Human Resources Practices in Vietnam

transcript

HR for Start-UpsEffective Human Resource Practices

in Vietnam

William ChinSenior Manager, Staffing

Qualcomm, Asia

Agenda

• Current State of Human Resources

• Towards a More Effective Approach

• Practical Applications

2William Chin - Vietnam HR Practices

The State of Human Resources

Vietnam’s war for talent has begun.

The growing economy and continuing high

levels of foreign investment mean that more and

more employers are looking for talented

individuals to help their business grow.VietNamNet

July 2008

Local executives lack leadership: conferenceVietnamese chief executive officers (CEOs) still lack many qualities required to be good leaders, a company official told a recent conference held by the Masso Group in Ho Chi Minh City.

Thanh Nien,July 2008

Skills shortage biting the

bottom line: conference

The economic development of Vietnam’s

two biggest cities, Hanoi and Ho Chi Minh

City, is being held back by a shortage of

skilled workersThanh Nien,

April 2008

Booming sectors, looming human resource shortage

Some hot sectors like finance, banking and hi-tech are facing a human resource shortage.

Thanh Nien,April 2008

William Chin - Vietnam HR Practices3

Talent Availability

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Present Day HR Practices

• Scramble for Talent

• Outbid the Competitor

• Poor Talent Management

Toward a More Effective Approach

3 Broad Principles

A Winning Platform

Employee Employer

Personal Success Business Success

Join Top Companies Seeking Top Talent

Mentors andCoaches

Training and Development

7William Chin - Vietnam HR Practices =

Hire for Talent

•Seniority•Management•Leadership•Strategic

•Passion•Motivation•Creativity•Scale

Leadership Involvement

• Leadership visibility and hands-on involvement

• Running the business is HR

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Strategic Framework

• A win-win proposition for both employee and employer

• 80/20 rule - hiring for talent

• Don’t be an absentee parent - leadership involvement required

Practical Applications

Recruiting for Talent

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Recruitment Channels

Business Networking

Overseas Diaspora

Vietnam’s Own Backyard

Innovative Approaches

Internship Programs

Values and Culture

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Talent Acquisition and Development

• Common and innovative sourcing channels

• Opportunities to hand-pick staff

• Development by focusing on the soft-skills

• Bring organization culture to life

Day to Day Issues

Typical Topics...

English Proficiency

CareerDevelopment

Start-up HR

Understand labor laws and labor unions

Have well documented HR policies

Stay well within ethics and integrity practices

Communicate, communicate,

and communicateone more time

http://asiarecruitingtidbits.blogspot.com

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