Salary increases in 2020 lowest in 10 years: survey

Salaries increased by 6.5 percent this year at multinational companies (MNCs) and 5.2 percent at Vietnamese companies, and are forecast to increase by 7 percent and 7.7 percent next year, according to the Talentnet – Mercer Total Remuneration Survey.

Speaking at a webinar held to release the survey on Wednesday, Hoa Nguyễn, the company’s senior principal, human capital solutions, said 14 percent of MNCs and 34 percent of local companies did not increase salaries at all in 2020 due to Covid-19. Talking about recruitment trends in 2021, she said 40 percent of companies plan to add staff next year, 5 percent intends to reduce and 55 percent expect no change.

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