The current talent management situation in enterprises: A case study of enterprises in Ho Chi Minh City, Vietnam

Nowadays, globalization and the increasing complexity of business operations have made competition for the best talent increasingly fierce among businesses. As a result, most companies are experiencing a shortage of top talent as well as stiff competition to attract talent. Relevant studies in Vietnam as well as in the world are few and inconsistent, especially regarding the current situation of talent management. This study uses a qualitative method by collecting data from 70 randomly selected employees working at HR departments through online questionnaires, combined with in-depth interviews with eight HR experts who are heads of HR departments, to ensure their knowledge and the implementation status of talent management programs in enterprises. The results show that talent management is currently ineffective in Vietnamese enterprises. On the other hand, knowledge about talent and talent management is a key factor affecting the implementation of talent management in businesses. This study also proposes solutions to promote talent management knowledge and raise awareness in businesses to adjust talent management programs, especially for heads of departments and human resource management departments.