F12-088 - Tran Khanh Linh.v.1.1.docx

With the best performance in the vietnamese banking

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with the best performance in the Vietnamese banking system 2020 so it would be best for VietinBank to recruit internally for most positions. Labour turnover can be defined as the number of employees remaining/leaving the company or the number of organisation being replaced. Here are some undeniable reasons for employees to quit: Illness Accident Retirement Job change Salary Other than that, there s also a simple reason to quit called job dissatisfaction. In order to reduce labour turnover, organisations have planned out retention: Survey: Evaluate working condition, economics condition, …. to know how the employees response. Interview: List out reasons why employees quit to gain experience so organisations can improve themselves. 5.4 The Impact of Legal and Regulatory Frameworks: Labour Law 2012 provides labor standards, rights, obligations and responsibilities of employees, employers that suit social situations to secure their interests. (LuatVietNam, 2012) The National Wages Council has finalized the regional minimum salary
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11 rates for 2018 and the Region II is 3,530,000 VND (Das, 2018). 5.5 Advances in Technology: Cloud-based HR programs: all of employee info will be saved in a big “cloud”. This will help employers manages them easily and more eficently. Recruitment app: Companies can upload sections they need to recruit or people can apply CV to find jobs that they r e interested in. Social media recruitment: Companies often use social media recruiting through advertising to attract people looking for work by pointing out basic corporate information. 6.1 Sources of recruitment: Traditional: The cost is expensive and the process is outdated and inefficient . Online: Easily to access, reach bigger audience, free to use, more effectively 6.2 Job Analysis, Job Descriptions, Personal Specifications and Competency The job description is a written statement that describes the work that is to be done and the skills, knowledge and abilities needed to perform the work. (Mondy&Martocchio, 2016) An easy definition of competency is that it is something you need to be able to do well in a specific job role. (Lasse, 2015) 6.3 On-Boarding and Induction: This process focuses on helping employees to become acclimated to their new workplace in a timely fashion and bringing them “on board” with regard to company culture, understanding of job function and overall comfort level Induction is the process of introducing new employee to the company.
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Recommendations To: Head of Retail Banking From: Tran Khanh Linh Date: November 6, 2018 Ref: Opening New Branch Open a private bank branch for high-income clientele only Workforce plan include four positions: manager, assistant, counselor and cashier. Offer long time experience employees to work in VietinBank s new branch – My Dinh. No references
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  • Winter '18
  • Vietinbank

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