March 18, 2015 – Ho Chi Minh City
March 20, 2015 – Hanoi

Towers Watson Vietnam unveiled findings from its 2015 Flash Survey, highlighting rewards, benefits and HR trends, in seminars held on March 18, 2015 in Ho Chi Minh City and March 20, 2015 in Hanoi. Towers Watson also announced the launch of its 2015 Total Rewards Survey.

Over 150 attendees comprising HR leaders, HR professionals, business leaders and general managers from leading companies in Vietnam participated in these events.

Key Takeaways

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Trang Vu – Global Data Services Manager, Towers Watson Vietnam

2015 Vietnam Flash Survey Results by Trang Vu, Global Data Services Manager, Towers Watson Vietnam

  • More than 70% of the survey participants remained upbeat about the business outlook for 2015, projecting increase in their business revenues
  • Talent attraction and retention ranks as the number one HR challenge and companies need to take a look at their total rewards programme to stay competitive
  • Nearly 90% of respondents plan to control costs in HR activities including Learning & Development, Compensation, Recruitment and Benefits
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Chris Mayes – Director, Benefits Optimisation Consulting, Towers Watson Asia Pacific

2015 Asia Pacific Benefit Trends Survey Findings by Chris Mayes, Director, Benefits Optimisation Consulting, Towers Watson Asia Pacific

The Asia Pacific Benefit Trends survey was conducted with 1,145 participants across 20 countries in the region including 76 companies from Vietnam.

  • 67% of respondents in Vietnam have a documented long term benefits strategy
  • Only 8% of respondents in Vietnam will provide employees Flexible Benefits in 2015
  • 61% of respondents in Asia Pacific say flexible benefits programs successfully promote employee understanding and appreciation of their benefits
  • Across Asia Pacific, the survey findings show that an increase in spend does not necessarily correlate with an increase in the perceived value of benefits
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Mark Whatley – Director, Benefits, Towers Watson South East Asia

The need to plan for retirement by Mark Whatley, Director, Benefits, Towers Watson South East Asia

  • Whilst Vietnam has an aging population and its people are living longer, only 22% of respondents in a survey by Towers Watson Vietnam in 2014 thought that they have enough saving for their retirement
  • A very small percentage (3%) of respondents implement a supplementary retirement plan and 42% have no interest in new voluntary pension products
  • Employees need help to help themselves and therefore employers play a key role in supporting them to save and plan for their retirement
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Huynh Thu Huong – General Director, Towers Watson Vietnam