IT managers have a median salary of VND52 million, the highest among all sectors, but the income of those with less than one year of experience decreased compared to 2023.
Job platform TopCV announced its annual recruitment market report for 2024 and assessed that the human resource fever in the IT – software group “shows signs of decreasing”, but is still a labor-hungry industry in Vietnam with salaries exceeding those of other fields.
The survey was conducted with 3,000 businesses and employees nationwide, combined with an analysis of 300,000 recruitment posts as of the end of October on TopCV. The company said that the demand for human resources in the IT – software group decreased by 1% compared to last year, but experienced and highly skilled personnel are still sought after.
This is also reflected in salaries. The group of people with less than one year of experience received a median salary of VND11 million, down from VND15 million last year. Meanwhile, team leaders or people with 4-6 years of experience were paid VND35 million. For management or department head positions, businesses were willing to pay VND52 million, nearly 30% higher than last year.
The figure is based on the “median,” which is the value in the middle of a set of numbers. For example, if 99 companies are ranked in order of salary from highest to lowest, that would be the salary of the 50th highest-paying company. In statistics where there is a large difference between the highest and lowest numbers, the median is often used because it gives a clearer picture than the average.
With the above results, IT – software returned to the top position in terms of salary in the platform’s survey. Last year, Insurance was the number one industry with a median salary of 50 million for the position of department head, 10 million more than the IT industry. This year, the position of department head in most popular industries has a salary of 26-39 million VND, much lower than the IT department head.
However, according to TopCV, the IT – software recruitment market in 2024 will face many difficulties, mainly due to the limited supply of candidates, of which 55% said there was a shortage of highly skilled human resources; 49.7% of companies are willing to compete fiercely and offer many attractive incentives to attract this group of employees.
On the other hand, when asked about the reason for “job hopping”, 34.1% said it was because of lower compensation than other companies in the same industry, 29.5% felt there was no more opportunity for promotion, and 19.54% said it was no longer suitable for the leadership’s vision.
However, the survey unit also affirmed that “changing jobs is no longer guaranteed to bring an increase in income”, because only less than 10% can increase their income by 3-5% after changing jobs. In addition, employees when looking for a new job may face many challenges, such as foreign language requirements, multitasking, and updating new skills.
TopCV, founded in 2014, is among the famous HR Tech ecosystems in Vietnam. Recruitment reports have been released annually by the platform since 2018.
Source: vnexpress.net
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Source: Vietnam Insider