'Life of a Professional' by LinkedIn is an online professional network. LinkedIn has more than 332 million members worldwide and 28 million in India.
Nearly a quarter, or 23% of the same group said they would stay in their current job for two years before asking for a promotion. 'Life of a Professional' is a study that delves into the aspirations and evolving needs of professionals through the different phases of their career.
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In comparison, 82% of students and early professionals ('fresh graduates') in India said they expect a promotion within two years of working. The study, also shows that 64% of fresh graduates would consider changing jobs in the same timeframe. Higher pay, better career opportunities and more recognition will compel mid-career professionals to stay in their current job.
In India, 63% mid-career professionals ranked better career opportunities slightly higher than their counterparts in Asia Pacific (60%). Sixty-three% in India and 75% in Asia Pacific opted for a higher salary.
In India, 40% said more recognition would keep them in their current jobs as compared to 38% in Asia Pacific. Interestingly, fresh graduates in Asia Pacific said that in addition to higher salary (70%) and better career opportunities (63%), learning opportunities (41%) would convince them to stay in their current job.
In India, mid-career professionals (33%) said that their social networking contacts would be the most useful when moving jobs. Further, when looking for a change, 61% of this group said that they would use LinkedIn to look for job postings and career advice.
"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, which is consistent with the aspirational nature of LinkedIn's member base. That said, it was heartening to also see this same audience attach meaningful value to greater recognition and learning opportunities which means that employers who invest in building employee-first cultures and strong employer brands will be more successful in retaining their top talent despite a competitive hiring environment," said Nishant Rao, Country Manager LinkedIn India.