Up to 54 percent of employees in Vietnam are not satisfied with their current salary, according to a new survey from the recruitment firm VietnamWorks.
Most of employers in the country have not been able to assess salary benchmark data to determine the best pay for their current employees and candidates, said the survey of 204 employers in June.
Up to 55 percent of questioned companies said they prefer to base their salary level on the pre-set salary budget, and 62 percent find it wise to determine salary through direct negotiation.
According to another VietnamWorks survey of 6,000 employees in 2014, 36 percent of respondents said their monthly salary were under VND6 million (US$285), and 32 percent from VND6-9 million.
Gaku Echizenya, CEO of VietnamWorks, said: “87 percent of companies that VietnamWorks surveyed haven’t made use of professional tools to evaluate salary levels... Therefore, these companies’ salary levels may not be competitive enough to attract quality candidates.”