Using labor at Luxdecor Vietnam Joint Stock Company - 1

UNION UNIVERSITY

LE THI HUONG

USE OF LABOR AT LUXDECOR VIETNAM JOINT STOCK COMPANY

MASTER OF BUSINESS ADMINISTRATION THESIS

CODE: 8340101

SCIENTIFIC INSTRUCTOR: DR. PHAM THI LIEN

HANOI, 2021

COMMITMENT

I hereby certify that the Master's thesis "Employment at Luxdecor Vietnam Joint Stock Company" is an independent research work conducted by the author under the guidance of Dr. Pham Thi Lien. The thesis has not been published in any research work. The data and content presented in the thesis are honest, have clear origin, are valid and ensure compliance with regulations on intellectual property protection.

I am responsible for the entire content of this master's thesis.

Thesis author

Le Thi Huong

ACKNOWLEDGEMENTS

First of all, I would like to express my deep gratitude to my scientific supervisor - Dr. Pham Thi Lien, Trade Union University for her dedicated guidance, encouragement, support and help with knowledge, documents and research methods to complete my thesis.

I would also like to express my deep gratitude to the Trade Union University for always enthusiastically supporting me during my time studying and researching at the school.

Finally, I would like to sincerely thank my family, friends and colleagues for their encouragement and support during the time I was writing this thesis.

Thank you very much!

INDEX

Commitment Acknowledgements Table of Contents

List of abbreviations

List of tables, charts, diagrams

INTRODUCTION 1

1. Urgency of the topic 1

2. Overview of research situation 2

3. Research purpose and tasks 5

4. Research object and scope 5

5. Research methods 5

6. New contributions of topic 6

7. Structure of the thesis 6

Chapter 1. THEORY ON LABOR USE IN ENTERPRISES 7 1.1. Some related concepts 7

1.1.1. Labor 7

1.1.2. Use of labor 8

1.1.3. Labor efficiency 9

1.1.4. Improve labor efficiency 10

1.2. Content of labor use in enterprises 12

1.2.1. Division of labor and labor cooperation 14

1.2.2. Organization of workplace services for employees 18

1.2.3. Building and using labor norms 18

1.2.4. Training and development 19

1.2.5. Creating labor motivation 20

1.2.6. Labor safety and labor protection 23

1.2.7. Labor discipline and material responsibility 24

1.3. Criteria for evaluating labor utilization results in enterprises 26

1.3.1. Labor productivity index 27

1.3.2. Average profit margin of labor 27

1.3.3. Salary performance index 28

1.3.4. Reasonableness of working standards and conditions 28

1.3.5. Reasonable division of labor 29

1.3.6. Use of working time 29

1.4. Some factors affecting labor use in enterprises 30

1.4.1. Internal factors of the enterprise 30

1.4.2. External factors of the enterprise 31

1.5. Experience in labor use of some enterprises and lessons learned 34

1.5.1. Experience of some companies 34

1.5.2. Lessons learned for LuxDecor Vietnam Joint Stock Company 40

Chapter 1 Summary 42

Chapter 2. CURRENT STATUS OF LABOR USE AT LUXDECOR VIETNAM JOINT STOCK COMPANY 43

2.1. General introduction of LuxDecor Vietnam Joint Stock Company 43

2.1.1. Formation and development process 43

2.1.2. Some characteristics of the company affect the use of labor 45

2.2. Analysis of the current situation of labor use at Luxdecor Vietnam Joint Stock Company 56

2.2.1. Current status of division of labor and labor cooperation 56

2.2.2. Current status of workplace service organization for employees 61

2.2.3. Current status of construction and use of labor norms 64

2.2.4. Current status of labor training and development 69

2.2.5. Current status of employee motivation 73

2.2.6. Current status of labor safety and labor protection 83

2.2.7. Current status of labor discipline work 84

2.3. Evaluation of labor utilization results at Luxdecor Vietnam Joint Stock Company 85

2.3.1. Results achieved 85

2.3.2. Some limitations 90

Chapter 2 Summary 92

Chapter 3. SOLUTIONS FOR EFFECTIVE LABOR USE OF LUXDECOR VIETNAM JOINT STOCK COMPANY 93

3.1. Goals and directions for improving labor efficiency at Luxdecor Vietnam Joint Stock Company 93

3.1.1. Target 95

3.1.2. Direction 97

3.2. Some solutions to improve labor efficiency at Luxdecor Vietnam Joint Stock Company 98

3.2.1. Creating synchronization in management work 98

3.2.2. Perfecting labor training 99

3.2.3. Modernizing production technology 101

3.2.4. Proactive source of raw materials, fuel and auxiliary materials 103

3.2.5. Creating conditions for workers to improve productivity 105

3.2.6. Improving management effectiveness in enterprises 108

3.2.7. Ensure employment, implement more reasonable wages, bonuses and benefits 109

Chapter 3 Summary 117

CONCLUSION 118

LIST OF REFERENCES 1

LIST OF ABBREVIATIONS

STT

Acronym	Content
1.	DN	Business
2.	employee	Workers
3.	NNL	Human resources
4.	Labor	Labor
5.	Production and business	Production and business
6.	Production	Manufacture

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LIST OF TABLES AND DIAGRAM

Board

Table 2.1. Company's labor structure by age in the period 2017-2019 49

Table 2.2: Labor structure classified by professional level 50

Table 2.3. Data on training and development activities of Luxdecor Vietnam Joint Stock Company's employees in the years 2017-2019 73

Table 2.4. Salary coefficient regulations of Luxdecor Vietnam Joint Stock Company 75

Table 2.5. Average salary and income of employees in the period 2017-2019.75 Table 2.6. Summary of survey results on salary assessment in 2019.76

Table 2.7. Some welfare levels according to the company's regulations, implemented in 2019 80

Table 2.8. Evaluation of relationships within the collective of Luxdecor Vietnam Joint Stock Company 81

Table 2.9. Average labor productivity in the period 2017-2019 85

Table 2.10. Average profitability of labor 87

Table 2.11. Salary performance at Luxdecor Vietnam 88

Diagram:

Diagram 2.1. Product manufacturing process of Luxdecor Vietnam Company 47

Diagram 2.2. Organizational structure of Luxdecor Vietnam Joint Stock Company 52

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