Recently, CareerViet, a member of Kariera Group – a leading HR company with over 25 years of experience in the European market, organized the “Holistic Excellence” event and the “Employer of Choice 2023” awards ceremony – honoring the most favorite employers of the past year.
At the event, CareerViet announced the in-depth analysis report “Employer of Choice 2023 – Favorite Employers 2023” conducted by CareerViet with the methodological support of prestigious partner, Amco Vietnam Market Research Company.
The online survey to vote for the most favorite employers was launched on November 28, 2023 and ended on January 9, 2024. The survey attracted more than 62,000 interests from all provinces and received over 39,000 respondents nationwide, from different ages and professions. The report analyzed two main perspectives: talent retention and talent attraction.
The media, advertising, and education industries have a relatively high level of job dissatisfaction
In terms of talent retention, Ms. Tran Lien Phuong, Research Director of Amco Vietnam, pointed out the profile of dissatisfied employees and their difficulty in connecting with businesses.
She said: “In the past 3 years, job satisfaction has been decreasing, with a satisfaction rating of only 3.9/5 in 2023. Perhaps during difficult times like the Covid-19 pandemic, employees and people seem to be more connected and satisfied. After years of difficult economic conditions, even more difficult than the Covid-19 period, the job satisfaction of employees decreased significantly. Among them, the impact of income, advancement opportunities, and reward evaluation policies are the top 3 reasons for employee dissatisfaction.”
In addition, the development of AI and the application of AI technology in various fields have had a significant impact, such as the media, advertising, or education industries.
The report also reveals the interesting points about the received and desired welfare benefits. For example, Private Health Insurance 24/7 is the second-wanted benefit that employees want to receive, while it ranks sixth in received benefits. She suggested that if businesses can prioritize and reorder their benefits, it could be a differentiating point to retain talents.
Income levels and salary policies remain the main concerns when looking for a job
In the general difficult context of the market, human factors are always the key to improving businesses’ competitiveness. Therefore, award-winning businesses are those that focus not only on business aspects but also on developing attractive Employer Brands, attracting a lot of attention and votes not only from internal personnel but especially from attracting labor and potential candidates in the market for the Employer Brand of the business.
According to the report, the factors that job seekers prioritize when looking for a new job are income levels, salary policies, and bonuses (71%); jobs that match their interests and passions (55%); opportunities to improve professional skills (53%); jobs that ensure stability and safety (51%); and work-life balance (48%).
Another notable information is that respondents revealed the reasons for deciding to stop applying for a job which often include receiving offers with better salaries and benefits (52%), having a poor interview experience (47%), waiting for a response for too long (41%), information exchanged in the interview session different from what was posted (40%)…
According to the results announced by CareerViet, Techcombank has been excellently ranked as the Top 1 Most Favorite Employer for 3 consecutive years. This year, Techcombank is honored as the Most Favorite Employer 2023 for the entire industry, Top 1 in the Finance – Banking – Securities industry, and Top 3 in the most impressive Application Experience.
Leading the group of companies is Flamingo Corporation. Along with that, the organizers also honored categories such as Most Favorite Employers by industry, most impressive Application Experience employers, and most favorite employers by internal employees…
At the event, Mr. Premlesh Machama – Chairman of Asia Pacific Kariera Group reaffirmed that as a multinational corporation with over 25 years of experience in the European market, focusing on technology development and providing advanced HR management solutions, optimized for each country, when investing in CareerViet, Kariera Group commits to bringing standardized and more specialized HR solutions to the Vietnamese market, thereby bringing more value to businesses in Vietnam in the future.
Specifically, in terms of technology, Kariera Group will support CareerViet in bringing the international Talent Solution to the Vietnamese market with many improvements in user experience and highly customizable system, especially by applying AI technology to optimize resume parsing for both Vietnamese and English.
CareerViet has the advantage of possessing large and diverse data to successfully train this model. The application of machine learning in this international version, for both English and Vietnamese, is seamlessly integrated into the application tracking system – ATS, helping extract data from resumes within about 0.1 seconds/resume, enabling experienced recruiters to focus on screening, evaluating, and high-level specialized tasks thanks to structured and standardized data in the system.
This technology has also begun to be applied on the CareerViet website itself, helping candidates apply quickly, just by uploading their existing resumes, AI will read the data, standardize the resumes, and significantly shorten the application process. In addition, it also provides more accurate job suggestions.
