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.
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