The Impact of Labor Force Changes on Human Resource Management Activities in Vietnam

Abstract

Vietnam is facing the population aging trend, which has a direct impact on the aging labor force. That leads to change in human resource activities to create and sustain the human resource to meet the organization's goals. The question is that how the organization find appropriate ways to implement human resource management activities to adapt to the new situation. This research is about evaluating the impact of changes in labor force on human resource management in Vietnam based on statistical data and opinion of staffs of human resource departments of two organizations such as Pioneer Company and National Economic University. Based on analysis, we point out problems which bring threats to human resource management in Vietnamese organizations including acquiring and staffing (human resource planning, job analysis and design, recruitment and selection, staffing), training and development, maintaining (performance evaluation, compensation, creating motivation, labor safety) suitable employees meeting their objectives in new circumstances. Then, this paper draws some recommendations for Vietnamese organizations to solve these problems effectively to sustain their positions in the national and international markets.

Does macroeconomic stability promote economic growth? Some econometric evidence from SAARC countries

“…Clark et al (1999) and Lai and Yip (2022) found adverse relationship between labor force and economic development. On the other hand, Cung and Hung (2020) found that by boosting productivity, the work force boosts economic growth. Arguing similar, this study incorporates labor force to examine its impact on the economic growth.…”