Under the unusual circumstances like Covid-19, those well-planned solutions to keep the business going normally can work in reality – but only with the help of technology. To bounce back after Covid-19 successfully, business leaders not only update the information of labour market and legal issue but also catch up with the latest technology as a lesson to apply after the pandemic.
On July 15th, Navigos Search, in partnership with EuroCham organized a business luncheon with the topic of "Bouncing Back After Covid-19 & The Role Of Technology", which discusses on:
After the challenging period of the pandemic, Navigos Search – the leading executive search firm in Vietnam has realized the changes in recruitment requirements from the client-side. They would highly appreciate the candidates with transferrable skills and creative mindset to adapt to the changes of market.
To identify top 3 concerns of businesses during Covid-19, Ms. Mai Nguyen – Managing Director at Navigos Search pointed out:
- Prolonged global recession – 66%
- Bankruptcies and consolidation – 53%
- Slow recovery in major markets – 50%
Source: World Economic Forum
Fortunately, we received a positive sign from the job market - there is a slight increase in the number of job orders of Navigos Search from May 2020 after a significant drop from March.
Mr. Thomas Mcclelland - Country Tax Manager at Deloitte Vietnam continually presented about PIT, social insurance & immigration updates, which caught a lot of attention of businesses during Covid-19. Because Vietnam has suspended the entry of all foreigners from March 22 until further notice to limit the spread of COVID-19, many expat experts & candidates need to seek approval for entry.
With the strong foundation in immigration, Deloitte representatives pointed out the detailed instruction to support businesses, who were having their employees stranded abroad.
Last but not least, it is vital for leaders to stay ahead and quickly take action to apply innovative TECHNOLOGY to ensure day-to-day business continuation. Over the past few months, we have seen how digital technology helps in the fight against coronavirus also supports businesses to survive through this tough period.
On behalf of the technology side, Mr. Tri Vu - Vice President at VNG Cloud showed the best practices of his company to lead through the pandemic time. Furthermore, how to apply technology to help your businesses bounce back after Covid-19 was also the main point in his presentation.
Closing the event with Q&A section, the audience shared about their situations also came up with many interesting questions about immigration, future talent generation, and technology application. Ms. Mai also emphasized the strategy in talent management that businesses could consider focusing in the second half of 2020.