According to the Talent Trends study conducted by LinkedIn in 2015, people in Singapore professionals turn to social networks to locate jobs, more than any other of their Asia-Pacific peers.
In fact, 63% of those surveyed in Singapore cited LinkedIn and other professional networks as their main source to locate employment opportunities, which puts them at third in the world for the practice, right after Spain (70%) and Chile (68%).
After professional social networks, Singapore professionals counted on job boards most often (60%). Coming in third was recommendations from friends and colleagues.
Speaking on the sheer amount of professionals looking to job hop, Feon Ang, the Head of Talent Solutions at the Asia Pacific branch of LinkedIn said, “Our research shows there is a wide talent pool to be tapped. Not only is active talent on the rise in Singapore, passive talent – comprising 65% of the pool – is also open to opportunities. A strong employer brand is more critical than ever for companies in the war for talent. One way for companies to stand out is to marry social professional networks and word-of-mouth recommendation by encouraging their employees to be their ambassadors in today’s digital age.”
At the time of the survey, 35% of Singapore professionals were actively exploring new job opportunities. This shows a massive rise from the 27% reported in 2014. Overall, whether the person in question is active or passive talent, a full 86% of Singaporeans are willing to hear from job recruiters. Compared to the 78% of global employees willing to do so.
Although some cultures in the Asia Pacific are putting more focus on a good work-life balance, Singaporeans still place compensation as their number one consideration when taking on a position. In fact, the amount of professionals who stated this experienced a boost from 2014 (29%) to 2015 (51%).
After compensation, work-life balance comes in at a somewhat distant second (32%), which has also experienced an increase since 2014 (22%).
