Four in five financial professionals in Asia who have left a role cite lack of career progression as the main reason for their dissatisfaction, according to a survey by the international recruitment consultancy Robert Walters.
The survey forms part of the Focus Asia Whitepaper series, which the firm says was created to help employers identify and address topical issues affecting their recruitment process.
The initial whitepaper, entitled ‘Using Career Progression To Recruit The Best Professionals’, surveyed over 1,300 professionals and hiring managers across China, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan, Thailand and Vietnam. The study examined critical career progression topics, and offers recommendations on how an organisation can utilise career progression to hire top talent.
“Our focus on career progression originated from the strong interest from companies in attracting top talent,” said Mark Ellwood, managing director – Southeast Asia, Robert Walters. “The results reveal that a clearly defined career path is a strong advantage in attracting and retaining the industry’s best professionals.”
Among the highlights of the whitepaper:
- Seventy-four per cent of job seekers deemed career progression ‘very important’ when considering new job opportunities.
- Most professionals (85%) enquired specifically about career progression during the interview process.
- Thirty-three per cent of job seekers regarded ‘expanded portfolio and work experience’ as their most valued career progression initiative.
- A majority of organisations (78%) offered career progression in the form of international mobility among their global offices.
- Fifty-four per cent of professionals said their organisations ‘mostly’ followed through with the career progression they advertised for the role, 10% said ‘always’ while 36% did not believe organisations followed through.
Sibos 2017 Day Two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.