How to Attract Suitable Employees for Vietnamese Enterprises in Integration Period Based on Lessons from MNC's Policies

Abstract

In the trend of globalization and international economic integration, investing overseas to seek opportunities is an indispensable way to help Vietnamese businesses gain and maintain their positions on both domestic and international markets. However, the integration also means that the risk in the business will increase with the growth of enterprise scale oversea where the business establishes branches or joint-ventures. In order to overcome these challenges, it is necessary to build a human resource that understands international law, quickly adapt to changing global environment and commit heartedly for organization because the struggle between enterprises is competitive in terms of high qualified human resources. The question for Vietnamese enterprises is how to attract suitable employees to meet their organizational goals in the global environment. The attraction of human resources should be chosen in a strategic approach to localization or globalization. This research based on secondary data  addresses the practice of attracting human resources in multinational corporations (MNCs) through six policies including: build and maintain a corporate culture, healthy and professional working environment; create and maintain the reputation of the company; commit to maintaining a balance between work and life; define the clearly career development path for employees; develop and implement a fair and attractive salary, bonus and benefit policy; team of talented and enthusiastic leaders. Then, this paper draws some recommendation for Vietnamese enterprises to attract and sustain human resources meeting job requirements to expand and strengthen their production and business activities in the international market.