Enterprises awarded for pioneering innovation to attract talent

On December 12, Vietnam Investment Review, in collaboration with Viet Research, hosted the announcement ceremony for several prestigious rankings in Hanoi. These included the Top 500 Value-Creating Enterprises in Vietnam, the Top 10 Value-Creating Enterprises in Vietnam 2024, the Top 500 Leading Employers in Vietnam, the Top 50 Most Attractive Employers 2024, and the Top 10 Best Workplaces in Vietnam 2024 across key economic sectors.

Being listed in the Top 500 Leading Employers in Vietnam 2024 is not only a recognition of the enterprises' efforts but also a testament to their credibility and appeal to talents both domestically and internationally.

The VBE500 enterprises for 2024 were categorised based on total asset size into two groups: those with assets exceeding $83.3 million and those below this threshold. All companies listed have significantly contributed to Vietnam's economic development, showcasing flexibility and efficiency in optimising human resources.

In terms of total employment and average income, companies in Group 1 with assets over $83.3 million, employed 1.44 million workers with an average monthly income of $975 per employee. Meanwhile, Group 2 companies with assets below $83.3 million, provided jobs for nearly 272,000 workers, with an average monthly income of $817 per employee.

Representatives of the Top 500 Best Employers (VBE500) in Vietnam 2024 attend the announcement ceremony. Photo: Dung Minh

According to the VBE500 survey, recruitment challenges stemmed from prolonged processes, skill gaps, market competition, and costs. Approximately 75.9 per cent of enterprises reported that delays in recruitment increased costs and caused missed opportunities with potential candidates.

“Nearly 65.5 per cent of businesses faced difficulties in attracting candidates with the right skills, particularly in specialised industries. Recruitment platform competition posed challenges for 51.7 per cent of enterprises, necessitating strategy adjustments to maintain an advantage. Additionally, high salary expectations from candidates created challenges for 48.3 per cent of enterprises,” stated the Viet Research report released on December 12.

To address recruitment challenges, VBE500 enterprises adopted various strategies. Diversifying recruitment channels was highlighted by 93.1 per cent of businesses as highly effective. Internal recruitment emerged as a key solution, reducing costs and motivating employees, supported by 82.7 per cent of enterprises.

Technologies like AI and big data were deployed by 75.8 per cent of companies to streamline recruitment processes. Maintaining effective communication with candidates to enhance engagement and retention was prioritised by 72.4 per cent of businesses. Lastly, 65.5 per cent of enterprises invested in building a strong employer brand, promoting a positive image and work environment to pull in talent.

VBE500 companies identified four major trends shaping the future workplace. First, automation and AI are expected to continue transforming workflows, enabling cost and time efficiencies. Second, advancements in science and technology were anticipated by 87.8 per cent of businesses to optimise production processes and human resource management.

Third, remote and flexible working models gained traction, with 86.2 per cent of enterprises highlighting their benefits for work-life balance and reduced operational costs. Lastly, 75.9 per cent of businesses predicted sustainability and environmental policies would become key factors driving productivity and long-term development.

Representatives of the Top 10 Best Workplaces in Vietnam 2024 (VBW10) attend the announcement ceremony. Photo: Dung Minh

As part of its nationwide corporate research programme, Viet Research also announced the Top 10 Best Workplaces in Vietnam 2024. This list honoured exemplary enterprises across key economic sectors, including banking, financial services, insurance, retail, IT and telecommunications, tourism, pharmaceuticals and medical devices, food and beverages, logistics, real estate and construction, energy, manufacturing, and high-tech agriculture.

Value-creating businesses can shape sustainable future Businesses that create values are no longer solely focused on achieving the highest profits but are now defined by their commitment to social responsibility and value creation for shareholders, employees, and society.

Crucial facets of talent can help companies adapt The Association of Chartered Certified Accountants (ACCA) emphasises the role and responsibility of auditors in ensuring professional quality and creating value for businesses. ACCA chief executive Helen Brand covered the company’s role in line with sustainable development goals with VIR’s Vy Vy.

Time is now for Vietnam to fully cultivate AI talent Vietnam is well-positioned to fully develop AI talent through government support, international collaboration, and an influx of foreign experts.