With a shortage of high-quality human resources, information technology, especially Big Data, Artificial Intelligence (AI), and fintech, is forecasted to be among the top 10 industries with the highest recruitment needs in Vietnam in 2020, according to the 2020 Vietnam Salary Guide report conducted by Adecco Vietnam.
The tech sector also continued its rapid growth as businesses across industries continued accelerating their digital transformation and adopting new technologies, especially within the Business Intelligence (BI) and AI space.
Those positions require specific skills and technology, together with the growth of digitization of information resources all over the world. Data Scientist and Big Data Engineer are expected to be at the top of the list of most in-demand positions in the next five years with their rapidly growing rate. Besides, the demand for software developers will also remain high and stable, due to the continuous development of outsourcing service.
“Hence, understanding new recruitment trends is the key to stay ahead of the employer’s competition,” Andree Mangels, general director of Adecco Vietnam & Malaysia, said. “Retention will be a major challenge that companies continue to face, particularly for junior to mid-level professionals – who are Millennials.”
The average turnover rate in Vietnam in 2019 is 24% and reason to leave the current jobs included: Lack of professional development (51.3%); have better job offers (32.4%); have poor relationship with line managers (10.8%); and others (5.5%).