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Hiring Spree: Businesses Ramp Up Recruitment in the Final Quarter

17 October, 2024

As the economy rebounds, the job market maintains its growth trajectory, with many businesses ramping up hiring efforts towards the end of the year.

ABUNDANT JOB OPPORTUNITIES WITH DIVERSIFIED SALARY RANGES

Ms. Đặng Hồng Liên, Head of Human Resources at PouYuen Vietnam Co. Ltd. (Bình Tân District, Ho Chi Minh City), shared that during the COVID-19 pandemic, the company faced challenges and had to terminate contracts with some workers. However, with the economy’s recovery, the company has secured new orders and now aims to hire 2,000 workers, of which only half have been recruited so far.

To meet this target, the company is relying on referrals from its current employees and local communities. Viettel Hanoi Branch (under the Military-Telecom Industry Group) is also seeking to fill more than 200 positions across four roles: business, customer care, telesales, and telecom bill collection. Salaries vary depending on the position, ranging from 7 million to 18 million VND per month.

Hanoi Railway One-Member Co. Ltd. is looking to hire over 300 people for positions including department heads, deputy heads, team leaders, and team members. The salary ranges from 7 million to 13 million VND per month, plus bonuses and other benefits.

To secure the necessary workforce for their operations, businesses have been compelled to diversify their recruitment channels, including participating in job fairs.

In Hanoi, recent job fairs have seen an average of 3,000 vacancies offered by companies across a wide range of industries and fields. Mr. Vũ Quang Thành, Deputy Director of the Hanoi Center for Employment Services, observed that there are abundant job opportunities with attractive positions available for workers of various educational levels, from elementary and vocational certificate holders to college and university graduates.

Regarding salaries, most positions offer wages ranging from 7 million to 15 million VND, with some roles in the higher-education segment commanding salaries above 15 million to 20 million VND. There are also positions that pay below 7 million VND, catering to part-time workers. This diversity in job opportunities allows job seekers, including students and individuals with varying backgrounds, to find suitable employment that aligns with their needs.

According to Mr. Thành, from now until the end of the year, especially in the fourth quarter, many companies will be working to complete their annual plans and handle additional orders. In anticipation of this, businesses in Hanoi have already been increasing their hiring efforts since August and September.

However, recruitment will undoubtedly come with challenges, especially during this period. This is partly due to workers already being employed and only considering new opportunities under unavoidable circumstances, such as when a company faces difficulties or when an employee feels they no longer fit the working conditions or environment.

“Following the job market’s dynamics, when a business ceases operations, the workforce will naturally rotate and apply for positions in other companies,” explained Mr. Thành.

INDUSTRY SECTORS WITH ANTICIPATED HIGH RECRUITMENT DEMAND

The Hanoi Center for Employment Services forecasts that towards the end of 2024, the sectors with the highest recruitment demand will primarily be services and trade. This includes supermarkets, restaurants, shopping centers, and logistics companies, all of which require additional staff to manage the surge in holiday orders. Moreover, the manufacturing, information technology, and other sectors are also expected to have increased hiring needs.

Job seekers exploring employment opportunities.

“Based on the needs of enterprises, we will coordinate with relevant units to organize specialized and mobile job fairs to meet the labor demands of businesses in the city. Simultaneously, we aim to support job seekers in finding suitable employment with satisfactory income,” shared Mr. Vũ Quang Thành, Deputy Director of the Hanoi Center for Employment Services.

In the Ho Chi Minh City market, Mr. Phạm Văn Cẩn, Deputy Director of the Center for Human Resources Demand Forecast and Labor Market Information, revealed that the city’s workforce in 2024 is estimated to exceed 5.1 million people, marking a 5.61% increase compared to 2023.

From January to September 2024, the Center surveyed over 52,000 businesses, identifying more than 230,000 job vacancies. The demand for human resources was mainly in the trade-service sector, accounting for 70.12%, followed by the industry-construction sector at 29.48%, and the remaining in agriculture, forestry, and fisheries.

Several economic sectors have exhibited high recruitment demand throughout the year, including the manufacturing industry, wholesale and retail trade, automotive repair, professional, scientific, and technological activities, real estate, financial and insurance activities, and information and communications.

Based on the supply-demand labor survey results for the past nine months, the Center forecasts a demand for over 83,000 workers in Ho Chi Minh City in the fourth quarter of 2024.

The job search in the final months of 2024 will continue to focus on key industrial sectors and primary service industries. To secure suitable employment, job seekers are advised to proactively enhance their professional knowledge, vocational skills, and soft skills relevant to their desired positions. Additionally, developing a strong work ethic and a professional attitude is essential.

Furthermore, to meet the challenges of integration and the Fourth Industrial Revolution, individuals should also improve their foreign language and information technology skills and stay updated with the latest technologies. When seeking employment, it is crucial to rely on reputable sources to avoid falling victim to scams.