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Highlights

● Nearly 70% of Morgan McKinley’s survey respondents would consider a job opportunity overseas
● The reasons why respondents would consider an opportunity overseas include: career progression, international experience, new challenges, broadening horizons and improving global economy
● Overwhelmingly, the respondents would prefer to stay in the Asia Pacific region, with Asia being the most popular choice and Singapore and Hong Kong featured most prominently
● Morgan McKinley’s latest survey shows that professional job seekers are motivated more by opportunities for career progression than by money – 60% cited lack of career progression as their main reason for leaving a job
● Only 16% surveyed were motivated to leave solely based on dissatisfaction with their basic salary
● Where salary was a motivating factor, the majority of respondents expected a 20% pay increase, indicating that a major salary hike may not be needed to tempt an employee to jump ship.

Career Progression is main motivation for leaving a job and considering an overseas job opportunity

In May 2014, Morgan McKinley Australia conducted a survey of its candidates and clients in a range of sectors and disciplines to investigate their current outlook, job satisfaction and expectations with regard to career progression.

The survey shows that the majority of respondents cited career progression as their main motivation for leaving a job. Overwhelmingly 60% of respondents cited this, a long way ahead of basic salary at nearly 16%. However, a significant number cited a very wide variety of other reasons, the most prominent of which related to problems or dissatisfactions with their current role, such as issues with their manager, a work-life balance or a desire to discover new challenges.

Nearly 70% of survey respondents would consider an opportunity overseas mainly due to career progression and to gain international experience. Overwhelmingly, respondents would prefer to stay in the Asia Pacific region, with Singapore and Hong Kong deemed as the most popular choices.
Overall package or broader remit are top of mind when considering career progression
When considering their career progression, two things are almost equally likely to be top of mind: 33% responded an increase in overall package and close to 27% responded broader remit (e.g. responsibility for more countries or a larger headcount).

Louise Langridge, Joint Managing Director, Morgan McKinley Australia commented:

“The Australian workforce is still characterised by its talent shortages and with nearly 70% of respondents willing to consider an overseas opportunity to progress their careers, we are at risk of losing top talent to overseas markets.

“Our own survey indicates that overwhelmingly, more than 60% of respondents cited career progression as their main reason for leaving their job, significantly higher than salary. This illustrates that career progression is much more of an important consideration, so we need to take a broader view of contentment at work.”

View the full Career Progression survey report- Australia 2014 and infographic on our website.

Statistical methodology

The data in the press release is based on Morgan McKinley Australia survey of its professional networks of clients and candidates in a range of sectors and disciplines to investigate their current outlook, job satisfaction and expectations with regard to career progression.
About Morgan McKinley

Morgan McKinley is a global professional services recruiter connecting specialist talent with leading employers across multiple industries and disciplines.

With offices across Ireland, the UK, EMEA, Asia and Australia, the company’s professional recruitment expertise spans banking & financial services; commerce & industry and professional services.

Morgan McKinley is a preferred supplier to many of the major employers in its specialist sectors and thousands of smaller local firms.

In 2013, Morgan McKinley was recognised in the Irish Independent’s listing of Best SME Workplaces in Ireland. We are also proud to be ranked in Deloitte’s Top 20 Best Managed Companies in Ireland for 2013.

www.morganmckinley.com.au

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