Majority of fresh grads and mid-career professionals expect promotion within two years: Survey

November 25, 20141:15 pm690 views
Majority of fresh grads and mid-career professionals expect promotion within two years: Survey
Majority of fresh grads and mid-career professionals expect promotion within two years: Survey

SINGAPORE — Almost three-quarters (73 per cent) of mid-career professionals in Singapore (those with 1-10 years of working experience) expect to get promoted within the first 2 years of their jobs, a LinkedIn survey found.

Eighty-four percent of fresh graduates and early professionals in Singapore too, expect to be promoted within 2 years – the highest in the region compared to India (82%), Australia (76%), and Hong Kong (69%).

This two-year mark appears to be a significant career assessment point. Exactly half of mid-career professionals in Singapore said they would consider moving to another job within two years. This was aligned with the Asia Pacific average of 51 percent.

The survey also revealed that money is a major driving factor among mid-career professionals with 65 per cent of Singapore respondents saying a high income is a key measure of success.

And it is also money – 82 per cent cited a pay rise – as the most compelling factor to stay in a company. Again, the highest in the region, ahead of Hong Kong (78%), Australia (77%) and India (63%).

The second most important staying factor was career opportunities. Sixty-two per cent of respondents said they would stay in their current job if there were career opportunities.

But, 48 per cent of Singapore respondents said they would consider staying in their current job if they received more recognition at work. This was higher than the Asia Pacific average of 38 percent.

LinkedIn’s managing director for Asia Pacific & Japan said: “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.

“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.”

 

news source & image credits: todayonline.com

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