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Career Path Choice in the Industry 4.0 using Grey Decision Making

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  • Nguyen, Hung The
  • Lam, Bao Quoc
  • Nguyen, Quyen Le Hoang Thuy To
  • Nguyen, Phong Thanh
  • Huynh, Vy Dang Bich

Abstract

Career path choice was an important decision in each individual life. Industry 4.0 has brought new challenges to a career path with much emphasis on smart instead of hard work. Globalization has also challenged Confucian culture in Vietnam and led to the change in the criteria of career path choice. The objective of this research was to explore and rank the criteria for career path choice in the context of Ho Chi Minh City, Vietnam. The innovative grey decision-making method, namely Grey Analytical Hierarchy Process (GAHP), was employed to reach the research objectives. The data of 30 experts who were researchers and practitioners in human resources were purposively selected to be used for the analysis. Research results showed that the hierarchical model of career path choice in the Vietnamese context had three levels, in which the first level is the goal level. The second level included three main criteria with the priority orders as follows: (1) work diversity, (2) job prospects, and (3) family preference. Further, the ranking was made with thirteen sub-indicators in the third level of the hierarchical model. The findings reflected the great changes in career path choice criteria, switching to work diversity from traditionally Confucian values with much reliance on family preference and job prospects in the public sector. This implied a proper performance of competency-based education for employees to meet the labor market demand of the private sector.

Suggested Citation

  • Nguyen, Hung The & Lam, Bao Quoc & Nguyen, Quyen Le Hoang Thuy To & Nguyen, Phong Thanh & Huynh, Vy Dang Bich, 2022. "Career Path Choice in the Industry 4.0 using Grey Decision Making," MPRA Paper 116683, University Library of Munich, Germany, revised Sep 2022.
    • Handle: RePEc:pra:mprapa:116683
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • L8 - Industrial Organization - - Industry Studies: Services
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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