One of the most important strategies that should be included in any LCVP oGT planning is sub-product development. Sub-product development is used to describe strategies that focus on exploring and sustaining the match of TN demand and EP supply. In 2016, except FTU HN, FTU HCMC and Ho Chi Minh, most of other LCs haven’t grown and sustained a sub-product that helps them ensure exchange results and local direction.
This article aims to present key matching numbers from EP Supply of AIESEC in Vietnam from 1st July – 31st Dec, 2016, which are taken from Legality Management System 2016-17.
Key matching numbers of AIESEC in Vietnam
14.5 applications for a GT EP to get approved
5.4 applications for a GE EP to get approved
However, these number are not available for AIESEC in Vietnam.
9 months is the average matching time for a GT EP
8 months is the average matching time for a GE EP
However these numbers in our entity are much lower as we only have data of average matching time available from July 2016 ‘till 31st December (28 samples available in LMS). In particular, nationally we have:
2.69 months is the average matching time for a GT EP
1.58 months is the average matching time for a GE EP
Each LC has varied itself in average matching time. Results are present as below:
|LCs||Avr. matching time (months)||Unique Value|
Table 1. Avr. matching time (months) by LCs from 1st Jul – 31st Dec, 2016
LCs with shortest matching time is LC HN (0.53 month). FTU HCMC came second with 1.167 and this can partly be explained by FTU HCMC by far attracting most candidates of advanced education, i.e. Master degree. Interestingly, none of these Master candidates study in Vietnam. In fact, data shows that candidates which are obtaining or granting Master degree reduce their application time by half comparing to bachelor and undergraduate ones. Undergraduate accounts for most of matching result, however it takes around 3.5 months to get approved to an opportunity. This can be explained that an EP who has higher education background tends to obtain more knowledge and experience appreciated by employers. Globally there are 20% EPs approved that have at least Master degree.
|Degree||Average of Average matching time||Unique Value|
|Bachelor (you have obtained Bachelor degree)||1.65||8|
|Graduate student (you are taking Master program)||0.48||2|
|Master (you have obtained Master degree)||1.02||2|
|Undergraduate student (you are taking Undergraduate program)||3.5||17|
Table 2. Avr. matching time (months) by degrees (1st Jul – 31st Dec, 2016)
|Country||Average matching time (months)||Unique Value|
Table 3. Avr. matching time (months) by countries (1st Jul – 31st Dec, 2016)
Note that term 1617 will end in Mar, which means that for entities which haven’t achieve their goals for winter will focus to match their opportunities intensively.
Japan: avrg. time is 2.82 months for matching. It takes app. 2-3 months for an EP to have visa paper ready to realize. For LCs which have Japan as sub-product, promotion should happen at least 5 months before realization date.
Malaysia: avr. time is 1.37 months for matching and app. 2 months for visa work. With sub-product Malaysia, promotion should happen at least 3 months before realization date.
A general operational timeline must include: Promotion/Matching/Realizing. To effectively define these critical time, these factors should be considered:
- What is your key sub-product(s)? Their avr. matching time & gap btw. approved & realized => Time of promotion.
- Have you worked with your EY about operation? (operational timeline, focused activities to deliver partnership, operational change to deliver partnership). Check MC guideline to build EY partnership.
- How many potential EPs have you left from Winter? How many of them can be approved within Summer?
- Build your potential EP profile matched with TN demand. With new market allocation of study abroad & IT potential, how can you optimize this new market?
Want to have more details? Check detailed analysis here.
Wanna understand better TN demand in Sub-product development? Check articles here.