The latest report from Anphabe's survey of the best workplaces in Vietnam shows that 74% of workers said their current income is not enough to meet essential needs.
According to Anphabe's report, the happiness index of Vietnamese human resources is at its lowest level in the past 5 years, with only 49% of employees feeling positive about work and life. In particular, two important factors related to work joy and desire to stay with the company decreased to 39% and 43%, respectively.
The main reason was determined to be financial pressure. In the context of escalating prices and not yet increasing income commensurately, accumulating to own large assets such as housing becomes a big challenge. More than half of the employees feel that their current salary is unfair, forcing many to do freelance work or seek financial support from their families.
According to Ms. Thanh Nguyen - CEO of Anphabe, the group of personnel with poor financial health is 4 times more likely to intend to quit their job than other groups. Even employees who are happy with their current job are willing to change jobs if they receive better treatment.
Ms. Thanh emphasized that "financial safety" is an important factor because it is a sense of confidence that workers can deal with any unexpected incident without falling into crisis.
On the business side, to retain employees and improve happiness index, experts recommend that businesses need to understand and support employees in solving financial problems.
Ms. Thanh Nguyen proposed solutions that businesses can consider implementing:
Increase benefits: Including extended insurance, family insurance, in-depth health check-ups, and loan support.
Ensure fairness in the salary and bonus regime: Increase your salary periodically and provide flexible benefits such as gym cards, food incentives, or extra days off.
Support financial education: Organize online courses, encourage employees to self-study to improve personal financial management skills.
