5 industries are recruiting a lot of staff with "market-leading" salaries

According to research by Anphabe (a consulting unit on Employer Branding and Happy Workplace solutions), Vietnam is not outside the world trend when the "tsunami of layoffs" quickly hit and strongly impacted many businesses.

Among them, businesses in the fields of information technology, software, e-commerce, real estate, insurance... are most affected.

From September 2022 to May 2023, an average of 3 out of 10 businesses will be forced to cut human resources of varying sizes to reduce costs.

5 ngành đang tuyển nhiều nhân sự với mức lương dẫn đầu thị trường - 1

To date, about 13% of employees in Vietnam have been directly affected by layoffs, concentrated more at the employee level and especially those still in the probationary period.

According to the survey, in May, for the group of personnel from management level and above, in addition to 33% of businesses that have made cuts, 13% of businesses will continue to cut in the coming time; 34% decided to keep the same and only 20% have plans to increase human resources.

Notably, for the group of companies that decide to keep or will cut staff, the measure of "no replacement" for employees who voluntarily leave is becoming popular.

Businesses have cut staff to maintain operations due to business difficulties, not enough money to pay salaries or not enough work for employees...

However, the current situation shows that the trend of reducing human resources in businesses is shifting in a more positive direction.

"In an effort to cut staff, businesses can immediately save maximum costs. However, later, they may pay the price for greater losses in productivity and employee trust," Anphabe commented.

Therefore, downsizing must be done carefully and soberly. It should not affect the long-term development of the business just because of short-term vision.

Another consequence of the market when the storm of layoffs swept through is that the working environment became extremely stressful. Up to 31% of Vietnamese workers are under constant pressure.

Notably, the rate of stressed employees in the group that was cut was about 29%, higher than the rate of 23% in the group of employees at businesses that did not cut staff, but still significantly lower than the figure of 43% in the group that "survived" after the cut.

The survey also identified five main groups of factors that lead to stress for employees: Workload; nature of work; connection; compensation, recognition and career instability.

In the first 6 months of the year, although many businesses had to cut staff, the Vietnamese labor market was still very vibrant and there were many opportunities.

5 ngành đang tuyển nhiều nhân sự với mức lương dẫn đầu thị trường - 2 — Recruitment needs of industries.

Specifically, for every 10 people who were laid off, 7 found new jobs. Of these 7, only 1 accepted a lower salary, 3 kept their salary, and 3 even found new jobs with higher salaries.

Successful hiring was concentrated in the fields of sales, finance... with an average salary increase of 8.7%. This shows that being fired is sometimes an opportunity for many people to have a better step forward in their career.

For the group that has not found a job, 2/3 of them are expanding their search for opportunities in other fields. Therefore, cutting staff in this industry also means providing additional human resources for other industries, in which 5 industries are tending to increase staff: insurance, banking, education, information technology, healthcare...

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