According to a recent report from VietnamWorks, 27% of Vietnamese employees say they will quit early next year if their Tet bonuses aren’t good enough. Tet, which is Vietnam’s largest holiday, falls from February 2-9 next year.
According to VietnamWorks, 55% of employees said they would join other colleagues in demanding that employers increase their bonuses if the amount did not meet their expectations. The survey also noted that 28% of respondents in various sectors were not satisfied with the bonus they received in Tet 2018.
The survey found that 64% of companies give employees Tet bonuses that exceeding the value of their monthly salaries and that 60% of companies plan to maintain the same Tet bonus that they gave this year, while 30% of companies are looking to increase it.
Employee bonuses are typically given based upon either the company’s financial performance or individual performance, according to 72% of employers. The survey found that In general, employees are satisfied with the criteria that companies use.
It also found that benefits package attractiveness was a decisive factor for job applicants. A quarter of both employees and employers said that welfare is one of the most important factors influencing a person’s decision to apply for a job.
When it comes to welfare issues, 86% of jobseekers, said they frequently look up information on welfare and benefits while searching and applying for jobs; while 84% of companies provide information on employee benefits in their job postings.
Although 47% of employees say they are happy with their current benefit packages, 23% said they would quit if their employers do not give them the package they expect. Resignations for benefits-related reasons are most likely to occur in the IT software sector, with 35% of employees saying that are willing to quit their current employers.
Discussing the prospects for new jobs, 28% of the respondents to the survey said that individuals who have more than 2 years of experience are most likely to find a new job that has better benefits and higher pay.