(VEN) – While many enterprises went bankrupt, business restructuring became an urgent need. The Vietnam Chamber of Commerce and Industry (VCCI) recently sponsored a forum “Human resource administration’s role in business restructuring’ in Hanoi. Many of the forum’s participants agreed that human resource administration should be a top priority in business restructuring.
A business’ experiences
Hung Yen Garment Company Chairman and General Director Nguyen Xuan Duong said that the company was founded in 1997 when medium and high-grade managerial staff members in the textile and garment sector were in general unprofessional, and that more than 80 percent of the company’s employees were agricultural workers with a low levels of education and awareness of industrial production; with these human resources, the company was only capable of making products according to the order of partners with a low business efficiency.
The company decided to attach greater importance to human resource administration improvement to take the initiative in development. It did a good job in training its workers and improving employee incomes.
From 1997-2007, the company prepared and realized plans for training medium and high-grade managers and technicians in order to adopt advanced technologies and apply good management models. A worker was trained to be capable of doing different jobs. After Vietnam became a member of the World Trade Organization (WTO), the company worked with universities to have its staff members trained in technical and managerial jobs. It also continued to improve the skills of its workforce while recruiting graduates to satisfy demands to modernize production, improve productivity and competitiveness and add value to products.
Apart from training, the company created a healthy working environment, restructured its human resources and paid due attention to improving incomes. Although the company was at the bottom of the textile and garment sector’s enterprise list in 1997 it now has become a leading business in the field. The company currently has 11,000 employees with an average income of VND6.3 million per month. It has achieved a dividend rate of 20-30 percent per year and has fulfilled its tax obligations.
Navigos Group – Navigos Search Managing Director Nguyen Thi Van Anh, who has had 10 years of working as a human resource administration consultant for businesses, said experiences among many businesses show that human resource plans must be carefully considered and prepared based on businesses’ short, medium and long-term development strategies, vision and core; recruitment and training are strategic activities in human resource administration; but, in many businesses, leaders commend their recruitment jobs to department managers; training efficiency must be evaluated, while training for promoted staff must be done; and many businesses paid too little attention to this.
A problem in many Vietnamese businesses is that the same policy is applied to all employees; staff members are paid a fixed monthly salary and have the salary increased regularly; manpower arrangement remains improper; low incomes discourage employees from doing a better job, becoming creative and making more of a contributions to the company.
VCCI Chairman Vu Tien Loc said that it is time for businesses to restructure to improve their administration capability, and that businesses which are good at administration and have good administration plans will have many development opportunities when the economy recovers for further growth./.
By Lan Ngoc
Đăng ký: VietNam News
