Bringing people who quit their jobs or retire early back to the labor market not only helps them have a stable income, but also contributes to the development of the private economic sector.
With the goal of streamlining the apparatus and saving the State budget, a number of civil servants and public employees are encouraged to retire early . However, most of these people are still healthy and have the need to continue working.
In fact, even before Decree 178, many workers boldly switched from the public sector to the private sector to find jobs that better suited their abilities and strengths. Overcoming initial difficulties, many have now succeeded.
As the owner of a bustling beverage shop in the Old Quarter, Ms. Hien, the shop owner, never expected that one day she would switch to a career completely different from her training. After 15 years in the medical field, she decided to quit her job to study beverage mixing and open a shop near her home.
Ms. Phung Minh Hien – Hang Than Street, Hanoi said: “Being exposed to a new job makes me feel more excited, and when I come home I can cook delicious dishes for my children. Now, I feel like I love this job, it’s easy and creative.”
Ms. Huong, who used to be an official at a large ministry, used her knowledge and experience accumulated over many years to enter the private sector labor market when the number of jobs in her agency gradually decreased. Her current income is about 20 times higher than when she worked at her old agency.
Ms. Nguyen Thi Mai Huong – CCE Vietnam Investment and Consulting Joint Stock Company shared: “When working in the State, I was just a link in a whole chain of work. But when moving to private enterprises, I had to take responsibility for most of what I did. I have learned a lot, up to now, I feel like I have experienced new jobs and am not worried”.
Bringing people who have left their jobs or retired early back into the labor market not only helps them have a stable income, but also contributes to the development of the private economic sector, especially building a labor market that is prepared for the aging population.
Prof. Dr. Giang Thanh Long – Hanoi National Economics University commented: “There is no reason for businesses to automatically recruit elderly workers, while there are many younger people in the market who can work many times more than the elderly. In fact, this is a very important stepping stone for us to gradually expand the labor market for the elderly.”
Because the nature of work in the public and private sectors is quite different, retraining is needed to help the workforce who quit early to integrate into the labor market. No matter where they work, the opportunities for workers are the same if they know how to take advantage of and promote their strengths.