ICPT.HUST – International conference on human resources for sustainable development

https://icpt.hust.edu.vn

ICPT.HUST 2023 - 48

SUSTAINABLE HUMAN RESOURCE MANAGEMENT IN FAMILY COMPANIES IN VIETNAM: PRACTICE AND SOME IMPLICATIONS
Nguyen Thi Thanh Dan (School of Economics and Management, HUST); Nguyen Van Thinh (School of Economics and Management, HUST); Trieu Mai Nuong (School of Economics and Management, HUST); Pham Ngoc Tho (School of Economics and Management, HUST)
doi.org/10.51316/icpt.hust.2023.48

Abstract
As the core content of corporate governance, sustainable human resource management is valued by managers to achieve the related purposes of ensuring the safety and sustainable development of corporate assets, especially for family businesses. The level of sustainable human resource management of the family business will directly influence the management level of the family business, even becoming a key indicator to measure the prosperity and decline of the family business. From this point of view, the article is mainly based on human resource management experiences in family businesses in the world, assesses the current situation of human resource management in family businesses in Vietnam, and clarifies specific causes of human resource management issues and the main challenges for sustainable human resource management in family businesses in Vietnam, and on that basis, some suitable solutions are proposed to optimize the level of human resources management of family businesses in Vietnam.
Research purpose:
The goal of the research is to analyze human resource management experiences in family businesses around the world, evaluate the current situation of human resource management in family businesses in Vietnam, and clarify the specific causes of the problem. Human resource management issues and main challenges for sustainable human resource management in our country. family businesses in Vietnam, on that basis, propose some appropriate solutions to optimize the human resources management level of family businesses in Vietnam.
Research motivation:
The research motivation is to promote better and sustainable inheritance and development of Vietnamese family businesses. It is necessary to strengthen the research on human resource management issues of Vietnamese family businesses based on the specific reality of Vietnam's economic environment.
Research design, approach, and method:
The study approaches from the perspective of a general assessment of the human resource situation in family businesses around the world, to analyse the actual situation and challenges in sustainable human resource management in family businesses in Vietnam. Through secondary data analysis, synthesize and draw out important points that need attention in the process of sustainable human resource management in family businesses in Vietnam. This study is a meaningful premise for future experimental research.
Main findings:
The study analysed and pointed out some limitations of human resource management in family businesses in Vietnam, which are that the human resource policy system is not clearly defined and ineffective use of human resource functions. efforts through a professional approach to become a more sustainable company, not paying enough attention to employees other than family members, and not establishing professional human resources departments in organizations. organizations to effectively implement sustainable human resource management. The study has proposed some specific solutions to overcome this problem.
Practical/managerial implications:
The proposed solutions have scientific and practical significance and are suitable for human resource management activities in family companies in Vietnam.

Keywords: sustainable, management, human resources, family company, implications, Vietnam

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