87% of enterprises in Vietnam face challenges in making inheritance plans

Vinh Phú |

On September 18, Robert Walters Professional Recruitment Consulting Group, just released a success report in success: Building a potential successor team for sustainable development. The report shows that 87% of surveyed businesses face challenges, of which 44% do not have a plan, and more than 20% assess the current strategy as ineffective. The report emphasizes the benefits of an effective inheritance plan, from ensuring continuity in leadership, to improving the ability to retain human resources, helping the organization develop.

According to the survey, 37% of surveyed businesses have difficulty transferring knowledge to young employees, 22% said that the next generation is not interested, 16% have difficulty finding replacements for employees about to retire, and 18% are concerned about losing important skills and experience.

Mr. Pham Tuan Phuc, CEO of Robert Walters Vietnam, emphasized: In the context of a constantly changing economy, making a replacement plan is an inevitable requirement. When development resources are limited and promotion opportunities are unclear, businesses need to proactively seek and nurture potential talents through systematic development programs. This both strengthens the next generation of leaders and ensures long-term development potential.

Research shows that culture and operation are affecting estate planning in Vietnam: 67% of businesses prioritize group harmony, 45% focus on graduation and seniority, the remaining 20% admit that family factors influence decision-making. In terms of organization, 59% lack qualified personnel, 55% think the apparatus is too rigid, and 35% face limitations due to the scale or characteristics of the industry.

Vinh Phú
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