A well-known Vietnamese Commercial Bank hired their ‘Head- Digital Banking’ with Laksh at Hanoi, Vietnam.... The search started at a rapid rate and the team closed it successfully with a candidate fitting all must haves & relocating to Vietnam.

There were both positive and negative views from the candidates while sourcing for this role. Some were excited that they would get a chance to build something from scratch for a big entity like VP Bank. Some were excited to work in Vietnam, one of the fastest growing economies in APAC, getting an international platform and then there were a few who were comfortable with the current job, were not willing to switch and turn their entire settlement upside down.

Relocation was one of the major challenges while sourcing for this role. Leaving India and relocating to some other country for a long term project could be an exciting but at the same time utmost challenging task. It becomes tougher when the location is not so familiar or you've heard so much about, unlike the USA, UK and major economies of the West.

Our joining candidate took his time but came back with a positive stance of moving to Vietnam. The second challenge appeared during the Salary negotiation. The candidate was at a very high CTC as per the market and a hike of mere 20-22 % was definitely not exciting for him. He turned down, we renegotiated, and he agreed on a 40 % hike + Expat Benefits + Retention Benefits.

The client has applauded team’s efforts and they believe that joining candidate’s experience and capabilities shall help them in building digital capabilities, driving digital penetration and towards creating some really competitive products in Vietnam.

The team had worked tirelessly for the mandate, sourced creatively and kept up transparency to both client and candidate, as goes the standard practice at Laksh.