Human

Resource
Management
WS 03
Nguyen Tuan Hung
ID: 10220233
 Contents

01 How the different parts of the hiring process can lead to

greater firm profitability.

The strengths and weaknesses of my company’s hiring

02 process considering the strength of the labor market.
 01
How the different parts of the
hiring process can lead to greater
firm profitability.
 Hiring process

Assessing Personnel Needs

Schooley, S. (2023) Best practices to improve your hiring and recruitment process, Business News
Daily. Available at: https://www.businessnewsdaily.com/7155-startup-hiring-tips.html.

Roberts, Gary, Gary Seldon, and Carlotta Roberts. Human Resources Management. Small Business
Administration, n.d.
 Recruitment

Screening process

Hackman J. R. and Greg R. Oldham, “Motivation through the Design of Work: Test of a Theory,” Organizational Behavior and Human Performance 16, no. 2 (August 1976): 250–79.

Factorial HR (2023) Recruitment and selection (hidden costs): Factorial Blog, Factorial. Available at: https://factorialhr.com/blog/recruitment-and-selection/#recruitment-process-talent-
acquisition-selection
 Roberts, Gary, Gary Seldon, and Carlotta Roberts. Human Resources Management. Small Business Administration, n.d.

Selection process

Orientation
 02
The strengths and weaknesses of my
company’s hiring process considering the
strength of the labor market.
The pharmaceutical industry is always in a state of "thirst" for
human resources.

TQU Media (2022) Vì Sao ngành Dược Luôn Trong Tình Trạng ‘Khát’ nhân lực?, Trường Đại học Tân Trào. Available at:
https://daihoctantrao.edu.vn/thong-tin-tuyen-sinh-khoa-y-duoc/vi-sao-nganh-duoc-luon-trong-tinh-trang-khat-nhan-luc-2969.html
 Human Resources

35% of workers have university and postgraduate degrees

42% of workers have intermediate or college degrees

23% of skilled employees

Labor shortage

Lâm, V. (2020) Luôn Xác định Nguồn Nhân Lực là Nguyên Khí của Doanh Nghiệp, BÁO LAO ĐỘNG. Available at:
https://laodong.vn/cong-doan/luon-xac-dinh-nguon-nhan-luc-la-nguyen-khi-cua-doanh-nghiep-837002.ldo
Advantage: Good remuneration for employees
Income and welfare benefits at Traphaco increase by 5%
annually.

Even in 2020,during Covid 19, the company still ensures that the
average 2020 income of employees increases by 20% over the
same period.

Ensuring rights for female workers, vacation benefits, and giving

gifts to officials who are children of war invalids and martyrs.

Thinh, T. (2022) Traphaco: 50 Năm Cùng SỨ Mệnh Tạo Nên môi Trường làm việc Hạnh Phúc, Báo điện tử Dân Trí. Available at:
https://dantri.com.vn/kinh-doanh/traphaco-50-nam-cung-su-menh-tao-nen-moi-truong-lam-viec-hanh-phuc-
20221208154139788.htm
- Pharmaceutical Industry Demand: Presentation notes

+ Constant need for human resources due to increasing emphasis on healthcare.

+ Growing willingness to pay for quality health services.
- Vietnam's Aging Population:
+ Officially entered aging phase in 2011, projected to reach 26% elderly by 2050.
+ Rapid aging leads to a continuous rise in healthcare demand.
- Human Resource Challenges:
+ Despite increased graduates, pharmaceutical industry faces severe labor shortage.
+ Strong consumer demand exacerbates the scarcity.
- Traphaco's Employee Focus:
+ Restructuring prioritizes a better working environment.
+ 5% annual increase in income and welfare benefits.
+ 20% increase in average employee income in 2020.
+ Continuous enhancements in employee treatment, including special care and support.
Thanks for listening !
https://www.youtube.com/watch?v=aeuY5bUzCp0