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Navigos Group launches Vietnam Salary Survey 2009

Wed, 22-Apr-2009 09:56:00 +0700

SHARE YOUR INFORMATION. SHAPE REMUNERATION TRENDS. LEAD THE MARKET.

HCMC, April 22, 2009 - Navigos Group, Vietnam's leading and largest recruiting and integrated human resources solutions provider, today announced its launch of Vietnam Salary Survey 2009. Navigos Group expects its Vietnam Salary Survey 2009 will attract a large number of companies from various industries to participate in the survey to share information, shape the remuneration trends and lead the market.  

Vietnam Salary Survey 2009 is open to participation from all companies across Vietnam. The registration period runs from April 22 to July 13 2009. Participation is free and participants will be entitled to a considerable discount if they buy the report when it is released. In addition, participants will be offered a "free pass" to attend Vietnam Salary Survey seminars, planned for September 2009, to be held in Ho Chi Minh City and Hanoi. Please contact salary@navigosgroup.com or call (84 8) 3846-6000 to register or for more information.

VIETNAM SALARY SURVEY 2009 - AN INDISPENSABLE TOOL FOR ANY BUSINESS OPERATING IN VIETNAM

Navigos Group's Vietnam Salary Survey, designed to provide insights about Vietnam's market, is helpful to any business operating in Vietnam to shape their remuneration policies and lead the market. 

Vietnam Salary Survey 2009 will cover a wide range of job categories available in Vietnam-a total of 75-to ensure a comprehensive and impactful final report.  Vietnam Salary Survey Report 2009 will present the value in gross, responding to the changes in the new personal income tax law.  Vietnam Salary Survey 2009 continues the competency-based approach which places emphasis on analyzing company and individual data, and to demonstrate how a dynamic range of information can affect remuneration. The final report will be presented in both English and Vietnamese, which makes access to the information easier for a wider range of readers.

supplementary report IS AN INTEGRAL PART TO THE official report to update the latest trends in vietnamese market

"In addition to the official Vietnam Salary Survey Report 2008, Navigos Group has just released its Supplementary Report 2008 to keep companies informed with the latest trends of the market which is released every mid year in between regular survey reports," said Winnie Lam - HR Advisory Services Director of Navigos Group. She said, in addition to reviewing all business indicators affecting remuneration policies since last data collection, the Supplementary Report 2008 focused on current market conditions in the economic downturn by presenting the result of a Trend Survey conducted by Navigos Group in March 2009.

This Trend Survey, she said, was conducted among 91 companies, of which 58% represented 100% foreign-owned companies. They came from various industries, of which Manufacturing & IT / Telecom had the highest respondents.

According to the Supplementary Report 2008, of the 91 surveyed companies, 67% still planned to hire in the next six months, mainly aimed at staff level. The Supplementary Report 2008 also revealed that 59% of surveyed companies increased salary between quarter 4/2008 and quarter 1/2009, despite the global economic downturn. In addition, nearly 40% of respondents said they have kept 2009 benefits and allowance system at the same level as last year.

Navigos Group's Supplementary Report 2008 is offered free to clients who have purchased the Vietnam Salary Survey 2008 Report and for those who have participated in the Trend Survey. It is also available to interested companies for a reasonable price.

ABOUT NAVIGOS GROUP'S VIETNAM SALARY SURVEY

Since 2005, the Vietnam Salary Survey of Navigos Group has been the first and foremost local salary survey developed in-house and is fully independent. The report contains comprehensive and insightful information, which sharply reflects changing trends in salary, benefits, allowances, bonuses, etc. in the Vietnamese labor market.

The report's valuable information is collected and analyzed by Vietnam's most knowledgeable HR consultants who utilize a broad set of connections with clients spanning all major employment sectors. With international expertise and local insight and a strong methodology based on a competency-based approach, these consultants can gather the latest and most reliable labor-market information. While providing a comprehensive and precise picture to all the remuneration trends in Vietnam, the report is always offered to the market at a reasonable investment.

Last year, Navigos Group's Vietnam Salary Survey 2008 attracted 206 companies. The four major types are: wholly foreign-invested companies (46%), local Vietnamese companies (29%), joint venture companies (13%), and representative offices (12%). These companies came from a variety of industries, including major ones such as Manufacturing, IT & Telecom, Financial Services and Construction/Engineering. Collectively, the survey amassed data from 37,000 employees, spanning all job levels from production/manual to admin/clerical, professional, supervisor/management and top management.

Companies from across Vietnam, mainly in Ho Chi Minh City and Hanoi participated in last year's survey, giving a comprehensive picture of the compensation and benefits market in Vietnam. The final report released in September 2008, the earliest salary survey report in this market, helped give reliable and updated information for companies to adjust their pay strategies at the end of the third quarter of the year.

ABOUT NAVIGOS GROUP

Navigos Group (www.navigosgroup.com) is the leading and largest Recruiting and Integrated Human Resources Solutions Provider in Vietnam. We deliver quality services to the increasingly fast-paced and internationalized Vietnamese market place. Our mission is to help people and organizations achieve success through excellence in matching and managing talent. We solve our clients' most critical HR challenges so they can focus on their core business.

Our services include:

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