The new candidate’s generation has also changed their mindsets and ways of accepting jobs in response to the ongoing technological revolution that forces companies to think differently about hiring and managing people. This nearly comes to the end of the first quarter of 2020, let's take a look at executive search trends 2020 with Navigos Search.
The demand for executive search employees in Vietnam
There is the fact that in recent years, the number of industry investments in Vietnam has grown quite strongly, including domestic and foreign companies. Thus, it is clear that the supply and demand in the labour workforce will become increasingly imbalanced. Besides, the education and training system in Vietnam has not met the social development requirements.
The current level of knowledge, as well as the working experience and skills of candidates for senior positions, have not met the requirements of employers, especially in foreign-invested companies. Therefore, the scarcity of management personnel in both quantity and quality is understandable, especially for a country on the way to integrate like Vietnam.
Recruitment trends in executive search 2020
Online recruitment methods are supposed to be quite effective in the current time
The online recruitment methods increase and become more powerful compared to other forms of traditional recruitment nowadays. Currently, high-ranking headhunters in Vietnam are faced with many forms of non-traditional recruitment of human resources. There are more online talent search channels full of convenience for the job seekers that make them have not long been considered to partner with headhunters. In the US today, an average of 25% of vacancies are made through online recruitment.
In Vietnam, online recruitment is highly appreciated by workers. Quite some online recruitment websites are operating effectively such as Vietnamworks.com, www1.primus.vn/…. These sites have met the needs of most levels who are looking for a job. Especially, these online recruitment networks not only offer job searches for young people but also high-level positions, including managers, directors, or C-level.
Executive Search through employees/associates of the company
The organization can recruit low- or middle-level personnel for themselves, but with the scarcity of high-level positions, businesses have no other choice but to outsourcing an executive search from headhunting agency.
In some cases, companies that provide Executive Search only perform database collection, and this can only help them to map out the urgent needs of businesses in sourcing key personnel. Then an internal specialist of the business can perform the function to help the Executive Board select the appropriate headhunting company and is responsible for keeping the contact between the company and the candidate. Therefore, to recruit talent more effectively, companies with great demand for human resources often prefer to search for skilled professionals in the field of Executive Search and give them the task of hunting talent candidates, even the application of policies that entice good candidates from rival companies.
The Recruitment Advertising strategy is being applied everywhere as executive search trends 2020
The idea of Recruitment Advertising has been around in the US since the 1950s. This idea has been applied by big-name companies like Hodes Advertising and Shaker Advertising. It has helped businesses outline their human resource requirements so that they can select the best options in the mass media to advertise their recruitment. Today, Recruitment Advertising companies will help their client choose the most effective communication strategy for job posting, collaborate with businesses in improving the reputation and reputation of the business clients to attract good candidates for businesses.
The RPO - Recruitment Process Outsourcing attracting more businesses and individuals
Combined with many kinds of HR solutions, the RPO services offer businesses a wide range of services to choose from. The benefits of RPO can be found in a wide range of business areas, from cost reduction to improved strong quality of hire. The main purpose and advantage of an RPO provider cost reduction, scalable model, reduced recruitment time, improve talent pool, etc. By the convenience of one service pack, the RPO has become more attractive nowadays.
Businesses that choose RPO can reach many kinds of HR solutions at one time in the package and do not need to consider many different kinds of recruitment services.
The above are some executive search trends 2020 predicted to be famous in the next few months by Navigos Search based on reliable research and analysis. Hopefully, businesses can rely on these trends to come up with appropriate hiring strategies. In case your business needs to consult more about executive search 2020, please feel free to get in touch with us by filling out the form on the contact page or visit us on floor 20, e.town Central Tower, 11 Doan Van Bo, Ward 12, District 4, Ho Chi Minh.
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