ly ch ‘Se NGUYEN THANH HUYEN SOME MEASURES TO IMPROVE THE SITUATION OF PERSONNEL FLUCTUATION IN TRUONG THANH VIETNAM GROUP JOINT STOCK COMPANY Hanoi, May 2020 NATIONAL ECONOMICS UNIVERSITY FACULTY OF FOREIGN LANGUAGES ENGLISH FOR BUSINESS DEPARTMENT NGUYEN THANH HUYEN SOME MEASURES TO IMPROVE THE SITUATION OF PERSONNEL FLUCTUATION IN TRUONG Supervisor : Pham Thi Quynh Hoa, MA. Hanoi, May 2020 Nguyen Thanh Huyen — 11162433 — Business English 58B ACKNOWLEDGMENTS First and foremost, I would like to express my sincere gratitude to my supervisor, Ms. Pham Thi Quynh Hoa for the continuous support of my research, for her motivation, enthusiasm and immense knowledge. Based on her invaluable guidance, I can carry out and present the research works as clearly as possible.
During the writing of the final report, I received much insightful comments and encouragement from her, thus continuously improving my research. My thanks additionally go to my manager and employees of Truong Thanh Vietnam Group Joint Stock Company, who give me the internship opportunities in their groups and lead me to work on diverse exciting projects. I am extending my thanks to all lecturers of the Faculty of Foreign Language of National Economics University who taught me many valuable lessons. They have assisted a lot throughout the learning process so that I have enough background in both professional knowledge and practical skills to complete the graduation thesis.
Finally, I am extremely grateful to my parents for their love, prayers, caring and sacrifices for educating and preparing me for my future. Besides, my thanks go to all the people who have supported me to complete the research work directly or indirectly. Author, Nguyen Thanh Huyen. Nguyen Thanh Huyen — 11162433 — Business English 58B LIST OF ABBREVIATIONS HR Human Resource HRM Human Resource Management TTVN Truong Thanh VietNam TEG Truong Thanh Real Estate And Construction TTG Truong Thanh Green Technology TTP Truong Thanh Power and High Technology TTJ Truong Thanh Japan TTI Truong Thanh Infrastructure VND Vietnamese Dong Nguyen Thanh Huyen — 11162433 — Business English 58B LIST OF TABLES AND FIGURES LIST OF TABLES Table 1.1: Major revenue of TTVN Group for the period of 2018 - 2019 oo.2: Number of employees at TTVN during the period of 2018 — 2019.1: Personnel structure by #Ø€rIđeT.- <5 11191191 k ng kg ket 16 Table 3.2: Personnel structure by educational ÏeVeÌS.---- ---ssss*++s*sveesseeeeeeres 17 Table 3.
- -- vn ng ng nh kh 30 Table 4.1: Proposed solutions: Developing payroll and bonus for employees. 34 LIST OF FIGURES Figure 1.1: TTWVN Group's Hierarchy 07 2.2: The number of employees of TTVN Group from 2018 to 2019.1: Maslow's Hierarchy of neeS.- - ---- «c1 vn ng 10 Figure 3.1: Personnel structure by Øð€II€T. nen kg 16 Figure 3.2: Personnel structure by job ÏŒV€Ì§.- S3 111 1 ng ng rrg 17 Figure 3.3: Personnel structure Dy aØ©. -- - --- cv ng ng He 18 Figure 3.4: Personnel structure by monthly income levels .5: Personnel structure by S€TOTIẨY.- -- <1 1322111111131 11111 1 8111 ng về 20 Figure 3.6: Survey results of factors "Nature Of WOT”.-c + xxx veeeseeeree 21 Figure 3.7: Survey results of factors "Salary, Bonus, BenefIt”.8: Survey results of factors "Working environment/condiflon”".9: Survey results of factors "Training, coaching, assessment”.10: Survey results of factors "Working relationship” .11: Survey results of factors "Brand and corporate cuÏture”.12: Survey results of factors "Labor retenIOI””.-- --- «<< «scs++sersssees 29 Nguyen Thanh Huyen — 11162433 — Business English 58B EXECUTIVE SUMMARY This research provides an analysis and evaluation of the current situation of personnel fluctuations in Truong Thanh Vietnam Group Joint Stock Company from finding factors of work that affect employee's leaving decisions.
The idea for this topic comes from the fact that the turnover rate of employees in the group has been alarmingly high in the recent 2018 - 2019 period, raising many concerns for the management and Human Resources Department of the group. Therefore, with the analysis and evaluation strategy of the Human Resources Department, the author participated in the research to find out the causes and solutions for this situation of personnel fluctuation. By researching from the online resources and previous studies about the reasons for the employees' leave as well as applying it to the company, the author tends to approach and research this topic. The analysis method is a method of surveying and investigating over 150 samples with job factors affecting the decision to leave the job of TTVN Group employees.
Moreover, the author also takes advantage of the data collected from the Human Resources Department of the company to synthesize and analyze more visually. The results of the initial data collection and analysis show that the existence of a group of factors has a direct impact on employee satisfaction and their decision to quit. The results of the analysis indicate that some of the current factor groups are well controlled and implemented by the company and have a positive impact on employees such as "Nature of work; Working environment/condition; Brand and corporate culture". Besides, other factor groups such as "Salary, bonus, and benefit; Training, coaching, assessment; Working relationships" are facing many problems in the working environment of TTVN Group.
This group of factors has seriously affected employee dissatisfaction, leading to an uncontrolled leaving from work at the company. In general, the analysis results only come from the author's perspective in the process of recognizing and assessing the status of personnel fluctuations of the company. The need for further studies is underpinned by the fact that the results of this report are limited by small survey sample sizes on the total number of employees of TTVN Group. Nguyen Thanh Huyen — 11162433 — Business English 58B TABLE OF CONTENTS ACKNOWLEDGMENTS LIST OF ABBREVIATIONS LIST OF TABLES AND FIGURES EXECUTIVE SUMMARY TABLE OF CONTENTS INTRODUCTTIOÏN.080 1 CHAPTER 1: INTRODUCTION ABOUT TRUONG THANH VIETNAM GROUP JOINT STOCK COMPAINNYY.
Overview of Truong Thanh Vietnam Group Joint Stock Company.- -- - s11 SH nh ky 1 1. Key development milestones. The organizational structure of the COMPANY. LH TH TT và 4 1.
Human Resource Department in Truong Thanh Vietnam Group Joint Stock COMPpaAN. LH ng Họ TT nụ 5 1.- -- 2G 101 ng nh 5 CHAPTER 2: THEORETICAL FRAMEWORK FOR PERSONNEL FLUCTUATION. The definition of Human Resource. Human Resource ManagØ€ITIIIÍ.1 The definition of Human Resource Managemei(.
The importance of Human Resource Management. The function of Human Resource ManagøemeI(. The satisfaction of employee With WOFFK. The definition of satisfaction with WOTK.
The relationship between employee satisfaction and their leaving decision. The definition of Personnel FÏucfuation.------- -- + c< << << <<sszs+cccs 11 Nguyen Thanh Huyen — 11162433 — Business English 58B 2. The effect of personnel flucfUatiOT.-- --- s11 kg vs ke 12 2. Factors influencing personnel fÏucfUat1OII.- - - ---- s55 +ssseeeereesss 13 CHAPTER 3: ANALYSIS AND FINDINGS: FACTORS THAT AFFECT THE SITUATION OF PERSONNEL FLUCTUATION IN THE COMPANY.
Personnel structure in TT VN GTOUDD. Personnel structure by Ø€TIC€T. Personnel structure by education levels. Personnel structure DY aØ©.
Personnel structure by monthly income levels. The seniority of eậDÏOY€€S.-- 11111290111 vn ng key 20 3. Survey results about employee satisfaction with jobs at TTVN Group. Nature Of WOTK.
cọ nọ ng. Salary, Bonus, B€nefT(. Working environmenft/COnđ1fIONI. Training, coaching, aSS€SSITIII.
Brand and corporate CUÏfUIT€.-- «<1 1E vn ng tr 28 3. G1 9g HT nh ng tk 29 3. Human resource T€CTUÏÍITI€TIÍ.080996 31 CHAPTER 4: RECOMMENDATIONS TO IMPROVE THE SITUATION OF PERSONNEL FLUCTUATION IN TRUONG THANH VIETNAM GROUP JOINT kI. For factors of salary, bonus, and benefit at WOrK .2 For leadership ÍACẨOIF.
For training, coaching, assessment factors. Other reCcommenn(AfÏOIIS. Go cỌ Lọ cọ. 1000000100010 0010001000009108080908600080986 42 Nguyen Thanh Huyen — 11162433 — Business English 58B INTRODUCTION 1.
Rationale Since ancient times, people have been considered a decisive factor in all activities. For many countries nowadays, caring about people is not only socially important but also affirmed as a solid and long-term investment strategy for the future. That also happens to businesses, focusing on human resources is one of the factors that help businesses grow and compete in the market. The Human Resources Department is established to take on the role of recruiting, training, and maintaining the employees while building the corporate culture with a unique identity to attract talents.
However, how to build and maintain the company's staff so that they can stay in the orientation of the business, which is always the concern of the leadership and the Human Resources Department. Especially in the context of a competitive economy, there are more and more good opportunities for workers, making them more likely to change jobs. Truong Thanh Vietnam Group Joint Stock Company was operating in this open-market situation so that they realized the importance of taking care of their human resource as well as found out continuous strategies to build their orientation of the business. To ensure the company's employees are satisfied with the working environment and ready to contribute most effectively, the Human Resource Department needs to constantly improve the quality of personnel stably as well as retain talent to stay at the company.
Understanding the urgency of building and devising a strategy to retain quality personnel, from which employees are satisfied with long-term to follow the company's business plan, I chose the topic "Some measures to improve the situation of personnel fluctuation in Truong Thanh Vietnam Group Joint Stock Company" in the situation that the rate of employees leaving the company is very high today. Research Objectives The main objective of the report is to produce associate degree enhanced analysis on an overall unit of time observers of TTVN. This report can reveal the problem of why personnel fluctuation situations are happening with reality respondents from employees at the company. The research builds on the following specific objectives: e Studying the current personnel situation in Truong Thanh Vietnam Group Joint Stock Company.
e Identifying and clarifying the causes as well as factors affecting the personnel fluctuation of the company. Nguyen Thanh Huyen — 11162433 — Business English 58B e Offering some suggestions to improve the rate of personnel fluctuation in the company. Research Questions This study is conducted and analyzed to answer the following questions: e What is the current issue of company personnel? e How does personnel fluctuation affect the result of the company's operation? e@ What should be done to help the company improve the rate of personnel fluctuation? 4. Scope of the study The scope of this study issues on the current personnel fluctuation situation in Truong Thanh Vietnam Group Joint Stock Company.
This study is based on data and analysis from the Human Resource Department, which is accompanied by personal judgment and observation and assessments from the survey on employees here. Research process Literature Review Personnel fluctuation in ————— TTVN Group Theory of Human Resource Management Online Surveys Recommendations q————————]| Analysis and — findings for the situation Figure I: Research Process Source. Data collection The study will be mainly based on some data collected from both primary data and secondary data. First of all, the primary data from the company’s annual personnel report will be collected from the Human Resources Administration Department.
Besides, other companies’ reports data in this field, as well as the research of personnel fluctuation, will Nguyen Thanh Huyen — 11162433 — Business English 58B be collected from the library together with the internet to provide more accurate analysis for this situation. Secondary, formal employees of the company will participate in an online survey assessing their satisfaction with the factors working at the company to get the main data. Based on this survey, participants can give their feedback, their wishes, and suggestions to improve company policies, which helps them be willing to be engaged with work for the long term. e Survey respondents: People who have worked at TTVN Group.
e Sample size: 150 users @ Questionnaire design: There are three main parts.