F11-002 - Dang Quoc Anh.v.1.1.docx

Net 2016 hiring is a problem with high rates of

This preview shows page 18 - 20 out of 30 pages.

Number of English speakers - 54% (Vietnam.net, 2016) Hiring is a problem with high rates of unemployment and people with lower degrees. In contrast to those with lower degrees and not high enough to choose a good workplace, those who are likely to find the right job as well as companies must find the right staff for each position. Analysing Turnover, Stability and Retention Turnover is the amount of employee that leave the company in a specific period. On the other hand, retention is the amount of employee who stay back with the company. By identifying and measures both data, Vietinbank can control people more effectively. Measurement of these data can be used through stability index. The Impact of Legal and Regulatory Frameworks The Labor Law of 2012 was promulgated in 1992 based on the Constitution of the Socialist Republic of Vietnam. The law is edited in order to ensure the interests of workers and employers as well as avoid conflicts (LuatVietNam, 2012). Thuvienphapluat (2018) illustrates that Vietnam's minimum wage in Region II in 2018 is 3,530,000 VND. This figure has increased by 6.3% compared to 2017. Advances in Technology - Cloud-based HR Programs: With the growth of technology nowadays, many company used the cloud-based HR Programs to see and identify the work attitude of their own employees/workers to make sure their performance work well with the tasks of the company gave them. - Recruitment Apps According to Florentine (2014), the most prospective ways to attract the best dominant employees that using the social media (linkedin, vietnamworks, etc), its help evaluate the cultural
Image of page 18

Subscribe to view the full document.

fit, evangelize the ompany business mission and values and the most important is to advertise the open position. - Social Media Recruitment Advantages Disadvantages According to Watson (2018), there are 5 main advantages: - The company could reach the passive candidates - It s a best way of showing the company culture - The social media allowed targeting the vacancies. - Low-cost advertising - Have the profile of the candidates According to Smith(n.d), because of the social media is so large that many company couldn t stand out “from the crowd” and sometimes its increase the time for the HR department to recruit the potential candidates. Sample of Integrated Critical Analysis The process of selection includes a variety of steps and procedures depending on whether one is filling a newly created position or an existing one. Rebore (2015) identified the steps for a newly created position that included the following items: Job Evaluation Advertisement Selection Interviewing Rebore provided a detailed description of the job analysis process, including observations, interviews, surveys, and manager feedback. Each form of evaluation necessitates committing substantial resources and time by the human resources manager and the management team. A
Image of page 19
newly created position will not require observations, a very time-consuming process, but will require a series of meetings with the supervisor and any team members that may have valuable input. The second step of any job evaluation process is to create and finalize a job description
Image of page 20
You've reached the end of this preview.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern