In recent years, candidates have become more selective when applying for a new job while employers are turning to recruitment consultants instead of going to the market looking for jobseekers by themselves.
The requirement for the recruitment consultant is changing as well.
The job is no longer about recruitment alone, but also about consultancy and brand awareness.
High demand for a professional recruitment process and a huge talent pool is making recruitment agencies more popular than ever before.
Increasing demand for recruiting senior positions in big cities
According to a report issued in Q2-2019 by Navigos Group, one of the leading recruitment companies in Vietnam, many foreign direct investment projects have been implemented this year, leading to high demand for talents in fields such as marketing, sales, commerce, and services.
Currently, manufacturing is the leading sector in attracting talents, followed by fin-tech and e-commerce, with businesses in these fields willing to invest more in building up their talent pool.
Most enterprises in Vietnam are in need of key positions. However, the current quality of workers in Vietnam has not met the requirement.
It is also predicted that the demand for high-level positions will remain stable until the end of 2019.
In addition, recruitment demand for senior positions has increased remarkably in big cities like Ho Chi Minh City, Ha Noi, and Da Nang.
Demand for new staff in Ho Chi Minh in 2018 was 40 percent higher than that in 2017.
Multinational companies prefer to have candidates with a good understanding of the local market who meet the requirements of their corporate culture.
How recruitment consultants can help employers and employees in Industry 4.0
The Fourth Industrial Revolution (Industry 4.0) can have a big impact on all departments within a company. It can also change the company's human resource (HR) strategy.
From employers’ perspective, recruitment consultants can help develop a strong employer brand.
With their professional recruitment process and wide network, recruitment consultants can prove that one employer brand is unique compared to other companies and show candidates why they should apply for a specific organization.
Other marketing campaigns in advertisements, newspapers or on social media are also good channels for employers to improve potential candidates’ awareness of their organizations.
A job listing posted by recruitment consultants reflects the value of a company.
Furthermore, besides popular channels like social media, recruitment consultants also have the Applicant Tracking System to help them find potential candidates.
It can be said that the recruitment process is much easier with support from Industry 4.0 technology.
From employees’ perspective, candidates can find the posted job easier thanks to a lot of channels like websites and social media that a recruitment agency uses to attract talents.
By clicking the link and inputting necessary information, applicants can be immediately approached by the tracking system or social media admin for interview scheduling.
The screening process moves forward professionally with the support from Industry 4.0 technology employed by recruitment consultants.
In short, the Fourth Industrial Revolution is making the recruitment market busier as well as more time- and cost-saving.
The future of recruitment agencies
With high demand for senior positions and awareness about the importance of high-ranking executives, enterprises are willing to invest more and more on high-quality recruitment services.
Consequently, recruitment consultancy services are sought after as they have shown their strong capability in attracting best-fitting applicants from a wide talent pool.
In Vietnam, at the dawn of Industry 4.0, every recruitment agency in Ho Chi Minh City is required to quickly adapt to the quick changes of the market.
They must not only focus on recruiting new hires but also on strategies to retain talents in the long run.
Recruitment consultants in Vietnam need to do careful research to understand the needs as well as the strategy of each company to find the most suitable candidates.
Market intelligence will be the strength of each recruitment agency to advise their clients on the appropriate payment package to attract as well as retain employees.
With specialization, recruitment agencies can bring a lot of advantages to both employers and employees.
Being a partner with a suitable recruitment agency can open up a new opportunity for the labor market.