Global analysis combines data and expert insights to help companies identify the workforce potential
The Total Workforce Index™ analyzes more than 100 factors to evaluate skills availability, cost efficiency and workforce productivity in 76 countries and territories.
Discover Vietnam's Total Workforce Index Full Infographic here.
Vietnam, 19 December 2019 – The Total Workforce Index™ 2019 (TWI 2019) of ManpowerGroup, a global workforce solutions company, reveals Vietnam ranks 57th across the globe in 2019 (versus 43rd in 2018) and 13th across the Asia Pacific region this year (versus 12th in 2018) for sourcing, hiring and retaining workforce skills.
According to TWI 2019, the Average Monthly Wage of Vietnamese workforce is about 242 USD per month and Manufacturing Wages is 238 USD per month as compared to Regional Average 1,801 USD per month.
Notably, Vietnamese highly skilled workforce in 2019 makes up 11.6% of the local total workforce 57.5 million, an increase from 10.8% in 2018. The Vietnamese permanent workforce accounts for 41% while the local contingent workforce accounts for 57% of Vietnamese total workforce.
The Total Workforce Index™ is the only index of its kind that analyzes over 100 factors across 76 markets for a comprehensive and comparative view of four key factors: Workforce Availability, Cost Efficiency, Workforce Productivity and Regulation. As the competitive, economic and regulatory landscapes continue to shift at rapid pace, the Total Workforce Index™ has evolved to provide insights into the availability of the best, diverse talent and in-demand skills in each market, while incorporating the ease of skilled talent migration and tax policy factors.
“In an increasingly complex global market, access to skilled talent is a priority for organizations looking to build or grow their business,” Simon Matthews, Country Manager, ManpowerGroup Vietnam, Thailand and The Middle East shared: “Whether the priority is a specific tech skilled workforce or setting up a remote work hub, we can use the index to provide companies with data that helps them to make better and faster strategic decisions. Through the combination of data and expert analysis, organizations can ensure their workforce and business strategies work as one.”
Organizations can customize and adapt the Total Workforce Index™ to include the factors most relevant to them to help solve their pressing workforce challenges. TWI can provide answers to questions from the broad to the specific from “Where can I find skilled workers as my organization moves to automated processes?” to “Where should we put our next call center?”
According to TWI 2019, Singapore, Hong Kong and New Zealand are the top three markets for business development in the APAC region and globally. Hong Kong and Singapore rank highly for larger talent pools and support of flexible working conditions versus markets with new tax policies and labor laws.
View the full Total Workforce Index™ 2019 report at https://www.manpowergroupsolutions.com/twi for the full rankings on markets most favorable to conduct business.
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of Fortune's Most Admired Companies for the seventeenth year and one of the World's Most Ethical Companies for the tenth year, confirming our position as the most trusted brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.