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Thursday, December 12, 2024

Many firms in Vietnam plan salary increases in 2025: survey

The Saigon Times

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HCMC – A recent salary survey by Robert Walters found that 82% of the 84 companies surveyed in Vietnam plan to raise salaries in 2025, highlighting a strategic shift among employers to attract and retain top talent in a competitive market.

In addition to salary hikes, many companies are enhancing their talent attraction strategies. According to the survey, 76% of organizations are investing in competitive bonus schemes, while 67% are focusing on robust training and development programs.

However, retaining talent remains a significant challenge. High competition for skilled professionals and difficulty offering competitive pay and benefits were cited as major hurdles by 59% of employers surveyed.

For employees, salary and benefits continue to be key drivers of satisfaction. The survey found that 46% of employees prioritize competitive compensation packages, and 77% consider bonus schemes critical to their job satisfaction.

Workplace culture also plays a vital role in retaining talent. The survey revealed that inspiring colleagues and a supportive working environment are essential motivators for half of the workforce.

Additionally, employees increasingly value opportunities for personal and professional growth. Programs such as employee training, flexible working hours, and extended health insurance are now seen as integral to an attractive employment package.

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