Why Top Vietnamese Companies Trust Talentnet for Salary Structure Consulting

Salary structure consulting helps organizations design fair, competitive, and sustainable compensation systems. While some organizations handle developing a salary structure internally, many Vietnamese companies partner with experienced consultants for market alignment and regulatory compliance

Overview of Talentnet’s salary structure consulting

Talentnet’s salary structure consulting service enables companies in Vietnam to establish and maintain effective compensation systems. The service combines international position evaluation methods with market analysis to create structures that align with both company objectives and market standards.

The consulting process specifically addresses compensation needs for Vietnamese and multinational companies, focusing on internal equity and external competitiveness. This approach ensures compliance with local labor regulations while meeting international compensation standards.

Key components of the service

Talentnet’s salary structure consulting follows a systematic five-phase methodology. Each phase builds upon the previous one to create a comprehensive compensation framework. This structured approach ensures organizations receive thorough analysis, practical recommendations, and implementation support throughout the consulting engagement.

Current system review

Talentnet begins by examining the client’s existing compensation practices and policies. This assessment identifies areas requiring adjustment or improvement to meet market standards and organizational goals. Through detailed analysis, consultants evaluate the effectiveness of current practices and their alignment with industry benchmarks.

Position evaluation

The service implements the International Position Evaluation (IPE) methodology, a system widely used across Vietnam and other countries. Consultants provide comprehensive training to company staff on IPE methodology application, ensuring internal teams understand the evaluation process. This systematic approach enables accurate position classification and creates a foundation for fair compensation structures.

Market benchmarking

Market benchmarking forms a critical phase of the consulting process. Talentnet’s comprehensive analysis includes:

• Selection of appropriate market comparison groups based on industry sector
• Analysis of compensation data across comparable organizations
• Development of detailed market position reports for informed decision-making

Structure development

Structure development transforms evaluation and benchmarking insights into actionable compensation frameworks. Talentnet creates new internal grading systems that align with market standards while supporting specific business objectives. These frameworks include practical implementation guidelines that enable HR teams to manage the system effectively.

Ongoing support

Talentnet maintains a long-term partnership approach to salary structure management. Consultants work closely with clients to develop effective salary increase matrices and provide guidance for structure application. Regular market updates ensure compensation systems remain competitive and aligned with industry changes.

Why top Vietnamese companies trust talentnet for salary structure consulting

Top companies in Vietnam select salary structure consulting partners based on specific criteria: market expertise, methodological rigor, and implementation capabilities. Talentnet meets these requirements through six key differentiators that address Vietnamese businesses’ compensation planning needs. 

Proven expertise in the Vietnamese market

With 15+ years of service in Vietnam’s HR sector, Talentnet has completed over 300 successful projects across 17 industries. This extensive portfolio spans local enterprises and multinational corporations, demonstrating the firm’s adaptability to diverse business needs. Talentnet maintains dedicated consulting teams who specialize in Vietnamese labor regulations and compensation practices, serving key sectors including manufacturing, technology, banking, and consumer goods.

Comprehensive and systematic approach

The consulting process integrates market data analysis with practical implementation strategies. Talentnet maintains Vietnam’s largest compensation database, enabling precise market comparisons. This data-driven foundation supports recommendations that align with actual market conditions and regulatory requirements.

Balancing local insights with global standards

Organizations seeking to design pay structure systems must balance global standards with local market conditions. Talentnet applies Mercer’s internationally recognized methodology while adapting solutions to Vietnam’s unique business environment. This ensures that each salary structure consulting engagement delivers frameworks supporting both domestic operations and international business relationships.

Tailored solutions for Vietnamese companies

Each consulting engagement addresses specific organizational requirements and market positioning goals. For manufacturing firms, this might focus on production-based compensation structures. Technology companies receive guidance on competitive packages for specialized technical roles. Financial institutions gain insights into performance-based pay systems that align with banking regulations.

Quality and reliability

Project execution follows strict quality standards with defined milestones and deliverables. Talentnet’s consultants maintain regular communication throughout the engagement, ensuring alignment with client objectives. This systematic approach supports timely implementation of new compensation structures.

Strategic long-term partnership

Beyond initial pay structure in HRM development, Talentnet provides ongoing support for compensation management. Our approach to developing a salary structure includes continuous monitoring of market changes and regulatory updates, helping Vietnamese companies maintain competitive compensation systems as their business needs evolve.

Vietnamese businesses need salary structures that balance market competitiveness with organizational sustainability. Talentnet addresses this through proven methodology, market data, and local expertise. Companies seeking to develop or revise their salary structures can contact Talentnet’s consulting team for specific requirements assessment.