A recent study has found that about 52% of the total number of mid-career professionals in India would consider moving to another job within two years.
The findings were based on ‘Life of a Professional’, a survey conducted by the online professional network LinkedIn, of over 6,000 individuals over the age of 16 and in different stages of careers across India, Hong Kong, Australia and Singapore.
Nearly 82% of students and early professionals or fresh graduates in India said they expect a promotion within two years of joining work and that 64% of fresh graduates would consider changing jobs within the same time frame.
“In a competitive job market, everyone is on the lookout for better opportunities. Asking for promotions is normal after two years, because the fear of a stagnant career affects most decisions,” said Snigdha Chowdhary, an MNC employee.
In India, 32% of those surveyed said they work for 41-50 hours in a week, while a majority of Australians said they work for 36-40 hours a week.
“Our study shows that mid-career professionals are in a great hurry to reach the top and are willing to work longer hours for it. They also attach value to greater recognition and learning opportunities, which means that employers who invest in building strong brands will be more successful in retaining talent despite a competitive hiring environment,” said Nishant Rao, country manager, LinkedIn India.
When asked to rank reasons for continuing a job, 63% in India and 75% in Asia Pacific chose higher salaries. In India, 49% of senior professionals, 43% of mid-career professionals and 48% of early professionals said they are happy with their work-life balance.
While senior professionals are those with over 11 years of experience, early professionals have less than one year of experience. Mid-career professionals have one to 10 years of experience.