F11-003 - Do Thi Van Anh.v.1.1.docx

Retention is an effort by a business to keep up a

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Retention is an effort by a business to keep up a working environment which reinforces current staff in remaining with the organization. Numerous representative maintenance arrangements are gone for tending to the different needs of workers to improve their activity fulfilment and diminish the considerable costs engaged with employing and preparing new staff (Marketbusinessnews.com, 2018). 5.4 The Impact of Legal and Regulatory Frameworks. Labor law is a system of rules are created and enforced to protect the right, the obligation must be performed between employees and the company. In the labor law 2012 has 17 chapters and 242 charters and in 2012, the law is the change compared to previous year(Truong, 2012).The common minimum wage of Stage companies in Vietnam in 2018 increase from 1,300,000VND/months to 1,390,000VND/months, it means the minimum wage increase 90,000VND/months and the minimum wage in region II is 3,530,000VND/months (Das, 2018). 5.5 Advances in Technology The utilization of technology and cell phones enables laborers to convey in more effective and productive routes with businesses, directors, collaborators, customers and clients. Brick-and- mortar offices and the conventional 9 to 5 workday is rapidly fading instead is an rising in flexible working arrangement, remote working and an emphasis on a more work-life balance. Automation, smart devices, robotics and artificial intelligence are starting to threat the workforce and challenge traditional workers. 6.1 Assessment of the Approach to Recruitment and Selection, Development and Training, Performance Management and Reward Systems
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The process of selection incorporates an assortment of steps and methodology relying upon whether one is filling a recently made position or a current one. This part will demonstrate the detail of the recruitment process such as: Sources of Recruitment, Job Analysis, Job Descriptions, Personal Specifications and Competency Frameworks Selection, On-Boarding and Induction. 6.2 Sources of Recruitment Traditional Recruitment : With regards to recruitment, organizations have received the advantages of the traditional recruitment methods which have served them well and conveyed workers which have assumed a key job in characterizing their organizations. However, this method is time-consuming and waste money because the recruiter have to invest in advertising costs and spend time on clarifying recruitment applications. Example for traditional recruitment, local paper advertisements, local employment office postings,... Online Recruitment: The 21st century has seen a critical ascent in technology and has seen current enlistment techniques develop in impact and have any kind of effect in recruitment. Now day, when you are recruiting,it is popular to use social media, because it is inexpensive and allows you search for large of candidates in a short period of time.
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