73 percent of 'mid-career professionals' - those with one to 10 years of experience - in Singapore expect a promotion within the first two years of their career; behind India (82 percent) but ahead of Australia (72 percent) and Hong Kong (59 percent).
This strong ambition has been inculcated since the start of a professional's career, with 84 percent of students and early professionals (fresh graduates) sharing the same view - the highest in the region comprising India (82 percent), Australia (76 percent) and Hong Kong (69 percent).
These results are according to a 'Life of a Professional' study by LinkedIn and CensusWide. Polling 6,000 individuals over the age of 16 across India, Hong Kong, Australia and Singapore, the survey seeks to better understand individuals across different stages in their career.
The survey also revealed that half of the respondents in Singapore would consider moving to another job within two years of working. This aligns with the Asia Pacific figure which stands at 51 percent. This two-year job mark also resonated with the fresh graduates (54 percent).
Additionally, more than half of Singapore respondents (65 percent) viewed high income as a top measure of success. In fact, 82 percent of them ranked pay rise as the most compelling factor to stay in a company. This figure is the highest in the region, ahead of Hong Kong (78 percent), Australia (77 percent) and India (63 percent).
The second incentive cited by the respondents was career opportunities (62 percent). While 48 percent said more recognition would keep them in their current jobs, fresh graduates in Singapore said that in addition to higher salary (84 percent) and better career opportunities (72 percent), colleagues too play an important role (63 percent) and this would convince them to stay in their current job.
In Singapore, 34 percent of mid-career professionals said that their social networking contacts would be the most useful when moving jobs. When looking for a change, 29 percent of this group said that they would leverage LinkedIn to look for suitable jobs as compared to 26 percent who said they would use a recruitment agency or consultant.
"Our study shows that mid-career professionals in Asia Pacific are ambitious and impatient to get ahead, a reflection of the region's fast pace of life and strong desire for professional recognition," said Hari Krishnan, Managing Director, Asia Pacific & Japan at LinkedIn. "While monetary incentives seem to be a big draw particularly in Singapore, retention strategies for mid-career talents need to be balanced across financial and non-financial factors. As the war for talent continues to intensify in Singapore, a regional hub for many businesses, employer branding efforts will likely become more pronounced."
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