The Exchange Asia recently spoke with The University of Manchester South East Asia for an exclusive interview with Andrew Jones, an executive coach with over 13 years of experience guiding professionals across Malaysia, Singapore, and other global markets, Jones shared valuable insights on the causes of career stagnation, strategies for career growth, and ways to future-proof careers in rapidly evolving industries.
Cultural and Societal Factors in Career Stagnation
Jones emphasised that career stagnation is not unique to Malaysia or Singapore but is a global issue. He believes that focusing on cultural or societal factors as the primary cause of professional deceleration can be a distraction. Instead, he noted that stagnation often arises when individuals fail to challenge themselves or when systems don’t foster growth. “Stagnation is often due to individuals not challenging themselves or systems that don’t foster growth,” he explained.
Developing Self-Awareness: The Key to Career Growth
For Jones, self-awareness is the first step in overcoming career stagnation. He advised professionals to engage in reflective practice—taking time to critically evaluate their achievements, challenges, and job satisfaction levels. While tools like psychometric tests are useful, Jones highlighted that live conversations provide deeper insights. “Real-time feedback fosters trust, transparency, and accountability—qualities that sterile assessments cannot replicate,” he said.
Strategic Career Planning: A Roadmap for Long-Term Success
Strategic career planning is essential for avoiding stagnation and ensuring continuous professional growth. According to Jones, professionals should outline both short-term decisions, such as skill acquisition, and long-term ambitions, like entering leadership roles. He added, “Strategic career planning should begin early in one’s professional journey, allowing career pivots, skill-building, and networking to align with long-term goals.” He also noted that even mid-career professionals can benefit from reassessing and updating their career strategies.
Future-Proofing Careers in Technology and Finance
As industries like technology and finance continue to evolve, Jones advised professionals in Malaysia and Singapore to focus on three key areas to remain competitive:
- Continuous Learning: Embrace lifelong learning through executive education, online courses, or certifications in emerging technologies such as AI, data analytics, and blockchain.
- Adaptability: Be open to lateral moves or cross-functional projects to diversify skills and gain exposure to different areas of business.
- Networking and Mentorship: Build strong networks both within and outside of one’s industry to stay aware of new opportunities. Mentors can also offer valuable insights into future industry shifts.
Overcoming Mid-Career Stagnation
For mid-career professionals facing stagnation, Jones recommended leveraging networking, mentorship, and further education. “Mid-career professionals should focus on expanding their networks to include not only peers but also senior leaders and industry disruptors,” he said. He also suggested engaging with mentors who have navigated similar challenges to gain strategic insights and advice. Further education, such as pursuing an MBA or executive programmes, can also provide the knowledge necessary for career advancement.
Identifying High-Growth Sectors in Malaysia and Singapore
Jones identified sectors such as technology, finance, healthcare, and renewable energy as areas offering strong growth opportunities. These industries, he noted, are characterised by rapid business cycles, which often create new job roles and leadership opportunities. He also highlighted that “the rapid digitisation of business operations across the region” will continue to drive career growth in the technology sector and industries that digitise quickly.
Navigating External Challenges in a Stagnant Job Market
When faced with a stagnant job market or industry-specific barriers, Jones recommended a multifaceted approach:
- Network Beyond Your Industry: Look beyond your immediate sector to find opportunities in adjacent industries where your skills may be in demand.
- Diversify Skillsets: Professionals with transferable skills will be better positioned to seize opportunities, even in difficult times.
- Explore Lateral Moves: If upward mobility is limited, consider lateral moves within your organisation to gain new challenges and learning opportunities.
Staying Competitive Amid AI and Digital Transformation
With the rise of AI and digital transformation, Jones advised professionals to invest in digital skills, particularly in areas like AI, data science, and digital tools. He also emphasised the importance of human-centric skills, such as leadership and emotional intelligence, which remain crucial despite automation. “Leadership, emotional intelligence, and strategic thinking remain crucial human-centric skills,” he stated. Staying informed about industry trends and technological advancements will also allow professionals to adapt and remain competitive.
In conclusion, Jones stressed the importance of personal responsibility, adaptability, and continuous learning in navigating the modern career landscape. He encouraged professionals to stay proactive, embrace change, and pursue growth to thrive in an ever-evolving world of work. For professionals in Malaysia and Singapore, his advice offers a roadmap to overcoming stagnation and seizing emerging opportunities.
