On the spot: what you measure is what you get!

Dear our valued clients,

In this issue the hot topic is 'Linking Pay to Performance'. By now I believe some of you have conducted the year end evaluation which means TET bonus, 13th fixed bonus or a performance based system. Some might still be planning for it. In the article 'What you measure is what you get', you will find out the pros and cons of a fixed bonus. You’ll also read about issues surrounding Linking Pay to Performance and gain some important tips about how to apply this system into your organization. We hope this article provides some valuable insights and advice for your upcoming evaluations. more

Nguyen Thi Van Anh ­
Regional Director,
Executive Search & Selection

A court case

ABC Company specializes in production of animal feed and has a factory in an industrial zone in Dong Nai Province. ABC appointed Mr. ZYZ as the Storekeeper who was responsible for all raw materials, semi-products, finished-products and other related goods stored in the factory. more

A Dispute on Training Contract

ABC Vietnam Co., Ltd (“ABC”) and Mr. Tran Van T (“Mr. T”) entered into a labour contract with a two year term of service.  Mr. T worked for ABC as an IT engineer.

ABC sent Mr T to Malaysia to take part in a technical training course under a separate contract. ABC agreed to pay Mr T’s ‘Training Costs’ (living expenses, transport and accommodation and any material needed for the course). more

Linking pay to performance is once again a hot topic as the New Year looms. As a popular replacement of the TET bonus or 13th month fixed bonus, concerns of how and who to reward are on the table once more. more

As a manager, Van is intelligent, enthusiastic, passionate and also a perfectionist. She wins her staff's admiration through her productivity at work. But she hasn't yet won their hearts as their leader. Her management philosophy can be distilled to: "If an individual puts in 110% effort, his/her work will be recognized and rewarded and this is enough motivation for the professional person" more

(SGT-HCMC) The number of expatriates looking for jobs in Vietnam is climbing at a time when demand outstrips local supply of human resources, and the prediction what more foreigners will be allowed to work for a company in this country. more

(VET-HCMC)We see the upward trend of salaries to continue, especially in sectors where demand is high. The report identified the financial sector as where there have been great increases in salary. There have probably been changes in the figures since the data was gathered more

(SG-HCMC) The current shortage of qualified employees continues putting increase pressure on employers as human resources companies forecast salaries will keep on growing toward the end of this year. more

(VET-HCMC)A supplementary guide to the Vietnam Salary Survey 2007 conducted by the Navigos Group, with updates of market trends in salaries, has found the salaries will continue to rise into the future. more