Most, or 75%, of C-suite senior leaders in Asia Pacific will be looking for new career prospects over the next few months, according to the Page Executive Asia Pacific Talent Trends 2022 Report from Michael Page.

The report pointed out that the ‘Great Resignation’ has already been happening among the C-suite in Asia Pacific for the last two years with the report pointing to 36% having been at their current jobs for not more than two years.

While salaries, bonuses and rewards are still top attraction motivators for all candidates, including those in leadership roles, the report shows a big swing towards non-monetary motivators.

Anthony Thompson, Regional Managing Director of PageGroup Asia Pacific said, "Human capital is one of the most in-demand resources right now, and we see demand far outstripping supply across many sectors in APAC. While remuneration continues to be important to leadership candidates, it is not the only reason that people join or stay with an organisation. They are now asking about a company's culture, purpose and values, and leadership."

Meanwhile, 86% of the respondents across Asia Pacific believe that their company does not take active steps to ensure work-life balance. Over half, or 64%, of leaders surveyed said they would sacrifice money for more happiness, better well-being, and work-life balance, and this was consistent across all generations, gender, sexual orientation and industries.

When job searching, 71% of leaders said they want a hybrid work arrangement between working from home and the office

The report included over 3,500 respondents which included a representational mix of CEOs, board members, founders and senior leaders from MNCs (multinational corporations), local corporations and start-ups. Markets covered in the report include Australia, Hong Kong, India, Indonesia, Japan, Mainland China, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.