Payment and Reward Systems of Bank for Investment and Development of

Vietnam

BIDV is a leading experienced bank offering a full range of modern banking

products and utilities.

*With 180 facilities and 798 network points in Vietnam

*More than 24,000 officers and staff as the financial consultants are trained,
experienced accrued
.Integrate their reward strategies with broader business
strategies or people
.Good approaches to reward link organizational aims with
practices that will deliver the right result
- be it staff motivation
- cost management
- market alignment.

Payment:
Contract status BIDV: When you started work for BIDV, you will be tested for 2
months.
Then there will be a general test for new employees based on:
. Regulatory documents: Employees must keep track of paperwork
.Transaction style: work with the customer must be fast, complete the procedures
properly and complete
. Appearance: wearing uniforms and always smiling, must provide customers with
a high service
.Ethical standards: treat the customer with respect and fairness
The salary of 2 probationary months: 6,500,000 - 7,500,000 VND
=>
If the test fails: do 2 more months to test again
Pass: Sign the contract for 1 year or 3 years
Test criteria: for new staff
Light phase:
Successfully marketing a business on 1 the Visa card; 03 ATM cards

Strong development phase:

Open 20-30 ATM accounts, 5 corporate accounts, Introduce customers with a loan
of 10 billion. Mobilizing the total from individuals and businesses to 30 billion.
 Then u will have official salary: 9-10 million or 10-12 million depending on
the different facilities
Reward: Intrinsic
Based on the business results of the bank, the staff rankings with good
performance
.3 big holidays in the year reward 5-10tr,
.middle of the year is rewarded 15-20tr,
.end of the year is rewarded 30-50tr
 Roadmap for salary increase based on performance evaluation. Completion
of tasks every 3 months. Once completed, you will be rewarded with 1-2
months' salary (if you are an expert)

BIDV are particularly interested to see how reward levels are distributed in
terms of employee engagement and employee benefits in terms of equity,
opportunity, and needs.
• Performance
• Effort
• Seniority
• Skills held
• Job difficulty
• Discretionary time

Bổ sung:
According to a survey:
18% of respondents receive 3-5 months salary per year
7% receive 5-7 months salary.
Only 5% of employees said they received bonuses above 7 months salary
each year.
( được thưởng nếu làm tốt những điều kiện nêu bên trên )

Despite the high income and cyclical bonuses, many of the employees who
can not bear the pressure will quit.
More than half of the surveyed banks said that on average more than 10% of
their employees quit their jobs each year.
Most bank employees involved in the survey also said they felt stress and
pressure at different levels, only 8% satisfied with the current job.
 The common cause of stress in the banking sector is the high volume of
work and the high turnover pressure.