There is a misconception in the job market that getting an opportunity is a difficult task. Many of the employees also feel that leaving a job is not encouraged without having an offer letter. The LinkedIn Opportunity Index has kept these misconceptions at bay with some statistical figures.
The inaugural LinkedIn Opportunity Index was published recently. It is a composite measure that aims to understand how people perceive opportunity and more important barriers that may prevent them from getting those opportunities. The LinkedIn Opportunity Index surveyed more than 11,000 respondents in nine markets in the Asia Pacific Region which are Australia, the Chinese Mainland, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, and Singapore.
According to the inaugural LinkedIn Opportunity Index, two out of three Indians are optimistic about the economic situation in the country. The survey also revealed that starting one's own business is also one among the top three opportunities for Indians.
The survey stated that many respondents felt they needed to overcome many barriers in order to access and realise the opportunities. These include one's financial status, the lack of a strong network, professional skills, direction and guidance and a difficult job market. It has revealed that despite the diversity of the region, there are many similarities in people's aspirations and the roadblocks they may face.
The lack of financial security and networks are roadblocks. Here are the percentages:
- Financial Status: 31%
- Lack of Networks and Connection: 20%
- Difficult Job Market: 19%
- Lack of Required Professional Skills: 18%
- Lack of Direction And Guidance: 18%
Olivier Legrand, Managing Director, Asia Pacific, LinkedIn, said in a statement, ''In APAC, people in Indonesia and India are most confident about opportunities to get ahead. Two rapidly developing markets in the region, Indonesia and India took the top two spots on the Index - driven by people's confidence in the economic growth potential of these markets as well as their confidence in gaining access to and pursuing opportunities they identified as important.''
He also added that, ''On the other hand, more developed markets such as Japan, Hong Kong and Australia trailed in the Index, possibly because people in these markets have concerns about the economic outlook of the markets, and generally felt more cautious about their chances of accessing and achieving success with opportunities that are relevant to them.''
The survey also displayed that over 90 per cent of respondents from India feel that digital and social media provide the required resources to obtain a job they seek. However, 89 per cent feel that digital and social media helped them to learn news skills besides honing them.