From Benefits to Culture: What Today’s Top Talent Really Wants

Population aging is a critical challenge across Southeast Asia, though the speed and scale of this phenomenon vary among countries. Vietnam, with one of the fastest aging rates globally, is expected to see 14% of its population aged 65 and above by 2036. This rapid shift, termed a "silver tsunami", is mirrored in nations like Thailand and Singapore, albeit with unique national dynamics. 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 While aging is a shared challenge across Southeast Asia, Vietnam is positioned uniquely to harness this trend for positive change: • 𝗩𝗶𝗲𝘁𝗻𝗮𝗺: By 2036, 20% of our population will be aged 60+, transitioning us to an "aged society". Though fast, this growth reflects a maturing workforce and society ready for innovation. • 𝗧𝗵𝗮𝗶𝗹𝗮𝗻𝗱: Already facing similar challenges, 22.8% of Thailand’s population will be elderly by 2035. Healthcare costs and workforce declines loom larger for our neighbor. • 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲: With 26.6% of its population expected to be 65+ by 2035, Singapore faces one of the steepest aging curves globally. While its advanced systems set benchmarks, maintaining economic vibrancy remains a challenge. • 𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮: Aging at a slower pace, Malaysia's aging population is projected to reach 15% by 2040. Their gradual demographic shift offers time for preparation, but also less urgency to innovate. 𝗧𝗵𝗲 𝗕𝗶𝗿𝘁𝗵 𝗥𝗮𝘁𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 Vietnam’s birth rate, at 2.01 children per woman, is close to the replacement level of 2.1. This places Vietnam in a stronger position compared to other Southeast Asian countries, such as: • 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲: 1.2 children per woman, one of the lowest globally, creating significant long-term workforce challenges. • 𝗧𝗵𝗮𝗶𝗹𝗮𝗻𝗱: 1.5 children per woman, indicating a sharper population decline. 𝗧𝘂𝗿𝗻𝗶𝗻𝗴 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗜𝗻𝘁𝗼 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 • Harnessing Experience: Older generations hold invaluable expertise and wisdom. Vietnam can lead in creating opportunities for older adults to contribute to society through flexible work and mentorship programs. • 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗘𝗹𝗱𝗲𝗿𝗰𝗮𝗿𝗲: With an increasing demand for healthcare, Vietnam has the chance to position itself as a leader in telemedicine, health technology, and elder-friendly infrastructure. • 𝗦𝘁𝗿𝗼𝗻𝗴 𝗖𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗙𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻: Vietnam’s tradition of multigenerational living ensures that our elders are cared for while contributing meaningfully to family and community life. From Benefits to Culture: What Today’s Top Talent Really Wants
From Benefits to Culture: What Today’s Top Talent Really Wants

The expectations of today’s workforce have shifted dramatically, with top talent now prioritising more than just salary and traditional benefits. Flexibility, culture and career development opportunities have become essential factors for employees when considering a job.

The New Priorities of Top Talent

1. Flexibility

Workplace flexibility is no longer a luxury—it’s a necessity. According to a LinkedIn 2023 Report, 76% of employees now consider flexible work arrangements to be one of their top priorities when evaluating job offers. The rise of remote and hybrid work options during the pandemic has permanently shifted employee expectations. Employees value the autonomy that comes with flexibility, as it allows them to maintain a better work-life balance.

Example of Success: Companies like Spotify have adopted a ‘Work From Anywhere’ model, which allows employees to choose between working from the office, remotely or a combination of both. This flexibility has not only improved employee satisfaction but also expanded their talent pool globally.

2. Inclusive Culture

Today’s workforce is more diverse than ever and employees expect their workplaces to reflect that diversity. A positive, inclusive culture is a major draw for top talent. A report by McKinsey revealed that 82% of employees consider a company’s diversity and inclusion efforts when deciding whether to accept a job offer. Organisations that foster a sense of belonging and promote diversity, equity and inclusion (DEI) are more likely to attract and retain top talent.

Example of Success: Tech company Salesforce has made significant strides in promoting diversity and inclusion. The company’s commitment to equal pay, DEI programmes and focus on ensuring equal opportunities and representation across all levels of the company, has made Salesforce one of the most desirable places to work for top talent.

3. Career Growth and Development Opportunities

Employees, especially high-performers, are increasingly looking for opportunities to grow within an organisation. A LinkedIn report shows that 94% of employees would stay longer at a company if it invested in their career development. Offering mentorship programmes, leadership development routes and clear paths for career progression, demonstrates that your company values its employees’ long-term success.

Example of Success: Google’s Career Development Programme provides employees with resources for continuous learning, including mentorship, online courses and leadership training. This focus on employee growth has contributed to Google’s reputation as one of the best places to work.

Tips for Employers

• Offer Flexible Work Models: Implement flexible work policies, such as remote work options or hybrid models, to attract talent who value autonomy and work-life balance.
• Foster an Inclusive Culture: Create and promote DEI programmes that ensure all employees feel valued and included, regardless of their background.
• Invest in Career Development: Provide mentorship opportunities, leadership training and career advancement pathways to ensure employees can grow within the organisation.

Conclusion

Today’s top talent wants more than just a pay cheque—they’re looking for flexibility, a supportive and inclusive culture, and opportunities for growth. Employers who adapt to these evolving expectations will be better positioned to attract and retain the best in the industry.

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