Existing Issues for hiring Tech in Viet Nam

The demand for recruiting IT human resources is increasing over 500,000 people in 2021, but currently lacks up to 100,000 people in Vietnam. So what is the reason ?

Current IT human resource market in Vietnam

Until now, the demand for information technology (IT) industry has never ceased to be "hot". According to a report from Forbes Vietnam 2019, recruitment demand will continue to increase strongly in the future, with the current market growth rate, it is forecasted that by the end of 2021, the demand in Vietnam market could increase to 300,000-350,000 people. However, the shortage of tech labor is a problem for the information technology market as demand is estimated to go up from 320,000 engineers this year to 400,000 in 2020. Also, many businesses have difficulty in recruiting and retaining people by raising salary.

This article will go into depth on the causes as well as issues related to the IT labor market in Vietnam.

Vietnam has attracted the attention of regional companies looking for a base for product development, particularly, the start-up wave is fueled, and especially the wave of businesses in other fields tend to digital transformation and e-commerce. The skills and expertise required to support digital transformation are constantly enhancing and alteration. Businesses need top tech talent to support web development and analytics to network security and systems architecture and so forth. The “hottest” tech jobs are in data science, cloud, security, new and in-demand programming languages, and technologies that make managing business applications or data easier. It explains why top tech talent is in such high demand, especially highly skilled and experienced tech talent. 

Source: TopDev.vn

1. Quality training remains a big challenge. 

• The reason could come from a lack of direction in the curriculum when the industry is looking. Lack of necessary skills (teamwork, time management, communication, etc) and language proficiency is a hindrance to the job search process leading to many Fresher IT failures to meet the recruitment standards. Vnexpress (2019) also indicated that Vietnam suffers in terms of quality and quantity, with shortcomings in a foreign language and IT skills and the ability to use technologies. The article also points out the large gap between the country's vocational education and the high demand of the market. It is required vocational education have to adhere to market demand and the need to meet international standards.

• Technology and the IT industry is changing rapidly. Every 3 to 6 months, there are new technologies coming out , so it requires developers to always learn to update new technology and pay attention to the roadmap of its technology development. Beside that, it is also necessary to have the experience as well as well prepared to apply for a new job. 

Thus, the reason for the shortage comes partly from the quality of training. Therefore, to solve this problem, Universities need to improve the training program and focus on improving the quality of human resources in this sector.

2. Causes from the business

• Attracting and retaining IT talent between companies is more and more intense. Some companies are willing to pay high salaries for candidates with years of experience in "hot" fields such as Cloud Computing, Big Data, or AI depending on their capacity and along with other preferential benefits. But finding a candidate who meets all the standards of the job is an urgent matter.

• Some businesses cannot attract many candidates and talents because they do not know how to promoting their brand awareness.

• For tech talents, salary and remuneration are not the top factors affecting the decision to work in a company, they also need great projects with a professional working environment. To recruit talented candidates, businesses need to implement a long-term recruitment strategy. Let the candidates know that your business is a perfect stopover. According to the report of TopDev.com There are 75.2% of developers say that they feel interested in a new job when they receive a higher salary than their previous job. However, in order to make developers satisfied with their current job, salary and bonus is only the fourth most important factor, behind a clear career development roadmap (44.2%), with intensive training. (33.3%) and good company culture (25.1%).

  “ Hiring the right people, at the right time”

• With the scarcity of manpower as well as the strict requirements, the employers will also "torch" to find people with requirements not only in terms of salary but also other requirements in the job to ensure productivity and working standards.

• Facing the current situation and shortage of resources in the whole market in general and the IT industry in particular, the recruitment needs to be changed according to a methodical strategy and a long-term orientation.

In Colibri, we put the needs of the candidate first in a candidate-driven market, and that means we really understanding what the candidate cares about and providing the level of detail they need in our job opportunity. Hence, the long-term strategy includes the promotion of out creative environment and the company's preferential policies. We always love to bring a good experience to Tech Talent and provide a great job for potential candidates in Vietnam.

With the above actual data and objective assessment, we hope that the candidates who participate in IT recruitment understand the current situation, then look back at yourself to see what need to add to go. Apply for a job successfully and work more effectively.

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