+ Salaries and wages are paid according to business results or work progress. + Regular bonus shall be based high-performance and typical achievements. 40
+ Bonus with tours - vacation for workers according to the company's specific annual policy. Welfare policy: All official officers and employees of TH are guaranteed to enjoy the policies and regimes consistent with the Vietnam Labor Law. In addition, the Company's workers are entitled to receive welfare benefits under the Collective Labor Agreement, which are adjusted annually. - Talent attraction policy: TH has special competitive policies and bonuses for good workers, who have a lot of experiences in related fields, on the one hand, to retain workers for long-term, attracting good manpower from various sources to work for the company. Salary and benefit Employees are quite satisfied with the salary and bonus regimes of the company. Salary - For the new workers, skilled workers who work at the Company in the first 3 months, the company will ensure the salary of 3.500.000 VND/month for them. - For the experienced workers and long-term worker of 1 year or more at the company, the salary for the workers usually ranges from 4.500.000 VND to 7.500.000 VND according to the product based salary. This salary is slightly higher than the average salary in the garment industry (from 4.500.000-5.000.000 VND). - Workers are entitled to salary based on products. In addition to product based salary, the company also has a regime for employees as follows: + Attendance: 300.000 VND/month, Telephone allowance: 100.000 VND/month, Seniority allowance: 100.000 VND/month, Child caring allowance: 100.000 VND/month, + Productivity based bonus: Product based salary from 4.500.000 VND to 5.000.000 VND rewarding 4% of product based salary. Product based salary from 5.000.000 VND to 5.500.000 VND rewarding 6% of product based salary. 41
Product based salary over 5.500.000 VND rewarding 8% of product based salary. + Lunch shift allowance: lunch support for employees. The company arranges the dormitory accommodation and dinner service for workers who stay at the dormitory. + Tet bonuses equal to 8% of the total annual salary. Attractive welfare regimes - Giving birthday gifts for all workers every month. - Every year, workers shall have summer vocation (in Vietnam). - Paying social insurance, health insurance, unemployment insurance for workers as prescribed. - Workers on maternity leave are entitled to the allowance of VND1 million and 4 months-off. 3.3. Analysis current situation of worker’s motivation at Thanh Huyen 42
3.3.1. Evaluation of workers about work itself at Thanh Huyen Table 4: Workers’ satisfaction about work itself at Thanh Huyen Work itself Strongl y disagree Disagre e Neutra l Agree Strongl y agree Mean Std. Deviation I think my job is suitable for my ability 8% 0% 37% 23% 32% 3.73 1.157 My job is interesting 6% 10% 23% 44% 17% 3.58 1.073 My job face lots of challenges, I can learn a lot from my job 4% 14% 39% 21% 22% 3.46 1.111 Average of mean 3.59 1.113 Source: Survey data in 2018 Referring to the table, we can see what satisfaction the workers agree more than disagree. Workers are quite satisfied with their work. Specifically, 23% of
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- Spring '18
- Economics, Th, Thanh Huyen CO.