Work-Life Balance Is a Cycle, Not an Achievement. In short, work-life balance is the state of equilibrium where a person equally prioritizes the demands of one’s career and the demands of one’s personal life.
Work-life balance is the most important consideration for Vietnamese job seekers in 2022, according to new research from modern HR platform Grove HR and public opinion and data firm YouGov.
Following a difficult 6 months in which millions of people were forced to work from home and entire industries ground to a halt, Vietnamese workers are now reassessing their professional priorities and what matters most to them in the workplace.
Post-pandemic, almost three-quarters (73%) of people rate a better work-life balance – such as flexible working, switching-off after hours, and compensation for overtime – as the most important factor when deciding whether or not to accept a new job offer. A competitive benefits package, including salaries and bonuses, came a close second (73%) for job seekers, with ‘job security’ (69%) ranked the third-most important criteria in 2022.
Grove HR also found that almost half (49%) of people intend to change jobs in 2022. That’s a fall of just 2% from the height of the pandemic in 2021, and consistent with trends elsewhere around the world.
However, companies wishing to attract these workers will need to offer a good financial package, with most people looking for between 10% and 30% more than their current salaries. Only around one-in-ten (11%) would consider switching jobs for a rise of less than 10%. On the other hand, over a third (36%) would leave their job if their salaries were cut by 10%, highlighting the challenges of staff retention in the ‘new normal’.
Meanwhile, the ideal workplace has been transformed during the pandemic. Vietnamese now want a flexible work environment, with 40% of people hoping to combine office and remote work in 2022. That compares to one-fifth (21%) who want to return to the office full time and just 16% who want to continue working at home.
Vietnamese workers also care more about their health at work, following the global COVID-19 pandemic. However, most people feel safe returning to work once themselves, their families, and their colleagues have been vaccinated.
You can download the full version of the research ‘What Vietnamese candidates want in 2022’ here.
Commenting on the data, Bao Nguyen, General Manager at Grove HR said:
“Staff recruitment and retention remain a major challenge for companies in big cities and industrial zones, after tens of thousands of people returned to their hometowns during and after the lockdowns of 2021. Now, attracting new workers is no longer just about offering attractive salaries. Staff want more from their jobs. Therefore, managers need to adapt their HR strategies to match the new realities of recruitment post-pandemic.
“Even though the lockdowns are over, trends such as remote and flexible working look set to continue. So companies that want to retain their best and brightest need to invest in the tools and technologies to facilitate a better work-life balance for their staff.”
Thue Quist Thomasen, CEO of YouGov Vietnam, added:
“The COVID-19 pandemic has changed the world of work around the globe, and Vietnam is no different. Our data shows that workers now want to maintain a good work-life balance. Therefore, companies need to offer attractive benefits and incentives while also creating and communicating a positive corporate culture and facilitating a flexible workplace where staff have the option to split their time between home and the office.”
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Source: Vietnam Insider