 of the potential applications because of hiding the job salary.

THE PERCENTAGE OF JOBSEEKERS WHO CONTINUE TO APPLY WHEN SALARY IS HIDDEN IN JOB POSTINGS

Yes No

31.4%68.6%

30.0%70.0%

29.6%70.4%

29.8%70.2%Entry level

Experienced staff

Manager

Director and above


Salary is one of the most important factors contributing in employers’ effort to retain talent. Particularly, if the salary does not meet the expectation, 80% jobseekers might have some certain responses, and even 26% of them decide to change their jobs. However, our survey shows that nearly 50% jobseekers have not received their salary raised in the past 6 months.

46.3%

20.4%

25.5%

3.2%1.9%1.7%

1.0%

JOBSEEKERS’ SPECIFIC RESPONSES IN CASE THAT THEIR CURRENT COMPANY WILL NOT RAISE THEIR SALARY IN THE NEXT 6 MONTH

Directly asking for a raise

Review the business situation and the salary range of market to ask for a raise

Review the current career path opportunity to ask for a raise

Wait for next 3 - 6 months

Work harder or find some part-time jobs

Quit and find a new job with higher salary

Not response

32.8%

20.3%10.2%

21.4%

15.2% THE NEAREST TIME AN EMPLOYEE RECEIVES A SALARY RAISE

About 3 months ago

About 6 months ago

About 9 months ago

About 12 months ago

Over 12 months ago


Employers can boost applications by showing adequate salary information, because a majority of jobseekers are interested in this type of information.

Besides, doing research and referring to the current market salary range suitable with your employees’ ability and working experience to make timely salary increases also play a fundamental role in retaining talent.

SALARY IS ONE OF THE MOST IMPORTANT TOOLS IN ATTRACTING AND RETAINING TALENT.

10Jobseekers’ salary range by industry

JOBSEEKERS’ SALARYRANGE BY INDUSTRY


SALES

Entry level

Experienced staff

Manager

Leader / Supervisor

INFORMATION TECHNOLOGY

(View the definition of the Popular Salary Range and the Median Salary in page 3 – 4)

20,000,000

15,000,000

9,500,000

6,000,000

45,000,000

27,500,000

20,000,000

9,000,000

30,000,000

20,000,000

15,600,000

7,500,000


Job LevelPoint 25% Point 75%

Median Salary(point 50%)

Entry level

Experienced staff

Manager

Leader / Supervisor

15,000,000

10,000,000

6,000,000

4,000,000

30,000,000

19,000,000

13,000,000

7,000,000

25,000,000

14,000,000

8,000,000

5,000,000








Entry level

Experienced staff

Manager

Leader / Supervisor

Entry level

Experienced staff

Manager

Leader / Supervisor

ADMINISTRATIVE/CLERICAL

ACCOUNTING

15,000,000

12,000,000

7,000,000

5,000,000

28,000,000

20,000,000

10,000,000

7,000,000

20,000,000

15,000,000

8,500,000

6,000,000


12,000,000

11,000,000

7,000,000

5,000,000

20,000,000

16,500,000

12,000,000

7,800,000

15,000,000

14,000,000

8,000,000

6,500,000








Entry level

Experienced staff

Manager

Leader / Supervisor

FINANCE/INVESTMENT

25,000,000

12,500,000

7,175,000

5,000,000

70,000,000

24,500,000

15,750,000

8,000,000

35,000,000

16,000,000

11,250,000

6,000,000




Entry level

Experienced staff

Manager

Leader / Supervisor

BANKING

18,000,000

15,800,000

8,000,000

5,000,000

50,000,000

24,000,000

13,000,000

7,750,000

30,000,000

19,000,000

10,000,000

6,500,000


Jobseekers’ salary range by industry 14




Entry level

Experienced staff

Manager

Leader / Supervisor

MARKETING

20,500,000

12,050,000

8,000,000

5,000,000

34,500,000

19,500,000

15,000,000

8,000,000

27,000,000

16,000,000

10,000,000

5,750,000




Entry level

Experienced staff

Manager

Leader / Supervisor

CUSTOMER SERVICE


14,750,000

8,000,000

6,000,000

5,000,000

27,500,000

15,500,000

12,000,000

7,500,000

20,000,000

9,800,000

8,000,000

7,000,000





Entry level

Experienced staff

Manager

Leader / Supervisor

HUMAN RESOURCE

18,000,000

11,500,000

7,000,000

6,000,000

34,750,000

20,000,000

11,000,000

7,500,000

25,000,000

16,000,000

8,833,700

7,000,000




Entry level

Experienced staff

Manager

Leader / Supervisor

EDUCATION/TRAINING

11,000,000

10,500,000

6,000,000

4,500,000

34,000,000

15,000,000

12,000,000

8,000,000

20,000,000

13,000,000

8,000,000

6,000,000






Entry level

Experienced staff

Manager

Leader / Supervisor

CIVIL/CONSTRUCTION

18,000,000

15,000,000

10,000,000

5,750,000

35,000,000

23,000,000

15,000,000

10,000,000

25,000,000

18,000,000

12,000,000

7,500,000




Entry level

Experienced staff

Manager

Leader / Supervisor

PRODUCTION/PROCESS

15,250,000

9,375,000

7,000,000

5,095,000

30,000,000

18,981,250

14,000,000

7,900,000

22,000,000

15,000,000

10,000,000

6,750,000



Entry level

Experienced staff

Manager

Leader / Supervisor







Entry level

Experienced staff

Manager

Leader / Supervisor

ELECTRICAL/ELECTRONICS

15,000,000

11,500,000

8,000,000

5,700,000

30,000,000

22,150,000

13,625,000

8,525,000

20,500,000

16,000,000

9,000,000

6,900,000

MECHANICAL

15,000,000

10,000,000

7,000,000

6,000,000

25,000,000

16,500,000

12,000,000

8,000,000

20,000,000

12,000,000

9,000,000

7,000,000


Jobseekers’ salary range by top locations nationwide 18

JOBSEEKERS’ SALARYRANGE BY LOCATIONS NATIONWIDE





Entry level

Experienced staff

Manager

Leader / Supervisor

HA NOI

16,000,000

12,000,000

7,000,000

4,500,000

30,000,000

21,000,000

14,100,000

7,500,000

22,000,000

16,000,000

10,000,000

6,000,000






Entry level

Experienced staff

Manager

Leader / Supervisor

HO CHI MINH CITY

18,000,000

12,000,000

8,000,000

5,500,000

36,500,000

24,000,000

15,000,000

8,000,000

25,000,000

15,750,000

10,000,000

7,000,000






Entry level

Experienced staff

Manager

Leader / Supervisor

DA NANG

13,250,000

6,875,000

6,000,000

4,000,000

25,000,000

15,200,000

9,375,000

9,250,000

19,000,000

10,000,000

7,000,000

5,000,000


With over 6.8 million monthly visits, VietnamWorks is the leading and longest running job website in Vietnam. Every year, 5.5 million job applications are delivered to more than 126 thousand job openings on VietnamWorks.com. Since it was founded in 2002, VietnamWorks has continuously brought fresh jobs to 3.8 million registered professionals and always pioneered in providing the best recruitment solutions to more than 16,000 companies, most of which are multinational corporations and top companies in Vietnam. VietnamWorks’ large database of experienced jobseekers and reliable employers is an invaluable asset in Vietnam’s competitive recruitment market.

VIETNAMWORKS

To stay up to date on the latest researches and insights from VietnamWorks, subscribe our HR Insider page at: hrinsider.vietnamworks.com.

To get consulted by our VietnamWorks staff on your recruitment campaign, please contact us via our hotline(028) 3925 8456 (Ho Chi Minh City),(024) 3944 0568 (HaNoi)và (023) 6351 9119 (Da Nang)or via our email: [email protected]

JOBSEEKER SALARY REPORT IN VIETNAM IN 2019 · 2019-03-18 · Overview 1 Jobseeker Salary Report In...

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