Work-life balance prioritised by employees in Vietnam

Employees in Vietnam are more likely to stay in organisations that prioritised work-life balance, a recent study showed.
By: | December 15, 2023
Topics: Compensation and Benefits | Employee Experience | News | Talent Management | Vietnam

Employees in Vietnam are becoming more protective over their work-life balance, with more than a third of them saying that they would quit if their job disrupted their work-life balance.

This was one of the things that Navigos Search, a recruitment organisation, found with their recent Salary and the Labour Market 2024, which saw 550 businesses and 4,000 job seekers as respondents from various cities in Vietnam like Ho Chi Minh and Hai Phong City earlier this year. In their view, the factors that will most determine if they choose to quit or remain in their current organisation include work-life balance, corporate culture, career advancement opportunities and their relationship with their direct supervisor.

The biggest factor, as the survey determined, was financial compensation, as 70% of respondents agree that they would quit or stay depending on how much they were paid.

“This result showed that employees are increasingly prioritising mental health values. This motivates them to give up their current job for a more suitable one,” the report said.

Navigos Search also found that organisations in Vietnam have continued to see job cuts (68.7% of respondents) or have stopped recruiting new employees (52.6%) this year as the global economy is experiencing a fall in hiring. 44% of employees have reported seeing unchanged salaries, while 11.5% saw a fall in the salaries received. The rest of the respondents (44.4%) saw a raise. Employees are planning to upskill themselves next year to be safe from possible layoff waves, with 55% of respondents saying they would develop their language and analytical skills.

READ MORE: Humanising HR: Putting people first in the modern workplace

Navigos Search advised organisations to study the psychological needs of employees and develop plans to attract, recruit, and retain talent effectively. Organisations also need to develop a workplace culture that aligns with the core values they are aiming for, they said, according to VN Express International.