Senior professionals in Singapore value high income and family: survey

When it comes to defining success in life, senior professionals in Asia Pacific seem to have a balanced set of priorities across their work and personal lives, according to a recent study, ‘Life of a Professional’ by LinkedIn

More than half surveyed in Singapore cite having a high income (60%) and a family (56%) as their top measures of success, followed by owning a nice house (39%). ‘Life of a Professional’ is a study that delves into the aspirations and evolving needs of professionals through the different phases of their career. 

There are slight differences across markets – the senior professionals in Singapore who rated having a high income as the top yardstick for success outnumbered their counterparts in Asia Pacific (51%). A strong entrepreneurial spirit is also displayed by senior professionals in Hong Kong, as becoming an entrepreneur (50%) was the number two measure of success along with high income (53%). 

In comparison, early professionals in Asia Pacific (those less than a year of experience) rate having a family (55%) and a high income (54%) as the two top measures of success. Interestingly, this group ranked becoming an entrepreneur (38%) higher than senior professionals (32%) as amongst the top measures of success.

Having it allis difficult

Although having a family was cited as the top measure of success, 33% of the senior professionals in Asia Pacific said that leaving work to start a family is difficult. In this group, the largest number is in Singapore (40%) followed by India (36%), Hong Kong (35%) and Australia (20%).

Thirty-seven percent of the senior professionals surveyed in Asia Pacific also said that they found it difficult to move from full-time work to a part-time arrangement. Senior professionals in Singapore (44%) had the most difficulty with the transition, followed by Hong Kong (39%) and India (38%) while those in Australia (26%) found it the least difficult.

More than a third (35%) of the senior professionals in Singapore said that they would find it hard to take a sabbatical. Thirty-six percent of those surveyed in this group would use their social networking contacts if they were to get back to work after a sabbatical and if they were looking to change career paths.  

What could senior professionals have done differently?

One in two (51%) senior professionals surveyed in Singapore said that on hindsight, they would have proactively built and expanded their professional networks to advance their careers. They also emphasized the importance of skills development – such as acquiring more qualifications (45%) and attending more training courses (35%) to advance their careers then.

What do senior professionals do on LinkedIn?

The top three uses of LinkedIn cited by senior professionals across the region are: keeping in touch with former colleagues (33%), maintaining their networks (29%) and looking out for jobs (27%).   

This is closely mirrored in Singapore, with 34% of senior professionals using LinkedIn to maintain their network, followed by keeping in touch with former colleagues (32%), and looking for jobs (31%).