NATIONAL ECONOMICS UNIVERSITY FACULTY OF FOREIGN LANGUAGES DEPARTMENT OF BUSINESS ENGLISH DOAN THI HONG HANH A STUDY ON EMPLOYER BRANDING AND ITS INFLUENCE ON JOB SEEKERS' INTENTIONS TO APPLY TO A JOINT STOCK COMPANY IN HANOI FROM 2019 TO 2022 NATIONAL ECONOMICS UNIVERSITY FACULTY OF FOREIGN LANGUAGES DEPARTMENT OF BUSINESS ENGLISH DOAN THI HONG HANH A STUDY ON EMPLOYER BRANDING AND ITS INFLUENCE ON JOB SEEKERS' INTENTIONS TO APPLY TO A JOINT STOCK COMPANY IN HANOI FROM 2019 TO 2022 Hanoi, April, 2023 Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C ACKNOWLEDGEMENT After a thorough period of studying, I would like to express my sincere appreciation to those who make great contributions to my research. Firstly, I am extremely grateful to the Board of Manager and employees of Vietnam Human Resources Consulting and Training Joint Stock Company for their documents and practical knowledge, which are the suggestions and initial data for this research. Secondly, words cannot express my gratitude to Ass. Pham Thi Thanh Thuy, my supervisor, for her insightful advice and feedback.
Her tremendous support and patience contribute substantially to the success of my research. Thirdly, I am thankful to lecturers at the Faculty of Foreign Languages for providing me with a solid background in both linguistics and economics. My internship and my later professional life benefited greatly from this foundation. Finally, I would also like to thank my family and my close friends, who have encouraged and supported me during this journey.
They are a great source of inspiration and motivation which help me overcome challenges in my personal and academic life. Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C EXECUTIVE SUMMARY Employer branding has become increasingly important in the business sector. Human capital is significant to the expansion and long-term development of organizations, which results in rising competition in human resources in the business world. This has led to an increase in efforts by organizations to improve the procedures for hiring skilled employees.
Almost every organization faces the challenges of attracting and keeping qualified human resources, regardless of the size of an organization. Organizations must differentiate themselves from competitors to find quality talents. Employer branding is one of the factors that has been associated with luring talents. This study's goal 1s to assess the current situation and the influence of employer branding on job applicants' intentions to apply to Vietnam Human Resources Consulting and Training Joint Stock Company.
After establishing a theoretical framework, collecting data, and conducting a research survey by distributing a list of questions to 40 current and former employees of the company, the researcher identified and analyzed seven main employer brand components that have the most impact on attracting potential employees to Vietnam Human Resources Consulting and Training Joint Stock Company. The research results indicate that working atmosphere, development and recognition, and work-life comfort are the three most outstanding components. Conversely, the familiarity and reputation component receives the fewest favorable evaluations. Besides, development and recognition, compensation and benefit, working atmosphere and work-life comfort are the four components that have the biggest impacts on candidates’ intentions.
Based on these findings, it is advised that businesses concentrate on developing the most influential factors to attract more potential candidates. Furthermore, since familiarity and reputation are the factors that most applicants can expose to, they should also be highlighted. Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C TABLE OF CONTENTS ACKNOWLEDGEMENT.cssccsssssssssssssccssssscsssccssccsssssssssccsacsssssscsscssescsssssessese i EXECUTIVE SUMMALRYY. 0000 000804 56 i TABLE OF CONTENT .ccsccsssssscssscssscsssssccsccscssscsscsssscssssscsssccsesssessscsseconess ii LIST OF ABBREVIA TIONNS.
TY 0000096 vi LIST OF TA BILEES.0 00096006 vii LIST OF FIGURES. Research QU€SẨÏOTAS. Scope of the research. Data €OlÏ@C{IOT.- G111 ng HH tệp 6 6.
Structure of the F€S€AAFCHH.00000600 7 CHAPTER 1: INTRODUCTION OF VIET NAM HUMAN RESOURCES CONSULTING AND TRAINING JOINT STOCK COMPANY. Overview of Vietnam Human Resources Consulting and Training Joint Stock COIDAV. Vietnam Human Resources Consulting and Training Joint Stock Company’s Mission, Vision and Core Values. Vietnam Human Resources Consulting and Training Joint Stock Company 01 1asv.
Vietnam Human Resources Consulting and Training Joint Stock Company’s Organizational SfTUCỀUICC. Chief Executive OÍTC€T .-- c1 HS SH vn HH ng rey 12 1. Chief Business Officer. G11 ng HH kg rưn 13 1.
Recruitment specialists, Trainee recruiters, Ínterns.- -- 13 ID VY )yiaadẳi. SH TH HH HH re 14 ii Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C 1. The reality of recruitment activity at Vietnam Human Resources Consulting and Training Joint Stock Company .- - s6 5 1 1011191 9 9v ng ng ng 15 CHAPTER 2: THEORETICAL FRAMEWORK. The importance of employer Dranding.
Intention to apply. The relationship between employer branding and job seekers’ application ÏHIẨ€TIẨÏODNS. Major components of an employer Drand. Compensation and ben€fTfS.
-- --- «+ xxx vn ng nưy 22 2. Task afffaCEIV€TSS. HH HH HH HH HH rh 23 2. Development and recOQNition.
Familiarity and r€DUfafIOII. Họ TH HT 0 0 0.00000004004009 0090 080 25 CHAPTER 3: ANALYSIS AND FINDINGS. The employer branding situation at iHunferr. The situation of each of the components of iHunter’s employer brand 3.
Summary the findings of the employer branding situation at iHunter 38 3. The components of iHunter’s employer brand that have strongest influences on job seekers’ intentions to Apply. The influence of each of the components of iHunter’s employer brand on job seekers’ intentions to Apply. Summary of the findings of the components that have strongest influences on job seekers’ intentions to apply .08940809089489489999889408866 49 CHAPTER 4: RECOMMENDA TIONS.
Development and recognition. Compensation and benefits. Work-life €OITIẨOTFÍ.00900000100918 86 53 11 Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C 4. Familiarity and r€DUfAfÏOIN.
A summary Of the research. Recommendations for further study. 009 00969080806 1V Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C LIST OF ABBREVIATIONS BOD Board of Director CEO Chief Executive Officer CBO Chief Business Officer VI Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C LIST OF TABLES Table 1. iHunter's recruitment situation from 2019 to 2022.
Likert scale question evaluation CTIẨ€T1a. Average scores for the influence degree of employer brand components of iHunter on job seekers’ intentions to apply .:cecesceeseeeeeseeeeeeeeeseeeteeeeeeeees 48 Vil Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C LIST OF FIGURES Figure 1. Vietnam Human Resources Consulting and Training Joint Stock Company’s Dg32101V/2110072183081101)11 0n. Framework for employer brandIng.
The situation of the working atmosphere at 1HunIer. Compensation and benefit situation at 1Hun(€r. Task attractiveness situation at THUD .-- - - 5-55 cs+xecersrxreeree 31 Figure 3. Development and recognition situation at IHunIer.
Application opportunities situation at iHunIer. Work-life comfort situation at 1HUn€Tr. Familiarity and reputation situation at (Hunter. The influence of working atmosphere on applican(s' intentions.
The influence of compensation and benefit on applicants’ intentions 41 Figure 3. The influence of task attractiveness on applicants’ intentions .The influence of development and recognition on applicants’ intentions 43 Figure 3. The influence of application opportunities on applicants’ intentions. The influence of work-life comfort on applicants' intentions.
The influence of familiarity and reputation on applicants’ intentions.47 VI Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C INTRODUCTION 1. Background Enterprises are striving to gain competitive advantages and boost economic profitability in the era of trade liberalization. They must combine a variety of resources to accomplish these goals, and one of the most important resources that determine the success of organizations is its human resource. Nevertheless, in a post-pandemic world, there is tremendous competition for qualified candidates (Ahuja, 2022).
The worldwide pandemic has increased the importance placed on attracting and retaining talent. Employees' goals and priorities have changed as a result of the pandemic which is a global labor shortage and remote working. They have raised their standards for the businesses and occupations they apply for. Competitive pay used to be sufficient to draw top personnel.
However, individuals have become aware that salary is not the primary concern at work (Cave, 2017). These days, they are more concerned with opportunities for promotion, work-life balance, or working environment. A survey conducted by Glassdoor states that before applying for a job, 77% of workers take the business culture into account; The business culture, according to 56% of respondents, is more significant to job satisfaction than salary. According to 63% of the respondents, the corporate culture is one of the primary factors keeping them at their current position.
In Vietnam, foreign companies are boosting their investment, which is intensifying competition on the labor market (Truong, 2020). In fact, the number of skilled applicants is insufficient to meet the demands of businesses. Therefore, businesses must invest a large amount of money in recruitment in order to attract and hire competent candidates with the right skills and capacity for work. In addition, a lot of competent workers frequently change employment by joining a rival organization or launching their own venture.
Having and building an employer brand is therefore a strategic solution that businesses need to concentrate on at a time when competition for human resources is getting more intense and the priorities of applicants change. Rationales Human capital is a crucial force contributing to the success of an organization. Therefore, organizations always strive to attract and retain highly qualified people, the precious resource creating a competitive advantage for them. The term “the war for talent” coined by Chamber et al.
(1998) is used to 1 Đoàn Thị Hồng Hạnh — 11191761 — Business English 61C describe the fierce competition for luring talent. As a result, it is essential for organizations to build employer brands, a key factor to attract the most skillful and suitable employees. Employer brand was described by Amber and Barrow (1996: 187) as “the package of functional, economic and psychological benefits provided by employment, and identified with the employing company”. Highly skilled workers have many options when applying for a job; therefore, employers need to promote their outstanding values which are different from competitors to attract quality talents.
Businesses need to comprehend and meet the expectations of potential employees in order to attract the most qualified applicants. Employer branding is a long-term solution for talent shortage problem, whereas recruitment solves this problem in the short term. A company can increase recruiting flexibility and speed, save recruitment costs, and attract qualified applicants by establishing an efficient employer branding plan. When globalization takes place strongly today, Vietnam has the opportunity to integrate deeply into the global economy.
However, this is also a great challenge in terms of human resources. Due to the rising tide of foreign investment, Vietnamese businesses must compete with foreign businesses and large multinational corporations for talent. In this competition, Vietnam Human Resources Consulting and Training Joint Stock Company (iHunter), where the author has an internship, is also encountering problems in attracting potential staff. Firstly, according to iHunter’s internal records, during the recruitment season, the demand for recruits is high, but there are few suitable applicants.
For example, a candidate may have the required degree or certificate but lack the relevant expertise, abilities, or experience related to the vacancy. Secondly, the challenge for iHunter is to stand out from competing companies. In an era of intense competition, the number of enterprises is increasing. Some applicants might be hesitant to apply because iHunter has fewer years in operation than other companies or because its presence on social media platforms is not high.
Despite having a better working environment, iHunter missed out on prospect candidates because of their subjective assessment of the company. Thirdly, there were candidates who had approved curricula vitae and iHunter scheduled interviews with them; however, these candidates did not attend those interviews. This increased recruitment cost and time and seriously affects projects and operations of iHunter. The recruitment process will be easier if the employer brand is familiar and attractive to potential candidates.