Talent Management In High-Tech Industry – A Case Study At eDN Semi- Conductor Company In Vietnam
Talent Management In High-Tech Industry – A Case Study At eDN Semi- Conductor Company In Vietnam Dr. Pi-Yun Chen Dr. Nguyen Quoc Tuan Pham Dinh Cuong 11752302 SD-MBA1 2012 Thesis Proposal Keywords • Semi-conductor Industry in Vietnam • Employee Recruitment • Employee Retention • Talent • Talent Management Outlines 1. Introduction 2. Literature Review 3. Research Methods 4. Concluding Remarks 1.Introduction (1/11) • Research Background (1/7) • Semi-conductor Industry was recognized around 1830s. However the industry has just been in fast development since 1960s when Jack Kilby successfully put several devices fabricated in one Silicon subtract. • It is now widely recognized as a key driver for economic growth, more and more governments have supported financial and encouraged it growing in their country. • According to Gartner’s report, Worldwide Semiconductor Revenue Reached $307 Billion in 2011. 1.Introduction (2/11) • Research Background (2/7) • 65% executives and managers report that they’ve insufficient top talent in the ranks of their top 300 leaders, whereas only 10% say that their companies can retain most of their high performers (Michaels, Handfield-Jones, & Axelrod, 2001; Ready & Conger, 2007). • There are very few individuals within each industry who are considered top human capital (Allen, Bryant, & Vardaman, 2010). Top performers generate a great deal of revenues, profit, and overall success for their company (O’Boyle & Aguinis, 2012). • The company will be lead to the talent war with other companies to (1) retain top talent, (2) hire away top talent from other companies (Fishman, 1998). 1.Introduction (3/11) • Research Background (3/7) • In Vietnam, since 2003, numerous Laws and Decisions related to High-Tech industry have been issued, it shows the effort and target of the government in developing the Industry in Vietnam and realizing the target to be an industrialized country in 2020. • Following the Laws and Decisions, some small Semi- conductor companies had been established and operated by Oversea Vietnamese like Silicon Design Solutions Vietnam, Array Technologies Vietnam. And then big companies and design centers have been established 1.Introduction (4/11) • Research Background (4/7) • October 2004, Renesas Electronic, Inc, a Global Semi- conductor Company established their design center in Vietnam, called Renesas Design Vietnam Co. • August 2005, Integrated Circuit Design Research & Education Center (ICDREC) was established with the purposes are (1) to be a training center for Integrated Circuit Design, (2) to have well research works and articles will be known by national and international scientist, (3) transferring technology by carrying out outsourcing contracts with local and foreign business. 1.Introduction (5/11) • Research Background (5/7) • October 2010 Intel opened a billion-dollar plant in Vietnam, the company's biggest in the world, focusing on testing and assembly expected to create thousands of skilled jobs in high-tech manufacturing and generate significant export revenues for the country. • Beside these big ones, there are such small ones operating in the industry. Most of them are located in Ho Chi Minh City, there are few of them located in Hanoi or Danang City. All these companies are either established by Oversea Vietnamese or subsidiary/design centers of a global company. 1.Introduction (6/11) • Research Background (6/7) • Vietnam Semi-conductor companies • Play key role for the growth of this young industry in Vietnam • Operate under the global management with specific specialization to align with Vietnam’s culture. • Their employees • Domestic Universities, Oversea study or Experts from other countries. • Knowledge levels are also different from bachelor to doctor. • They bring in specialized knowledge and cultures to grow the company • But they also bring in different working styles, expectations and perspectives which lead the firm to be difficult to manage, align and satisfy them to motive their employees. 1.Introduction (7/11) • Research Background (7/7) • Navigos Search, a department of Navigos Group, Ltd did a research on employee’s satisfaction in Vietnam by the first quarter of 2011. • With 4,800 employees of 50 companies in Vietnam • Questions were focusing on key factors to attract and keep excellent employees to stay with the company • The result shows • 76% employees choose good management Team as their 1 st preferring • 75,2% employees choose good working environment as their 2 nd preferring • 71.8% employees choose employee education as their 3 rd preferring • 66,4% employees choose salary and bonus as their 4 th preferring • It shows that the salary and bonus is not the 1 st factor to attract the employees. [...]... Question asking about • Company strategy to attract, recruit and retain employees • The advantage and disadvantage when recruiting and retaining the employees • Purpose • The Managers are responding making and executing the Human Resource’s strategy and policy of the company Asking them to understand current strategy of the company and their disadvantages and advantages when they recruit and retain their... Literature review also shows various definitions for the talent management, however in this research, Talent management is defined as below (Michael, A. , Armstrong’s Handbook of Human Resource Management Practice, 11th, Kogan Page) Talent management is the process of identifying, developing, recruiting and deploying talents.” 3.Research Methods (1/11) • Case study company (1/2) • Case study company. .. study company is a Global Semi -Conductor company The company has head-quarter in USA, and design centers around the world: North America, Europe (England, Spain and Romania), Asia (China, Korea, Singapore and Vietnam) The research will focus on their design center in Vietnam • The company operating can reflect global – local management, multi-levels of engineers, multi-cultures, crossworking between centers…... important for the company to understand key factors impacted to the motivation, performance and expectation of their employees • There are researches on talent management in the world but there is less research on talent management in Vietnam • A research on talent management is to support the company to improve their resource management strategy to attract, recruit and retain the employees 1.Introduction... defined as below based on the CIPD (2007f) Talent consists of those individuals who can make a difference to organizational performance, either through their immediate contribution or in a longer term by demonstrating the highest levels of potential” • The organization leads the talent war with other companies to attract, recruit and retain talented peoples 2.Literature Reviews (5/5) • Talent Management. .. Global Semi -Conductor companies • 3 Research Methods (2/ Case Study Company (2/2) 11) BOD HR Dept Engineering Dept Finance Dept Individual Contributor Digital Dept AMS Dept Team Leader Team Leader Team Leader Project Leader Project Leader Project Leader Engineer Engineer Engineer • AMS: Analog-Mixed Signal • ASIC: Application Specific Integrated Circuit ASIC Dept 3.Research Methods (3/11) • Qualitative... (1/1) Research Objective Literature Review Design Questions Qualitative Research Interview Data Analysis Conclusion & Suggestion 2.Literature Reviews (1/5) • Semi -conductor Industry in Vietnam • The industry has been established around 2000s Around 2000s, Oversea Vietnamese comeback to Vietnam and established small design centers operating on Integrated Circuit designs • Since 2003 to 2010, Vietnam government... strategy of the company to retain its employees A. , According Armstrong’s to Handbook Resource Management strategies should be of Michael, Human Practice, based on the an understanding of the factors that affect whether or not the employees leave or stay 2.Literature Reviews (4/5) • Talent • While doing literature review, there are several definitions for the talent However in this research, the talent. .. Laws and Decisions to encourage investments in High-Tech Industry, including Semi -conductor Industry As the result, large Semi -conductor companies in the world have invested to Vietnam by establishing Design Centers In parallel with that, such small companies also established • Most of the companies are either a subsidiary or design centers of global companies, or they are established by Oversea Vietnamese... by interviewing employees of a semi -conductor company in Danang city, Vietnam • In- depth interview with semi-structured questions 3.Research Methods (4/11) • Interviewed Target: 18 Interviewees representing for all departments and Teams in the company • 3 Human Resource Managers • 3 Team Leaders representing 3 Engineering departments inside the company • 3 Project Leaders representing 3 above departments . Talent Management In High-Tech Industry – A Case Study At eDN Semi- Conductor Company In Vietnam Dr. Pi-Yun Chen Dr. Nguyen Quoc Tuan Pham Dinh Cuong 11752302 SD-MBA1 2012 Thesis Proposal Keywords • Semi -conductor. (5/5) • Talent Management • Literature review also shows various definitions for the talent management, however in this research, Talent management is defined as below (Michael, A. , Armstrong’s Handbook. study company (1/2) • Case study company is a Global Semi -Conductor company. The company has head-quarter in USA, and design centers around the world: North America, Europe (England, Spain and