Wanting to hire offshore development developers in Vietnam? Here are things that you should consider.
Hiring Season
The hiring season is March to April, after the Lunar new year and Employees have received the 13th-month bonus. This is the best time to hire and build an IT team – post-recruitment, which will be able to operate in April or May. Outside of Hiring Season, we can still find candidates but it is recommended to offer better packages to attract them.
Low Season is October to January, as Employees are all waiting for the 13th-month bonus and subsequent Tet bonus. Hiring at this time is extremely difficult, and we may have to offer a sign-on bonus to compensate candidates for foregoing their bonuses.
Junior Vs Senior
Junior-level candidates care about how to advance their career path. They want to join a team with a clear structure and professional environment that they can learn important skills.
Senior-level candidates care about employment benefits, welfare, tech stack, and stability. They understand their value and are looking for a “fair” working environment where the salary matches their experience.
English Skill
When comparing 2 candidates with the same skillset, and years of experience, the candidate who can use English better always got offered a higher salary (around 20% more).
Region
There are 3 markets for tech talents:
- Ho Chi Minh = 55.3% of tech talent population
- Ha Noi and = 34.7%
- Da Nang = 5.4%
Salaries in Ho Chi Minh and Ha Noi are higher, and salaries in Da Nang are lower. Developers in Ho Chi Minh are more flexible and adequate.
Employee Benefit
Other than employment benefits as prescribed by Labour Law, other employee benefits commonly adopted by tech companies are:
- Company/ Team Building Trip
- Work from Home xx days/month
- Onsite Training
- Providing Laptop
- Birthday Leave
- 13th Month Salary (Industry Norm)
- Yearly/Quarter/ Performance Bonus
- Team Fund for Happy Hour
RELATED: The booming IT Industry in Vietnam: Update 2021
GET IN TOUCH
Investing in Vietnam’s IT industry is highly profitable for foreign investors but it can be a time-consuming process. Metasource’s comprehensive business solution services will not only assist you with registering your company; but will also ensure that you stay on top of all legal compliances. Following incorporation, we also provide HR and accounting services.
