The COVID-19 pandemic is seen as "one of a series of waves" that pose challenges to the sustainability of economies. Businesses in various industries have been affected by the worldwide pandemic's far-reaching effects, and their employees have been directly affected. Understanding the present labor market circumstances, VietnamWorks and Navigos Search quickly produced Talent Guide 2022
with a range of data to assist companies and job seekers affected by COVID-19.
Talent Guide 2022 by Navigos Group provides an overview of the salaries of industries in 2021 as well as employ - ees' expectations about bonuses and benefits in 2022. We hope to help customers develop recruitment strategies and support candidates to grasp recruitment trends to have the best preparation on their career path.
OVERVIEW OF WAGE, BONUS AND WELFARE REGIME OF EMPLOYEES IN 2021
In 2021, the highest average bonus that employees receive is 1 month's salary, accounting for 40.5%. Up to 12.85% of employees receive bonuses of less than 1 month's salary, which proves the heavy impact of the Covid-19 pandemic on businesses.
Nearly 33% of the respondents are satisfied and highly satisfied with the current company's welfare regime. 46% are neither satisfied nor dissatisfied, more than 20% are not satisfied with the company's welfare regime.
When queried about the factors that keep employees working at the current company, the majority of survey respondents shared that: The working environment / colleagues and job stability are the primary factors, accounting for around 13%.
When looking for a new job, more than 17% of respondents said salary is the most important factor for them.
THE IMPACT OF THE COVID-19 PANDEMIC ON THE SALARY, BONUS AND WELFARE REGIME OF EMPLOYEES IN 2021
More than 87% of the workforce has been affected by the Covid-19 pandemic, the number of unemployed people is rapidly increasing, jobs are scarce, and monthly income is decreasing, all of which have a direct impact on employees' everyday lives.
Up to 41.5% of employees said they had resigned and were unable to find new positions. Furthermore, the number of employees who have been with the company for a long time still stands for a sizable proportion (about 47%).
According to statistics from the salary survey 2021, up to 61.11% of respondents said that the Covid-19 outbreak did not affect their salary, which is a very encouraging indicator.
EXPECTATIONS OF EMPLOYEES IN 2022
Expectation on the promotion policy of the company
When asked about the company's promotion policy in 2022, the majority of survey respondents (more than 42.21%) were unable to provide an answer because this is an objective factor.
Moreover, roughly 38% of survey respondents are hopeful about the company's promotion policy in the coming year. This proves that workers are expecting the economic recovery of businesses in 2022 is very feasible.
Job Intention of workers in the next 3-6 months
According to survey data on employ- ees' intentions toward job change, up to 42.45 % answered that if a better opportunity became available, they would switch to a new job.
15.32% said they were still trying to find work. 2.16% of those surveyed reported finding new work. Furthermore, 22.98% claim they have no plans to change occupations in the near future.