Have a look at Building A Rewarding Culture for Tech-driven Companies, an event organized by JobHopin on April 1st, 2021. This event successfully attracted more than 700+ subscribers, 150+ senior-level attendees and 2,500+ livestream views.
Event Highlights:
➤ Interactive recruitment method from Ms. Thai Van Linh
➤ Recognize & Reward the right people at the right time
➤ How to resolve cultural conflict between current and new employees
Recognize the importance of company culture
The event started with Ms. Thai Van Linh’s sharing on shaping company culture. First off, company culture is the face of an enterprise. When invested seriously, company culture not only brings profits, but also brings positive values to the success of the business.
So how do startups that lack financial resources can form an effective company culture? According to Ms. Linh, “When there is no financial strength, what startups do to form culture is create a positive environment for employees to develop their careers.”
A business without an attractive culture will not be able to retain talent. Over time, this lack of culture will lead to failure. Culture is an intangible asset and requires serious investment from leadership at an early stage. Yet, the number of Vietnamese enterprises that seriously invest in this topic is still limited.
To specify a solution to this puzzle, she suggested that companies should start practising an interactive recruitment method. She explained in detail: “The HR department at TVL Group usually spends more than an hour and a half to discuss with candidates on company policies such as overtime when needed, tackling work together, etc. Thus, this gives candidates a chance to consider whether these requirements are suitable for them before making their decision.”
For growing startups, the journey to finding the right culture is a huge challenge. Employees come and go as your startup grows. The cultural conflict between the current and new employees is certain.
Mr. John Le, leader of the real-estate technology startup Propzy, shared: “You have to break it very early. In order to win the long term battle, the whole team must come together. Every time you go through a doubling of an organization, it will be hard to maintain the colour of that culture. As the leader you should be able to set the tone at the top and set it all the way through to the middle, that middle is going to help you connect to the bottom.”
Design a policy of recognize & reward in the 4.0 era
Every year, global organizations spend an average of $46 billions on building recognize & reward policies. Not only does this type of policy increase the employee’s engagement with the company by 14%, but it also helps to increase employees’ productivity significantly.
In charge of managing partnerships at a technology corporation, Ms. Florence Trang Le, Head of Business Relations at FPT Software shared: “Instead of confronting their employees, firms should take advantage of technology in reward and recognition processes. At FPT, we use myFPT to measure and track employee productivity. MyFPT has helped shorten the gap between leaders and employees and encouraged employees to form positive actions such as working early, cost-saving, and recognizing the right people at the right time.”
Despite bringing positive values to businesses, there are many reasons why it is difficult to form an effective recognize & reward policy. Employees tend to love rewards but are afraid to take criticism. Especially with high-level personnel, taking criticism is even more difficult.
From a leadership perspective, Mr. Ngo Manh Cuong – CEO of FPT Online added: “Reward and criticism is a daily duty. However, leaders need to praise the right people at the right time to avoid causing internal conflict. In order to provide constructive feedback, leaders should act professionally and [prioritize remedial measures]. Unlike rewards, criticism should be discussed privately, preferably in one-to-one meetings.”
Behind the success of any large or small business is the dedication of its employees. At the end of the day, an effective reward policy will help your business engage and retain talents.
In addition, JobHopin would like to send our most sincere appreciation to Zion Sky Lounge & Dining and the event crew. Located in a superb location with a unique architectural and 360-degree breathtaking view of Ho Chi Minh city, Zion Sky Lounge & Dining is the most luxurious and unique nightlife venue in Sai Gon.
Zion Sky Lounge & Dining pursue perfection in creating a one-of-a-life time experience of fine dining, music, and special occasions. The indulgent taste of refined cocktails or wines would bring you the most exceptional feeling and sublimation. After golden hours, it is the moment of light and music perfectly blending together. The mixture of lighting and music rhythm altogether creates an absolutely astonishing space.
The combination of Asian and European flavours create the most bizarre fusion, which is made by top chefs and bartenders, promising to conquer even the most fastidious guests. We believe that we have fulfilled your satisfaction while joining JobHopin’s event at Zion Sky Lounge & Dining.
About JobHopin
JobHopin is the #1 AI-powered platform for job and talent market intelligence in Vietnam. Launched in 2016, after more than four years of development, JobHopin’s AI/ML technology is now capable of collecting and analyzing data from thousands of online job boards to bring you the most up-to-date market intelligence.
With the ability to screen over 50,000 CVs/day, JobHopin offers recruitment solutions for 4,000+ businesses across the country. Trusted as a reliable job search site, JobHopin has helped over 1.9 million users find their dream jobs faster and easier with AI.
Stay connected for our upcoming event here!
JobHopin Team