According to a survey from Anphabe on nearly 80,000 employees in Vietnam, the resignation rate in 2017 and 2018 were 19.1% and 20.5%, respectively. By 2019, this number will increase to 24%. Besides, the average time an employee works at the company is about 4 years, which is expected to continue to decrease in the coming years. This is a big challenge for Vietnamese human resource managers, especially when unemployment rate has decreased significantly that makes the expectation of an employee about his job becomes higher and higher.

Accompanying HR Professionals with internationalizing human resource management in Vietnam, PACE Institute of Management and SHRM Vietnam held a seminar on the International HR Seminar on January 10, 2020 in Ho Chi Minh City with the participation of many HR Professionals from various businesses and sectors.
 

Took place with Mr. Vu Duc Tri The - Solution Direction of the PACE Institute of Management and SHRM's representative in Vietnam, the seminar mentioned the challenges and trends of the human resources industry globally in general and in Vietnam in particular and highlighted the importance of retaining employees.

At the event, attendees together analyzed an important survey of Deloitte's global human capital trend, titled "Leading The Social Enterprise: Reinvent With A Human Focus", the report provides actionable insights to businesses everywhere, and based on feedback from nearly 10,000 respondents in 119 countries, including 225 HR professionals and business leaders who participated survey.

Moreover, the importance of retaining talents was also explained by Mr. Vu Duc Tri The:

• Leaders today are facing employee loyalty crisis while stronger competition in hiring great talents (43% of employees would likely leave for just a 10% pay rise, TINYpulse).
• High turnover can be extremely costly and disruptive to organizations. Cost of losing employees is about 33% of their annual salary (Employee Benefits News study).
• Employee Retention is the ability to keep talented employees in the organization. A comprehensive Retention program can play a vital role in:

• Attracting & Retaining key employees
• Reducing turnover-related costs
• Keeping employees motivated and focused so they remain employed and fully productive for the organization.

Effective strategies to retain employees was also shared by Mr. Vu Duc Tri The:

• Organization’s Good reputation in community and with employees
• Good matches of Skills and Culture
• Competitive Compensation and Benefits

Accompanying the HR Vietnam on a journey to conquer the trends mentioned above & global standards of competence and knowledge required of human resource people in the context of 4.0, PACE & SHRM Vietnam are offered to Vietnamese HR professionals based on the SHRM Competency Model® and SHRM-BoCK™ to help the HR executives empower themselves with the latest knowledge as well as relevant tools and methods of human resource management aligned with international standards.

• SHRM Training: International Human Resources Management (IHRM Program): Internationalize the HR management capabilities for HR professionals.
• SHRM Certification: Support HR Professionals for Preparing SHRM Certification.
• SHRM Learning System: Provide SHRM Learning System (hard and soft copies) for HR Professionals to prepare SHRM Certification (SHRM-CP/SCP)
• SHRM Networking: Monthly SHRM Café, Quarterly SHRM Info Session, Annual SHRM Seminar in Vietnam.
• SHRM Conference: Gather Vietnam delegates to join Annual SHRM Conferences (Regional and Global Conferences).

The SHRM Competency Model® and the SHRM-BoCK™ are the foundation for SHRM Vietnam to design the training program "International Human Resource Management" (IHRM) is exclusively implemented by PACE Institute of Management and SHRM Vietnam.

IHRM program will continue to be opened on March 19, 2020 in Ho Chi Minh City and March 26, 2019 in Hanoi. Please see more details about the program and register here.