Career development a high priority for APAC employees

by L&D15 Sep 2016
“A healthy company is one that understands that success is based on the happiness of its employees, so managing employee expectation becomes that much more important,” said Andrew Chung, CEO of Compass Offices.
“Like a startup trying to understand their customers and fine tune its product, leaders also need to deep dive into learning about employee expectations.”

Chung’s comments come following a new survey of 1,200 respondents across seven countries in APAC.

The research titled Compass Index by Compass Offices found that most of the surveyed employees suggest that work environment and career development are significant aspects of their jobs.
Of those surveyed in Hong Kong and Australia (a mix of C-suites, founders and managers) work environment was chosen by 52% and 53.8% of employees respectively, as the most important element of their job.
Not far behind at 41% and 40.51% would be the possibility for career development in their workplace.
Meanwhile, respondents in Singapore reported feeling slightly different although directors and managers (at 58.39%) also cited work environment as the most important.
Coming in second at 40.88% for Singapore-based workers was how attractive they found their remuneration package and career development.

According to a 2015 Microsoft study, there is a gap between the expectations of employees and what employers are offering their workers in APAC when it comes to creating a work environment that is “productive, collaborative and innovative in a mobile-first cloud-first world”.

“It is important to note that while a fair compensation is necessary to motivate employees, creating a robust work environment and the belief that upward mobility in the workplace is within reach also play important roles,” Chung added.  

In terms of promotion expectations, an ECA International Salary Trends survey indicates that Australian workers can expect to get 3.5% in uplifts this year.

However, real wage increases for workers in Hong Kong and Singapore were projected to be lower this year (after being adjusted for inflation).