On 4th September, Navigos Group - the leading and largest recruiting and integrated human resource solutions provider - unveiled the preliminary results of the Vietnam Salary Survey. The survey shows that the salary increase was recorded at 19.5% in 2007-2008 period.
This is the highest increment within the last five years, much more higher than 2006 and 2007 when the Viet Nam economy was booming. Despite the economy growth in the period, the salary increase was recorded at only 9% and 12.6% respectively.
The results of this survey were founded on the analysis of data, available from April 2007 to March 2008, submitted by more than 180 companies representing 15 major industries, such as Manufacturing, Finance, IT, FMCG, Construction and Engineering, Hospitality and Tourism, Pharmaceuticals, and Chemicals… The high salary increase is due to the inflation and the lack of human resources.
The initial results of Vietnam Salary Survey 2008 also revealed a certain percentage of companies conducting salary reviews two to three times a year, with the percentage of increase and frequency at varying degrees. This is primarily in response to the inflation and retention issues that followed.
Lia Abella, Navigos Group Project Manager, told the final salary report covers 75 job categories and will reveal the critical and specific findings regarding gross salaries, net salaries, bonuses, allowances, benefits, etc., for hundreds of different positions among the 15 major industries.
Navigos Group will officially announce the result of Vietnam Salary Survey 2008 at the seminar “How Competitive is Your Compensation Strategy?” on 23rd September, 2008 in Ho Chi Minh City and 25th September, 2008 in Hanoi. The seminar will address relevant Compensation & Benefits issues and current trends and analysis from the Vietnam Salary Survey 2008.
Navigos Group’s Vietnam Salary Survey 2008 Report will be the first-ever bilingual salary report in Vietnam to help both English readers and non-English readers get a comprehensive view of the salary trend and make the right decisions for the best compensation and benefits strategies.
