Tips for HR managers of German companies entering the Vietnamese market
Ngo, Quynh (2014)
Ngo, Quynh
Kajaanin ammattikorkeakoulu
2014
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201405208662
https://urn.fi/URN:NBN:fi:amk-201405208662
Tiivistelmä
Recently there have been more and more foreign companies conquering Southeast Asia markets, especially Vietnam. As a result, there has been a huge demand for qualified workforce in this country. The workforce in Vietnam is large and young. However, there is a lack of skilled employees. As a result, the companies try to take on qualified people from each other by giving higher compensation, a better workplace, and so on. Therefore, the problem is to retain employees.
Human resource management and especially retention are considered some of the most important aspects of an enterprise, especially if German companies want to utilize the advantages of the young and diverse local human resource. Nevertheless, cultural differences, and differences between ways of working may cause problems in every stage of human resource management for German Human Resource Managers operating in Vietnam.
Taking advantage of the human resources in Vietnam, as well as making them professional and keeping them loyal are issues worth discussing.
In short, the main goal of the thesis is to provide “Tips for HR Managers of German companies entering the Vietnamese market”. It will not cover every aspect of HRM, but one of the most discussed issues today, retaining people. This paper will suggest solutions and after that, the solutions will be evaluated by real HR Managers of German companies in Vietnam.
Human resource management and especially retention are considered some of the most important aspects of an enterprise, especially if German companies want to utilize the advantages of the young and diverse local human resource. Nevertheless, cultural differences, and differences between ways of working may cause problems in every stage of human resource management for German Human Resource Managers operating in Vietnam.
Taking advantage of the human resources in Vietnam, as well as making them professional and keeping them loyal are issues worth discussing.
In short, the main goal of the thesis is to provide “Tips for HR Managers of German companies entering the Vietnamese market”. It will not cover every aspect of HRM, but one of the most discussed issues today, retaining people. This paper will suggest solutions and after that, the solutions will be evaluated by real HR Managers of German companies in Vietnam.