Work Abroad Ambition
Work Abroad Ambition
Career ambition is the number one reason why workers take the plunge and settle abroad, according to a new study.
The survey conducted by HSBC of more than 22,000 of its expatriate staff revealed that Germany was top of the list for those looking to further their careers during 2019, overtaking Sweden and Switzerland to be rated as the best place in the world to work overseas for the first time.
Just under two thirds of expats rate the country as the most productive place to be based, while seven out of 10 say that living there has resulted in improvements in their work/life balance. Almost three quarters of overseas workers in Germany also claimed that their feelings of job security had been enhanced as a result of the move, The HR Director reported.
In terms of the best expat pay package, Bahrain is considered the leader here, after jumping 10 places in the rankings compared with last year. Three quarters of foreign workers said their earning prospects were better there than back at home, up from 62% last year. Meanwhile, 59% of respondents indicated that working in Bahrain had helped them to become a better leader.
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Career ambition abroad
The desire to advance one's career is a significant motivating factor for workers to consider settling abroad. Many professionals seek international opportunities to gain valuable work experience, expand their skill set, and access better career prospects. Working in a different country often offers exposure to diverse industries, markets, and business practices, which can be instrumental in professional growth.
Germany tops expat list
Based on the HSBC survey, Germany emerged as the preferred destination for expatriates seeking career advancement and a fulfilling work experience. The country's robust economy, thriving job market, and emphasis on innovation and research contribute to its appeal. Germany offers a diverse range of industries, including automotive, engineering, finance, and technology, making it an attractive destination for professionals from various backgrounds.
Bahrain's attractive pay
According to the survey, Bahrain stands out as a top destination for expatriates in terms of attractive pay packages. The country has witnessed a significant jump in its ranking for expat pay, indicating a growing appeal to foreign workers seeking better earning prospects. Bahrain's strategic location in the Gulf region and its business-friendly environment have attracted numerous multinational companies, resulting in a demand for skilled professionals.
Productive work-life balance
For expatriates working in Germany, achieving a productive work-life balance is one of the key benefits. The country's work culture emphasizes efficiency and effectiveness, enabling employees to complete their tasks within reasonable working hours. This approach provides individuals with ample time to pursue personal interests, spend time with family, and explore the country's recreational opportunities.