On January 1, 2023, Le & Associates (L & A) officially announced the transfer and merger of its Consulting & Organizational Development (COD) services to the SKALE brand. L & A’s payroll (Payroll) and outsourcing (Staffing & Outsourcing) services will remain under L & A.
This is one of the strategies that the L & A leadership has carefully planned, in order to take advantage of the post-COVID-19 period when human resource technology is on the rise.
Golden opportunity for transfer and acceleration
Mrs. Pham Thi My Le, Chairwoman of the Board of L & A, shared: “10 years ago, when I had the chance to interact and collaborate with numerous international partners, I realized that the application of human resource technology is an indispensable process for any enterprise. I also had a strong desire to innovate and bring advanced, new applications to Vietnam. However, at that time, the reality was not yet ready. It was not until the outbreak of COVID-19, which brought many challenges, but it inadvertently accelerated the digital transformation process in human resources. I believe this is the golden opportunity to actualize what L & A has cherished for the past decade.”
In line with this, on May 26, 2022, L & A and SKALE officially carried out the signing ceremony to record the investment and strategic cooperation process in the development of a digital human resources solutions ecosystem. The transfer and integration of the consulting services and organizational development into the SKALE brand was completed on December 31, 2022, marking the first strategic salvo.
At L & A, the consulting services and organizational development sector, prior to its merger into SKALE, has been undertaking many projects for advising, and capability assessment for large enterprises like Vietinbank, Binh Minh Plastic, Vingroup, Generali, Keppel Land, Saigon Co.op, and others. A rich knowledge base, along with a team of experienced consultants, enables L & A to possess many unique strengths compared to its industry competitors.
On the other hand, SKALE owns the leading human capital solution ecosystem that is built to meet the needs of human resources management for the community of businesses in Vietnam, targeting the open market in ASEAN. Currently, the products being commercialized at SKALE include:
- SKALE Referral – a unique candidate board and recruitment solution with the expansion of referral sources;
- SKALE Competency – a competency management application;
- SKALE Performance – an employee performance management application;
- SKALE Work Joy – a mobile application to increase interaction between employees and organizations;
- SKALE IDP – a talent development management application;
The goal of this investment cooperation is to leverage the strengths of L & A’s management knowledge and consultant team and SKALE’s human resources technology ecosystem, bringing a “perfect match” solution, thereby better meeting the growing needs of customers in making data-driven human resources decisions; solve the problem of strengthening individual and organizational capacity for the digital transformation of businesses; and at the same time expand the human resources consulting segment for large to medium-sized enterprises.
Opportunities for Joint Bidding, Ready to Access the Wave of Foreign Investment
In the past, SKALE has been a partner providing project software and supporting the operation of the human resources technology segment for L & A. The experience of working together in the past is the basis for the two units to easily have a common voice in the bidding process, quickly finding solutions that meet the needs of customers. This merger will not limit the continued collaboration between L & A and SKALE in exploiting the unique strengths of each side and meeting the best market needs, especially multinational enterprises with strict requirements on service quality.
According to the latest statistics as of October 2022, foreign investors have invested in 54 provinces and cities across Vietnam, with Ho Chi Minh City leading with a total registered capital of over 3.42 billion USD, accounting for 15.2% of the total registered capital, followed by Binh Duong.
It can be seen that the wave of foreign investment opens up many opportunities and challenges, requiring service providers such as L & A to continuously improve the depth of their services, update technology to meet the criteria of customers from many different countries such as the United States, Japan, Korea, Singapore, etc.