Navigos talent salary guide 2021

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TALENT GUIDE 2021


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TABLE OF CONTENT

1 2 3 4 5
General introduction

Salary. Bonus and Benefits:

Salary, Bonus and Benefits

Influences of COVID-19,

Overview 2020

in 2021: Expectations of

economic prospects

employees

of Vietnam through

Talent Guide 2021

candidate’s perspective
Introduction ...................................... 04

Salary. Bonus. Benefits and ............ 11
Expectations of employees

Message from CEO ......................... 05
Respondents’ Information............. 06
Rationale ............................................ 08
Disclaimer .......................................... 09

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Factors affecting ............................... 14
employees’ job satisfaction

Job search trends in 2021 .............. 16

Influences of COVID-19 .................... 20
on salary of employees

Detailed salary for ....................... 23
4 Groups of Industries

Employees’ optimism ...................... 21
about the economic
prospects of Vietnam

Detailed salary for ........................ 97
other industries

Expectations about ........................... 17
salary in 2021
Some characteristics of ................. 18
salary, bonus, benefits and
employee’s expectations in
the different sector

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3

General Introduction
Introduction ................................ 04
Message from CEO ..................... 05
Respondents’ Information........ 06
Rationale ...................................... 08
Disclaimer .................................... 09

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General introduction

Introduction of Navigos Group
Established in 2002, Navigos Group is the owner
of the largest recruitment website in Vietnam,
www.vietnamworks.com, and the senior recruitment
services, Navigos Search. After 18 years of operation,
Navigos Group has developed and expanded in both
scope and scale. Not only is the company working in
the recruitment field, but it is also providing aptitude
testing services with 3E-IP Test products and online
courses for adults on the platform kyna.vn - an
investment that has just been made in late 2019.

VietnamWorks is the leading job website in Vietnam
with more than 5 million visits per month. Annually,
over 5.5 million applications are sent to more than
126,000 jobs posted on vietnamworks.com. Since its
establishment in 2002, VietnamWorks has brought new
jobs to 4.4 million users and has always been a pioneer
in accompanying and providing the best recruitment
solutions for more than 17,000 companies, most of
which are multinational corporations and leading
brands in Vietnam. The database of experienced
candidates and prestigious employers of VietnamWorks
is a valuable asset in the competitive recruitment
market in Vietnam.

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Navigos Search is leading in middle and senior
recruitment services in Vietnam with a large team of
consultants with in-depth industry experience and
the biggest database of 300,000 senior candidate
resumes. Besides, Navigos Search is favoured by
customers because of its integrity through adherence
to the recruitment process and quality assurance
at the highest level. In addition to middle and senior
recruitment services, Navigos Search is currently
providing recruitment solutions including outsourcing
of recruitment solutions (RPO), mass recruitment,
training and branding consulting for employers.

Navigos Group currently has more than 500 employees

with headquarters in Ho Chi Minh City and a branch
office in Hanoi. Since 2013, Navigos Group Vietnam has
become a member of en group specializing in providing
recruitment services with headquarter in Tokyo (Japan).

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Message from CEO

Dear valued customers,
We have just gone through 2020 with lots of new events and experiences both in our
life and at work. In the field of employment, the COVID-19 pandemic came as “one big
wave” posing challenges to the sustainability of economies. Businesses in all sectors
have been more or less experienced far-reaching impacts, and their employees are
adversely and most directly affected by this global epidemic.
According to the International Labour Organization (ILO), nearly half of global workforce
is at risk of losing livelihoods. Vietnam has also significantly affected with about 31.8
million people (aged 15 and older) being through job loss, layoffs, working hour and
income reduction in the first 9 months of 2020 (statistics from GSO).
To maintain our principles of becoming a partner and providing the most effective
supporting service for businesses, VietnamWorks and Navigos Search have immediately
launched a campaign to support businesses and job-seekers influenced by the
COVID-19. The Talent Guide 2021 conducted by Navigos Group to support customers
by providing them with an overview of the labour market in 2020 as well as trends
and forecasts for 2021. We are expected to help customers build the most effective
employee recruitment and retention strategies, which will contribute to their business’s

recovery and growth in the coming . At the same time, we also assist candidates and job
seekers to grasp trends in recruitment to have the best preparation in their career path.
For more information regarding this survey, please let us know through contact details
of Ho Chi Minh City and Hanoi offices on the last page of this survey.
Best regards,

Gaku Echizenya
CEO Navigos Group

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General introduction

Respondents’ Information

Respondents’ working field
Retails / Wholesale
Electrical / Electronic Manufacturing
Construction / Building Materials Manufacturing

Other Manufacturing Industries
Medicine, Medicine and Life Science
IT Software
Apparel manufacturing
Business consulting services
Restaurant, Hotel, Travel
Real estate
Banking
Education
Transportation/Forwarding
Manufacturing Machinery / Auto
FMCG sector

7

7%
7%
7%
6%
5%
5%
5%
5%
4%
4%
4%
4%
4%
4%
4%

Financial Services / Insurance
Media advertisement
FMCG Manufacturing
Agricultural production
Furniture Manufacturing
E-commerce
IT Product
Packaging Manufacturing
Chemical Manufacturing
Energy / Recycling
Oil
Fintech
Leather shoe production
Telecommunication network operator
Entertainment

4%
3%
2%
2%
2%
2%
2%
1%
1%
1%
1%
1%
1%

1%
1%

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General introduction

Rationale
Navigos Group decided to conduct the Talent Guide
2021 because our consulting team have worked closely
with customers and candidates, and understood the
importance of good employee recruitment and retention.
Below are 5 reasons why we carried out this survey:

To help businesses become
more competitive in acquiring
and retaining talents

To adjust pay rates based on
the market reality

The Talent Guide helps companies adjust salary range and
provide benefit package to be attractive to both current
employees and potential candidates.

To develop a salary structure

For businesses that do not have a salary sructure, the Talent
Guide can help them build it more easily and systematically.

Acknowledging the salary of

Being aware of companies in the field and sector they are
operating will help businesses prepare better HR plans in the
future.

companies in the same industry

Get useful data for human
resources in the organization

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Acknowledging the real-time salary in the market, businesses
can draw up recruitment and retention strategies.

Navigos Group’s Talent Guide will provide additional data
from employees including factors leading to their loyalty to
the business, decision to leave the business and their working
satisfaction. There is alsso other valuable information for HR
departments to plan their HR strategies for the sustainable
development of the business.

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General introduction

Disclaimer

The salary range in the survey was based on
analysis of responses from nearly 6,000 job
seekers, candidates and employers in Navigos
Group database. This was filled in by participants
themselves along with other details about working
locations, positions and years of experience.
Besides, the maximum salary for a working position
is also referenced from the employers who are
customers of Navigos Search. It should be noted
that the figures shown in this survey are base pay,
excluding bonuses or other financial benefits.
Although the data were collected and analyzed
with excellent and detailed care, this survey does
not represent for the whole market. This is for
reference only. All information on the Talent Guide
2021 should not be copied partially or all without
written permission from Navigos Group.

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Salary, Bonus and Benefits:
Overview 2020
Salary, Bonus, Benefits

and Expectations of
employees
Factors affecting
employees’ job
satisfaction

..............

................................

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Salary, Bonus and Benefits in
2021: Expectations of employees
Job search trends in 2021 ..................................... 16
Expectations about salary in 2021 .................... 17
Some characteristics of salary,
bonus, benefits and employee’s
expectations in the different
sectors

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Some characteristics of salary, bonus, benefits and employee’s
expectations in the different sectors
“Birthday leave”; “Allowances personal asset purchase”
are special benefits which Finance/Banking offer for its
employees.
Working location is the most important factor in
Packaging Manufacturing, Construction/Building Materials.
Job stability is a top priority for employees in Garment
Manufacturing, Footwear, Electrical/Electronic, Automatic
Machines, etc.
People working in Renewable Energy industry, IT
hardware, Electrical/Electronic manufacturing, Machinery
Manufacturing, Non- profit organizations are satisfied most
with their current working benefits.
Salarry of those working in Hotel, Restaurant, and
Tourism, Education are most affected in terms of salary by
COVID-19.

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Influences of COVID-19 and
economic prospects of Vietnam
through candidate’s perspective
Influences of COVID-19 ............................. 20
on salary of employees
Employees’ optimism about the ........... 21
economic prospects of Vietnam

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Detailed Salary Table

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22
22

Detailed salary for 4 Groups of Industries ..................... 23
Group 1: Banking - Finance - Insurance ........................... 24
Group 2: Manufacturing ..................................................... 35
Group 3: Information Technology (IT) .............................. 82
Group 4: FMCG - Retails....................................................... 89
Detailed salary for other industries

.............................. 97

Advertising/Communication............................................... 98
E-commerce...........................................................................103
Education............................................................................... 106
Energy.................................................................................... 111
Entertainment...................................................................... 114
Fintech................................................................................... 116
Legal...................................................................................... 119
Local Government............................................................... 119
Immigration.......................................................................... 120
Non Governmental Organization (NGO).......................... 121
Oil & Gas............................................................................... 122
Pharmaceutical/Life Science............................................. 125
Real Estate........................................................................... 135

Restaurant/Hospitality/Travel.......................................... 143
Telecom................................................................................ 148
Telecom Devices.................................................................. 150
Transportation/Forwarding.............................................

151

Wholesales........................................................................... 157

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Group 1: Banking - Finance - Insurance 24

Detailed Salary
for 4 Groups of industries

Banking – Financial Services............................
Fund Management............................................
Life Insurance....................................................
Securities...........................................................

26
30
31
34

Group 2: Manufacturing

35
37
41
43
47
50
55
63
65
68
75

Agriculture Manufacturing.......................
Apparel.......................................................
Automation................................................
Chemical.....................................................
Construction Material...............................
Electrical/Electronic..................................
Footwear....................................................
Furniture Manufacturing.........................
Packaging...................................................
Other Industrial Manufacturing...................

Group 3: Information Technology (IT)
IT Hardware......................................................
IT Software.......................................................

82

84
85

Group 4: FMCG – Retails

89
FMCG & Retails ................................................. 91

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Group 1: Banking – Finance – Insurance

“Banking – Finance retain talents
with gross revenue and great
financial interests”
Tuấn Nguyễn
Team Manager - Navigos Search South

One of the remarkable things about Banking sector is desirable
compensation package, Pay range is stipulated by the salary structure,
and the annual minimum salary increase is 12-16%. Decisions to raise wage
are relied on KPI, seniority and the overall performance of the company.
Banking may not have a particular higher salary range than Fast-moving
consumer goods FMCG or Retailing, but the employee’s gross revenue

is substantially better owing to the compensation package. Additionally,
bankers often enjoy bonuses based on KPI, holidays or foundation
anniversary. The current pay for digital bankers widely varies because of
the tight applicant pool.
As for Insurance, pay scale is applied to working-level positions. For seniors,
wage may vary according to each particular circumstance, given the sector’s
great potential of blooming. Pay range for some hard-to-fill positions
such as Actuarial Analyst sharply varies because of limited number of
candidates. Similarly, candidates capable of IFRS-based reporting, which is
compulsory for insurance companies, are most sought-after. Additionally,
one of the featured benefits of Insurance sector is employees can purchase
insurance with great discount.

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Salary range for Banking is often built on company’s pay grade and the
current market situation.

“Banking – Finance companies are
willing to meet emloyee’s salary
expectations”
Lan Ngô
Regional Director - Navigos Search North

For candidates meeting the requirements for hard-to-fill positions,
companies are ready to modify salary range to acquire talents.
For new positions related to digital banking, a few companies have not
established the corresponding pay grade and resort to applying market
rates or accepting applicant’s demands.
It is often believed that the salary range for banking-finance are higher than
average; however, this applies to manager level only. As for working level,
particularly salespeople, their salary is indeed not substantially higher.

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