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Global
                                                                                  professionals
                                                                                  on the move
                                                                                  —2012




Copyright ©2012 Hydrogen Group plc. All rights reserved — www.hydrogengroup.com
Contents                                        Executive summary


ES
      Executive summary




01
      International experience
      key to career success




02
                                                               t any given moment there are around a million people in the air, all flying to
      Migration more widely spread                         A   ever more far flung destinations. Some go for a weekend, some for a fortnight.
      than ever before
                                                          A growing number make a career out of it. Where previously people used to move
                                                          between floors in an organisation, now they are as likely to move continents.




03
      Top destinations missing                            The third annual ‘Global Professionals on the Move’ report is set against this
      out on talent                                       backdrop of global migration of professionals. Its aim is to look at the experience,
                                                          attitudes and priorities of highly qualified, high earning professionals with
                                                          regard to working abroad and to review the trends year on year.




04
      Working abroad is not                               International experience is more and more a prerequisite for senior professionals.
      just for the young                                  Over the last two years, survey respondents have highlighted the increasing
                                                          importance of their international experience, this year, the trend is also supported
                                                          by clients, with 59% of them saying that they too recognise its worth.




05
      Women working abroad                                Given the career value of gaining international experience, it is significant that the report
      earlier in their careers                            highlights what a positive personal experience it can be. In fact it seems that once tried,
                                                          people are in no rush to return to their country of origin. 90% of respondents would go
                                                          abroad again and would recommend the experience to others, and one in three now




06
      People moving abroad stay                           consider the country where they live to be home, with only 18% of those already abroad
      longer than expected                                wanting to repatriate in the near future. Remarkably, for 50% of those working abroad, the
                                                          experience has been so positive that they are planning to apply for permanent residency.

                                                          However, there are challenges to be faced. Although down from last year, 31% of those




07
                                                          already abroad said the biggest barrier to moving was finding a job. This could be a sign
      Even the best employees are
                                                          of a global recovery in the economy but it also supports another key theme to emerge; the
      looking for greener grass
                                                          importance of using recruitment specialists to help people in their search for a new role.

                                                          Reviewing the demographic data highlights the increasing dominance of the over



08
      Recruiters play a key role                          30s in overseas assignments. Conversely the report reveals that professional
                                                          women working overseas do so much earlier in their careers than men. In fact,
                                                          the report shows that of the women who were working abroad when responding
                                                          to the survey, only 15% are over 40, compared to nearly 50% of the men.




09
      Energy sector leads way                             We have pulled together the key trends around demographics, countries of choice
      in overseas relocation                              and the benefits of working abroad to allow you to understand and be able to
                                                          capitalise on the increasing importance of international experience.




10
                                                          Hydrogen Group
      Technology eases relocation                         —April 2012




CS
      Country spotlight - Australia, Germany,
      Hong Kong, Singapore, United Kingdom




AP
      Appendix




                                                                                                                                                          2
Relocating abroad




01                            	International
                              experience key to
                                                                                                                                                                                                                                                      42%
                              career success
                                                                                                                                                                                                                                  Already relocated



                                                                                                                                                                                                                               Yes I would relocate   39%



                                                                                                                                                                                                                Would consider relocating abroad      13%
                                                                                                                                                                                                                     No I wouldn’t relocate abroad     6%

90%
>   Relocation accelerated
     personal development      T
                                    here are many reasons why professionals
                                    choose to live and work overseas. Some
                                                                                stated that their employers see international
                                                                                experience as important or very important.
                                                                                                                                 of the day it is a market of 22m compared
                                                                                                                                 to 3.9bn in Asia, so moving to Singapore
                                                                                                                                                                                    “But they don’t because they get put off by all
                                                                                                                                                                                    the hurdles in their path. Certainly there are
                                                                                                                                                                                                                                                      “More people recognise that
                                                                                                                                                                                                                                                      an overseas stint on their CV




86%
                              go for new experiences and adventure, some        This has increased from 63% in 2011.             will take my career to the next level.”            many hurdles to overcome. It’s not easy. But                      can open up a whole tranche
                              to learn a language, others simply for better     Hydrogen clients confirmed this trend:                                                              the reward is worth the effort.”                                  of otherwise unavailable
                              weather. But by far the most popular reason       59% of employers see international               He continues: “I’m 28 and have no children,                                                                          senior roles,” says Raymond
                              is to develop their careers. After all, at many   experience as important or very important,       so this is an ideal time to be making moves        Morrell is not alone. For the overwhelming                        Madden, Visiting Professor at
                              companies, international experience is a          and 57% of them see international                that develop my career. We’ll stay here for        majority who go to work overseas it is a                          ESCP Europe
                              prerequisite for tenure of the top jobs.          experience on a CV as an important or            three to five years and then see what happens.     positive experience: 98% of those we surveyed
                                                                                very important means of distinguishing           Whatever we do, I can’t see us going back to       said not only that relocating had been a


>
                              “More people recognise that an overseas           between candidates of similar ability.           the UK in the near future. Asia is where the       positive part of their lives, but also that they
                 Improved
                              stint on their CV can open up a whole tranche                                                      career opportunities are in my industry. In        would recommend relocating to others.
         career prospects
                              of otherwise unavailable senior roles,”           The world’s economy is coming together at        more developed regions like Europe, North




83%
                              says Raymond Madden, Visiting Professor           an unprecedented rate, and it is becoming        America and Australia, much of the broadcast       The extent and depth of the benefits of
                              at ESCP Europe, which conducted the               increasingly clear that the top jobs of          technology we sell and implement is already in     relocation were striking. 90% reported
                              research project. “This is the third year in      tomorrow will go to those who have lifted        place, but in Asia it is still a growth market.”   that relocation accelerated their personal
                              a row we have done this survey, and we are        their horizons beyond their country of birth.                                                       development, and 86% said that it improved
                              seeing a visible growth in understanding                                                           Clearly, those in their 20s and 30s who want       their career prospects. 83% saw their salaries
                              the value of working overseas.”                   “It has fast tracked my career,” says Ben        to be at the top of their professions, need to     rise, and 78% enjoyed an improvement in their
                                                                                Morrell, a UK national by birth who moved to     be spending time gathering this international      living conditions.

>                Saw their
              salaries rise
                              94 % of those who responded to the 2012
                              survey are considering relocating or have
                              already done so, and they are taking the step
                                                                                Sydney upon graduating in 2006, and then,
                                                                                in August 2011 moved to Singapore to work
                                                                                as a Bid Manager for a global broadcast
                                                                                                                                 experience. Some like Morrell thrive on it;
                                                                                                                                 others see it as an insurmountable obstacle.

                              to gain international experience because          technology vendor. “I left the UK because I      “I have many friends back home who would
                              they recognise it as a key factor in career       didn’t see the career opportunities there,” he   love to do what I’m doing,” says Morrell.
                              success. Supporting this, 72% of respondents      explains. “Australia was great, but at the end




3                                                                                                                                                                                                                                                                                 4
Top 15 destinations




02
                                                                                                                                    “People now need to go where the revenue
                                                                                                                                    is. Five years ago this might have been New
                                                                                                                                    York, London and Hong Kong; now it is also

                                 	 Migration more                                                                                   Shanghai, Houston, Vietnam and so on.”
                                                                                                                                    Dan Church, Director Hydrogen

                                 widely spread
                                 than ever before                                                                                                  13% USA          9% Australia     9% UK       6% Singapore   5% Canada




                                        hilst it might be expected that the         was just 13%, a 5% fall in only 12 months.
    The global economy had not
                                 W      global economic downturn is affecting       The UK and Australia suffered falls of one
    influenced respondents’      people’s enthusiasm for working overseas, or       and two percentage points respectively.
    decision to work overseas    at least denting the ability of companies to
                                 hire, the 2012 survey indicates that this is not   Interestingly, the main growth region was
                                 at all the case. In 2010 61% said the global       Africa. Whereas in the past African countries                  4% Switzerland   4% Hong Kong     4% France   3% UAE         3% Germany
                                 economy had not influenced their decision;         have been barely mentioned by survey
                                 by 2012 this figure was still as high as 55%.      respondents, this year they amounted to
                                                                                    almost 8% of the responses. This almost
                                 However there are some signs that acquiring a      certainly reflects the vast investment that
                                 new job overseas is taking professionals longer    China and other countries are making in


          55%                    than before. In 2010 41% of our respondents
                                 had been looking for more than three months,
                                 and by 2012 this figure had risen to 47%.
                                                                                    the continent and the consequent growth
                                                                                    in employment opportunities there.

                                                                                    It is interesting to look at preferences by
                                 For Dan Church, Client Services Director at        nationality. For example, French respondents
                                 Hydrogen, the most significant impact of the       indicated that Brazil would be an attractive
                                 global financial crisis has been that migration    destination, perhaps reflecting the fact that
                                 is spread more widely than ever before.            Brazil already hosts 350 French companies
                                 “People now need to go where the revenue is,”      and around 25,000 French citizens.
                                 he explains. “Five years ago this might have       Another noteworthy finding is that people
                                 been New York, London and Hong Kong; now it        from Singapore prefer to stay in the region,                   3% Spain         3% New Zealand   2% China    2% Brazil      2% Italy
                                 is also Shanghai, Houston, Vietnam and so on.”     identifying Hong Kong, China and Australia
                                                                                    as their preferred relocation destinations.
                                 Accordingly, the 2012 survey revealed that         This chimes neatly with the growing trend
                                 while the three most popular places for            for corporates in Asia to prefer to recruit
                                 respondents to live and work remained the          indigenous workers and demonstrates
                                 US, the UK and Australia, their dominance          the global importance of the area.
                                 is waning. Last year 18% chose the US as
                                 their number one destination; this year it




5                                                                                                                                                                                                                            6
Visa restrictions   “In many ways, New York was
                                                                                                                                                                           an ideal option for me, but I
                                                                                                                                                                           knew the visa would take a
                                                                                                                                                                           long time and involved a lot of




03
                                                                                                                                                                           hassle. I would also have to sit
                                                                                                                                                                           a new exam. So in the end, I
                                                                                                                                                                           chose Hong Kong.”
                                                                                                                                                                           Hydrogen placed candidate,
                                                                                                                                                                           Hong Kong




                                                	 Top destinations
                                                missing out on talent

Visa/work permit
restrictions preventing relocation




12% 2012
17% 2011
                                                                                       Visa                                                                USA




      he third most popular reason to prevent   years but I realised I didn’t want to be there for   would be almost impossible,” he argues. “For
    T relocation, according to respondents,     10 years. Once you’ve been there longer than         example, it would be far more sensible for the
is visa/work permit issues (12%), and it        three years you become overly specialised            US authorities to look at finance, pharma and
seems as though this is particularly an         in the laws of that region and you can find          the extractive industries and see what could
issue for the US and Australia – the top two    it hard to find a job in other jurisdictions.”       be done to make it easier for global talent in
desired destinations in the 2012 survey.                                                             those sectors to come and work in the US.”
                                                                                                                                                                                               Australia
Raymond Madden, Visiting Professor at           He continues: “In many ways,New York was
ESCP Europe and the academic in charge of       an ideal option for me, but I knew the visa          Of course one country’s loss is another
the survey, comments: “It is clear from our     would take a long time and involved a lot            country’s gain. The fact that many highly
research that the US is missing out on talent   of hassle. I would also have to sit a new            skilled, talented and motivated executives
because of its stringent visa controls.”        exam. So in the end, I chose Hong Kong.”             cannot access jobs in the US and Australia
                                                                                                     means that they are looking for roles in
This was certainly an issue for one lawyer,     Both the US and Australia could gain access to       other regions. Most notably the UK was,
now at a US firm in Hong Kong, who moved        a wealth of talent by relaxing their visa rules.     until recently, as difficult to enter as the US
there from Dubai last year. He explains: “I     However it would be difficult to do politically,     and Australia. The recent relaxation of UK
qualified with a London firm in September       and Madden argues that it would only be              rules has yielded benefits for the country.
2007 and moved with that firm to Dubai in       necessary in a few select sectors. “Trying
2009 . I was happy in Dubai for a couple of     to implement a relaxation across the board




7                                                                                                                                                                                                          8
Age range of respondents working abroad




04
                                                                                                                                                                                                                          22%
                                                                                                                                                                                                                          34%
                                                                                                                                                                                                                          24%
     	 Working abroad
                                                                                                                                                                                                                          16%
     is not just                                                                                                                                                                                                          4%
     for the young



                                                    20s                         30s                     40s                                50s                                                    60s




           ot so long ago overseas work was          Corporates now look to fill their senior           “In my many years of working in different           to be well rewarded and so typically retire    “I would say that more than
      N    seen as something for the young. It       roles with executives who have a global            countries around the world I have learnt that       before they turn 60. This means that a huge    half of the professionals
     was UK teenagers picking grapes in France,      perspective, and often recruit these directors     often in foreign countries there are things         percentage of the energy sector’s workforce    in the Oil & Gas sector
     American graduates teaching English in          and senior managers from overseas. At the          about the way of life that you don’t agree with,    will disappear in the next few years.”         are over 45”
     Japan, or twentysomething Australians           same time, those who aspire to fill these          but you need to understand and respect them.                                                       Rory Ferguson, Director
     using their accountancy skills to spend         top jobs are working overseas, putting             This is the first rule of working overseas.”        He continues: “So all the companies are        Oil & Gas at Hydrogen
     a few years in Europe. The 2012 survey          that global perspective on their CV.                                                                   fighting over the next generation – the 35
     shows that this is no longer the case.                                                             While the change in demographics is true            to 45 year olds. They typically have the
     Global mobility amongst professionals           Juan Moyano has spent 30 years working             of many other sectors beyond energy, Rory           necessary experience to do the key jobs,
     is increasingly driven by the over 30s.         around the world on a variety of contracts. Last   Ferguson, Director of Oil & Gas at Hydrogen         but can also be expected to remain in the
                                                     year he made his latest move, from Argentina       reports that the trend is particularly evident in   sector for a reasonable amount of time.
     34% of respondents are in their 30s, 24%        to Venezuela where he now works as Senior          his sector and that it is becoming a pressing       However, as there are fewer of them, we are
     in their 40s, and 21% over 50. This reflects    Reserve Engineer for a French company.             concern for employers. “I would say that more       seeing fierce and intensifying competition
     the fact of increased global mobility.                                                             than half of the professionals in the Oil &         to land the top talent in that demographic.”
                                                                                                        Gas sector are over 45,” he says. “They tend




9                                                                                                                                                                                                                                        10
Women working abroad




05                               	 Women working
                                 abroad earlier
                                                                                                                                                          21-30yr         31-40yr             41-50yr




                                                                                                                                                                                                              15%




                                 in their careers                                                                                                                   36%

                                                                                                                                                                                       44%




“I’ve moved my family four             he exception to the trend of older       even consider working overseas without all
                                                                                                                                                          36%             Percentage of women already working
                                                                                                                                                                          abroad aged between 21 and 30

or five times internationally.    T    talent being overseas is women.          the support I get from my husband and kids.
Finding a house or suitable      Only 15% of women working overseas are         We’re a team wherever we go. All I have to
apartment, a school for my       over 40, compared to nearly 50% of the         do is focus on the geoscience at work.”



                                                                                                                                                          17%
ten-year-old, visa and work      men. In fact by and large women working
permits, health care, getting    overseas are young, single and childfree.      She continues: “I’ve moved my family four or                                              Percentage of men already working
around and getting to know                                                      five times internationally. Finding a house or                                            abroad aged between 21 and 30
the neighbours - it’s a huge     36% of women who are already abroad            suitable apartment, a school for my ten-year-
process of adjustment.”          are between 21 and 30, while this applies      old, visa and work permits, health care, getting
Dianne Weinert, Consultant,      to just 17% of the men. Equally 22%            around and getting to know the neighbours
Geophysicist                     of women working overseas are single,          - it’s a huge process of adjustment.”
                                 compared to just 9% of men and, while
                                 40% of female respondents in this sector       She has 25 years’ experience as a seismic                                           17%
                                 have no children, the same is true for just    interpreter, and is highly in demand in the
                                 20% of the men. Perhaps the most telling       energy sector. However, many women with                                                                                       26%
                                 statistic in this regard is that only 23% of   skills, experience and talent like hers lack
                                 respondents working overseas are women.        the support her family provides and so                                                                 36%
                                                                                are not available to global recruiters.
                                 As was the case in last year’s report, women
                                 are just as, if not more, keen to relocate     Those that do go abroad at a later stage, often
                                 than men are: 53% of women expressed a         do so because they are following the career
                                 desire to relocate compared to 49% of men.     relocation of their partners. 14% said that they
                                 Furthermore, for those who do move, it tends   had relocated for this reason, compared to just
                                 to work out well: even if 59% of women         3% of men, which suggests that there is still
                                 who have moved overseas feel occasionally      strength in the traditional image of women
                                 homesick (compared to 40% of men), 90%         trailing behind their spouses’ careers. However,
                                 of them would repeat the experience.           it should be noted that half the women who
                                                                                have followed their partner overseas feel
                                 Dianne Weinert, a consultant geophysicist,     satisfied, whereas only a fifth of men who had
                                 has spent years working in places from Perth   followed their partner abroad were satisfied.
                                 to Tripoli, Houston, Copenhagen and now
                                 Sydney. She says: “If I’m honest I wouldn’t




11                                                                                                                                                                                                                  12
06                                               	 People moving
                                                 abroad stay longer
                                                                                                                                                    	 Even the best
                                                                                                                                                    employees are looking
                                                                                                                                                                                                                                                                        07
                                                 than expected                                                                                      for greener grass



                                                                                             45%
                                                                                                                                                          andy and Hussein Jaber are brothers born       able to find talent in global and developing
                                                                                                                                                     R    in the Lebanon with Canadian citizenship.      markets is a concern for 41% of corporate          Simon Whitehead, Partner at EOS
                                                                                                                                                    Both are talented professionals with skills that     executives and talent managers. 72%                Law, which specialises in advising the
                                                                                                                                                    are in demand in the construction industry.          foresee a severe or a moderate shortage            recruitment sector, agrees that the trend
                                                                                                                                                    So when they became dissatisfied with their          in R&D talent while 56% think it will be a         is very much for the top employees to
                                                                                                                                                    work and lives in Saudi Arabia, and looked for       problem among executive leadership.                be looking overseas. “More high flyers
                                                                                                                                                    interesting roles, whilst also allowing them                                                            are looking for a move” he says. “At the
                                                                                             of respondents have                                    and their families to all live near to each other,
                                                                                                                                                    their new employer in Morocco was prepared
                                                                                                                                                                                                         “What we are seeing is an unexpected talent
                                                                                                                                                                                                         paradox. Even though unemployment rates
                                                                                                                                                                                                                                                            same time, however, they are seeking
                                                                                                                                                                                                                                                            more safeguards than ever before from
                                                                                             already been overseas for                              to put in the effort to bring them on board.         remain relatively high in the US, companies
                                                                                                                                                                                                         are struggling to find the skilled workers they
                                                                                                                                                                                                                                                            prospective employers before jumping
                                                                                                                                                                                                                                                            ship. While candidates are itching for a
                                                                                             more than five years                                   Hussein Jaber says: “I wanted to move                need to fill critical jobs worldwide,” said Jeff   move they are taking longer to convert
                                                                                                                                                    because my old job was not well organised or         Schwartz, a principal in the human capital         because of the risk associated with leaving
                                                                                                                                                    properly structured. I also wanted to increase       practice of Deloitte Consulting LLP and global     the comfort of an employer and the risks
                                                                                                                                                    my salary and to work with a company that            co-leader and U.S. leader for talent services.     inherent in joining a new employer.”
                                                                                                                                                    recognises the value of its employees. So I
                                                                                                                                                    started searching and was very happy to be           Our survey showed that it is these top             He continues: “To lure candidates to
                                                                                                                                                    taken on by my new employer in Morocco.”             performers who make up the bulk to today’s         make a switch, recruiters and employers
                                                                                                                                                                                                         global movers, 45% of our respondents who          are being more creative with incentive
                                                                                                                                                    He continues: “The company did everything            are working overseas have more than 16             packages and working harder at reassuring
                                                                                                                                                    possible to make the move as smooth as               years’ experience and only 18% have less           candidates about the benefits of a move.
                                                                                                                                                    possible. It sent me a detailed orientation          than five years’ experience. These figures         There’s been a marked increase in the
                                                                                                                                                    document telling me everything I needed              have risen since 2010 when 48% had more            number of contracts being suggested by
                                                                                                                                                    to know about Morocco and my job. Right              than 16 years and only 9% had less than            recruiters and employers to guarantee
                                                                                                                                                    from the start the company smoothed out              five, but this perhaps reflects the growing        bonus levels, minimum term contracts
                                                                                                                                                    all the difficulties, meaning that I could           awareness amongst younger workers that             and, at the senior executive end of the
                                                                                                                                                    settle in quickly and focus on my work.”             they need to get experience overseas.
      hen Christophe Mura left France back in    going respondents anticipated staying           two-year assignment. More and more people                                                                                                                  market, golden parachute payments.”
W     1996 to study in Edinburgh he expected     overseas only for up to five years, in fact a   are spending their entire careers working
                                                                                                                                                    His experience is not unusual. No longer             In the same way, 30% of our respondents hold
that he would soon return to France, probably    sizeable 45% of respondents have already        overseas, doing stints of several years at a
                                                                                                                                                    is an overseas stint the sole preserve of            professional qualifications: 35% have Masters
at the end of his course. 16 years later he is   been overseas for more than five years.         time in one country before moving to a new
                                                                                                                                                    those struggling to make the grade back              degrees, and 5% have Doctorates. Interestingly,
now working in Copenhagen as a Senior Drilling                                                   region where they gain fresh perspectives and
                                                                                                                                                    home, or those looking for a quiet spell in          only 8% hold MBAs, down from 11% three
Engineer, and he is yet to relocate back home.   “It’s not an easy life, but it is usually an    experiences. Very often they are hesitant at the
                                                                                                                                                    the sun. Today, it is the most experienced,          years ago, perhaps reflecting the decreasing
                                                 interesting one,” comments Mura. “Both my       start but become hooked on the lifestyle and
                                                                                                                                                    educated and high performing workers who             enthusiasm amongst senior executives for
Indeed one of the most significant               wife and I spent 18 months in Gabon, as well    keep doing it much longer than they intended.”
                                                                                                                                                    are looking to add international experience          these relatively expensive qualifications.
findings in the 2012 survey was that nine        as elsewhere around the globe. We moved to
                                                                                                                                                    to their CVs. Potential employers who want
out of ten respondents would continue            Copenhagen recently when I took up a position   This appears not so much a desire to keep
                                                                                                                                                    to hire them need to be prepared to emulate          These are senior people who are making
overseas and would also recommend this           with a new employer and I am pleased to say     travelling, more that they seem to like where
                                                                                                                                                    the effort made by the Jabers’ employer.             the move overseas: 10% are directors, 21%
experience to others. A third considers          that the move is working out very well.”        they live: 84% of respondents would like to
                                                                                                                                                                                                         senior managers, 23% middle managers, 10%
the country where they currently live to                                                         stay where they are and only 16% would like to
                                                                                                                                                    It is a concern for many corporate recruiters.       junior managers, and 2% are board members.
be home, and only 18% want to go back to         Raymond Madden, Visiting Professor at           move on. Half of those already abroad are even
                                                                                                                                                    A recent Deloitte/Forbes insight survey,             Accordingly 15% earn more than US$200,000
their home country in the near future.           ESCP Europe and the academic in charge          planning on applying for permanent residency.
                                                                                                                                                    ‘Talent Edge 2020’ reported that not being           a year, and only 40% under US$100,000.
                                                 of the survey, believes this is a significant
Mura is a good example of the tendency to        change in global mobility. He says: “We’re
work abroad longer than expected. Before         not seeing people going abroad to do a quick

13                                                                                                                                                                                                                                                                                                        14
How I found my job




                                                                                                                                                                                                                       18%




08
                                                                                                                                                                                                                       > Recruitment
                                                                                                                                                                                                                          consultant




                                                      	Recruiters
                                                      play a key role                                                                                    2%
                                                                                                                                                         Press




                                                                                                                                                                            13%                                                         19%
                                                                                                                                                                             Employer                                                  Headhunter
                                                                                                                                                                               direct




“As more organisations
                                                                                                                          How did
operate at a truly global level,                                                                                          you                                                                              13%
they need recruiters who
can provide them with global                                                                                              find your                                                                         Online
talent pools and expertise to
select the best candidates.”                                                                                              current job
Tim Smeaton, CEO
Hydrogen Group




                                                                                                                                                                                          13%
                                                                                                                                                                                           Friend/
                                                                                                                                                                                             colleague




      Three or four years ago, if you needed          In recent years there has been much talk         specialists provide them with access to                6%
 “    someone to go and work overseas, you’d          about the rise of online tools such as           the global organisations of their choice.”              Other
look around the office and ask for volunteers,”       LinkedIn®, which many have predicted will
says Dan Church, Hydrogen’s Client Services           allow companies to do their own recruitment      Roger Tweedy, the REC’s Director of Research,
Director. “Now it’s the other way around. Now         and so herald the demise of the recruitment      comments: “Our own research confirms this
people recognise the value of international           consultant. The survey showed that this          view: recruitment consultants and search
experience on their CV, and are queuing               is far from the case. The most common            firms remain pivotal to most employers’
up for the international assignments.”                way respondents found their current jobs
                                                      was through a headhunter (19%), and the
                                                                                                       talent acquisition strategies. Recruitment
                                                                                                       consultancies are ideally placed to harness
                                                                                                                                                                                                         16%
This is a significant shift in the world of           second most common route was through             next generation recruitment tools. Our                                                             Current
global migration, as it means that recruiting         a recruitment agency (18%). Only 0.32%           monthly tracking shows that over 90%                                                                 employer
companies increasingly have their pick of             found their current job through LinkedIn®.       of employers are pleased with the way
the best candidates, and those candidates                                                              consultants secure the best talent quickly
need to work hard to impress prospective              Tim Smeaton, Chief Executive Officer             for their businesses. As global competition
employers. Indeed, the 2012 survey revealed           Hydrogen Group, explains why recruitment         for rare skills continues, having a strategic
that finding a job is still the greatest barrier to   specialists are still important: “As more        partnership with recruitment consultancies
moving overseas. It has though fallen to 31%          organisations operate at a truly global level,   remains a commercial imperative.”
of the responses (from a high of 44% last year),      they need recruiters who can provide them
perhaps reflecting a global economy finally           with global talent pools and expertise to
beginning to recover from the worst of the            select the best candidates. Coupled with
financial crisis.                                     this, candidates recognise that recruitment




15                                                                                                                                                                                                                                                     16
Importance of international experience




09
                                                                                                                                                                              Energy
                                                                                                                                                                                       76%


                                                   	 Energy sector
                                                   leads way in                                                                                                     Pharmaceutical
                                                                                                                                                                                       73%
                                                   overseas relocation
                                                                                                                                                                                 Law
                                                                                                                                                                                       69%



                                                                                                                                                                             Finance
                                                                                                                                                                                       62%

      he energy sector is right at the forefront   world,” he says. “It’s the generation that         global worker mobility decrease. However,
 T    of global mobility and has been for          entered the industry as the North Sea oil          such is the demand for expertise within
many decades. While 59% of all Hydrogen            came on-stream and most of them are due            the sector, particularly in places like the
clients stated that international experience
in prospective employees is important, in the
energy sector 100% stated that opinion.
                                                   to retire in the next five to ten years. They
                                                   have worked in all the hardship locations,
                                                   and now they are much more selective about
                                                                                                      Middle East and Africa that there just aren’t
                                                                                                      the skills available. So overseas workers
                                                                                                      will still be very much in demand.”
                                                                                                                                                                                  HR
                                                                                                                                                                                       54%
                                                   the jobs and locations they will accept as         Ferguson offers this advice to anyone in the
In fact, the opportunity to work overseas          well as about the rates they demand.”              energy sector who is looking to attract leading
is one of the reasons young people enter                                                              professionals: “These people are excited by
the profession. It was certainly a positive        He continues: “As these skills become scarcer,     projects that involve high potential prospects,
factor for Doug Renton, a Senior Drilling          employers are looking to replace them with         leading edge technologies and market
Engineer in Sydney. “I’m from Aberdeen             local skilled workers. This is for several         leading talent and leadership. We’re seeing
originally,” he says. “So when I graduated         reasons. Firstly, as the skill gap grows it is     some organisations shift from functionally


                                                                                                                                                                                       51%
ten years ago I was eager to get out on an         easier to hold onto locally employed people.       aligned groups – for example, a department
overseas assignment and see the world.”            Secondly, it is increasingly a stipulation of      of geology – to multi-disciplined project         Transformational Technology
                                                   operating in developing markets that a certain     teams in which specialists can all learn
He continues: “I spent several years in The        proportion of a multinational corporation’s        from each other and develop new skills.”
Netherlands, and then just 18 months back          workforce is local. Thirdly, there are nationals
in the UK before this opportunity in Sydney        who have worked aboard, gained skills, and         For those who are hoping to land the top jobs
came up. I leapt at the opportunity. I’m           are now being encouraged to return home to         in the sector he concludes with this advice:
now married and we’re thinking of starting         work. Because of these developments, we            “Don’t just take an academic approach.
a family, so my enthusiasm for overseas            see a more strategic relationship occurring        Employers get frustrated by academically
work might wane, but up until now it’s             between employers and manpower suppliers.”         brilliant engineers who are unable to look
been a fantastic benefit of my career.”                                                               beyond their own role. If you can think about

However, according to Graham Chalker, Global
                                                   Chalker’s colleague, Rory Ferguson,
                                                   Director Oil  Gas at Hydrogen, adds: “The
                                                                                                      the broader commercial implications of
                                                                                                      everything you do you will exponentially
                                                                                                                                                           Business Transformation
                                                                                                                                                                                       42%
Practice Leader of Oil  Gas at Hydrogen,          final factor is that indigenous workers are        increase your value to a prospective employer.”
that may be about to change. “There is a           usually a more cost effective option than
community of people in the energy sector           overseas workers. So, in theory, in many
who have had a career working all over the         parts of the world we might expect to see



17                                                                                                                                                                                                    18
Australia




10                                     	Technology
                                       eases relocation
                                                                                                                                               Country spotlight




3 4          out
                                             linical trial assistant, Irina Teodorascu,   the top talent. After all, no matter how good             In both 2010 and 2011 the UN placed            investment commitment of most Western              being in Sydney. My daughter is in college in
                                        C    made her first international move
                                       in March 2012, moving from her native
                                                                                          a career opportunity, no matter how great
                                                                                          the appeal of an exciting new country, most
                                                                                                                                                “ Australia in second place on its
                                                                                                                                               Human Development Index, a comparative
                                                                                                                                                                                                   economies, and a lack of relevant skilled
                                                                                                                                                                                                   professionals is one of the main barriers
                                                                                                                                                                                                                                                      Fremantle and she came to stay with me in
                                                                                                                                                                                                                                                      Sydney, which was great fun for both of us. We


             of
                                       Romania to take up a freelance contract in         people want to be close to their families.           study of life expectancy, literacy, education       to bringing these projects to fruition.”           did all kinds of tourist stuff together, including
                                       Germany. Like many who take up an overseas         23% of survey respondents described it as            and standards of living for countries                                                                  a concert at the Sydney Opera House.”
                                       assignment she was initially concerned about       the most significant barrier to relocation.          worldwide. Put simply, Australia is one             Jackson reports that there is less demand
                                       feeling isolated and homesick. In the 2012         When asked to name what they missed                  of the best places in the world to live.            from financial services, partly because the        However, if a proposed piece of legislation
                                       survey, the number one reason for people           the most, 70% mentioned their families.                                                                  sector continues to struggle, and partly           comes into force as planned on 1st July



              Say social media has     to decide against relocation is family. As is      So it is reassuring for global professionals         This was strongly reflected in our report.          because there is less of a shortage of             2012, this Australian lifestyle may become
                  helped to reduce     the case with many of these professionals,         that video calls are now affordable and              Overall our respondents named Australia             local talent. He expects that in the future        less accessible to overseas workers. The
                    homesickness       Teodorascu has found that new technologies         practical right around the world.                    as the second most desired place to                 recruitment to this sector will be more            Australian Federal Government has unveiled
                                       are helping to mitigate the problem.                                                                    live and work. It was chosen by 9%, and,            about replacement than expansion, with             plans to effectively abolish tax-free living-




23%
                                                                                          Social media platforms such as Facebook®             unsurprisingly given its wealth of natural          many organisations seeing the merits of            away-from-home-allowances (LAFHAs).
                                       “I talk to my friends and family every day” she    allow even those in the most remote locations        resources, was the most popular choice              outsourcing and offshoring many of their           This follows an extensive review by the
                                       says. “We get in contact via Yahoo Messenger®      to keep in touch with friends and family,            for those in the Oil  Gas sector.                  support and technology functions. However,         Australian Taxation Office following concerns
                                       and Facebook®. So even though I am many            viewing their photos, hearing about their                                                                many oil  gas projects are reaching a             over the perceived abuse of LAFHAs paid
                                       kilometres away from them it doesn’t feel          daily activities and so helping to reduce the        However, it was slightly less popular than          point where they will suddenly need several        to foreign executives. But at the time of
                                       like it because we still share the everyday        inevitable feelings of isolation that occur in the   last year when it was chosen by 10%, and            thousand extra workers. “In the next two           writing, it is by no means certain that the
                                       aspects of our lives. It is certainly helping      early days of settling into a foreign country. In    Ivan Jackson, Managing Director Australia at        to three years recruitment to Australia will       legislation will be passed. Regardless, it is



     Described wanting to be close     me to settle into my exciting new life.”           fact 82% of our female respondents, and 70%          Hydrogen, confirms that the last 12 months          be at its highest ever,” he concludes.             essential that anyone considering a move
          to family as a significant                                                      of the men, told us that social media reduces        have seen a slight slowdown in workplace                                                               to Australia ensures they present the best
               barrier to relocation   These technologies also allow overseas             their homesickness. Perhaps partly due to            migration. “2010 was the first year since           So where do all these overseas workers come        possible case to prospective employers.
                                       workers to remain in contact with loved            this, the majority of respondents reported           2003 when there were not more skilled               from? The survey revealed that a large number
                                       ones. This is an important development for         that they find it easy to settle down, make          people leaving and arriving than the year           of Australians use their language to live and      For companies that are looking to attract top
                                       those relocating and those trying to attract       new friends, and adapt to a different culture.       before,” he says. “This is likely a result of the   work in the US and UK, and that many English       professionals to Australia, Jackson has this
                                                                                                                                               uncertainty that persists from the global           speakers come in the opposite direction,           advice: “It’s worth doing the obvious things like
                                                                                                                                               financial crisis, but the long-term trend tells     heading to Australia for its fabled lifestyle      financial and practical help with relocation but
                                                                                                                                               us that we will, in the near future, see inbound    and growing array of career opportunities. It is   the specific challenge we face in Australia is
                                                                                                                                               and outbound migration increasing again.”           also a popular destination for Singaporeans.       that we are too far away from the rest of the
                                                                                                                                                                                                                                                      world for people to pop over for interviews,
                                                                                                                                               He reports that the majority of those making        Dianne Weinert, a consultant geophysicist,         so employers are getting much more savvy
                                                                                                                                               the move either into Australia or out of it         has spent years working in places from             at using technology to interview candidates.
                                                                                                                                               are in the oil  gas, mining or engineering         Perth to Tripoli, Houston, and Copenhagen,         They are also becoming much better at sharing
                                                                                                                                               sectors. “There are currently 404 natural           and she has just relocated to Sydney. She          the experiences of their current workforce to
                                                                                                                                               resources projects taking place in Australia,”      says: “Tripoli was absolutely the worst and        help people make the cultural leap as much
                                                                                                                                               he says. “Together they are worth over              Australia the best and easiest. We lived in        as the work-place leap, and hence ensure a
                                                                                                                                               AUS$450 billion, a sum that dwarfs the              Perth for almost two years and are loving          much softer landing for their new hires.”


19                                                                                                                                                                                                                                                                                                    20
Germany                                                                                                                                                  Hong Kong




Country spotlight                                                                                                                                       Country spotlight




      ight at the heart of the European Union,     contract in Germany. She says: “I chose              becoming increasingly global,” says Murtagh.         ong Kong is one of the world’s leading          these individuals have been working overseas         rest of South East Asia a short flight away,
 R    with a population of more than 80 million,   Germany because I believe life is lived in the       “This has always been true of pharmaceutical     H   international financial centres, and is         and are perhaps looking to come home.”               there is also the opportunity to travel.
the fourth largest economy in the world,           proper way here. People here respect other           firms, but more and more companies in           increasingly used by multinationals as an
and one of the very few economies that has         people, every service is high quality, and even      finance, automotive, FMCG, and so on are        entry point into the Chinese economy. “Hong          Despite this, there are still opportunities          China’s influence on the region is growing and
grown over the past three years, Germany           the food is cheaper than in Romania. Already         raising their sights above the German market.   Kong is still considered by many as the finance      for non-Mandarin speakers as one lawyer              this is changing the commercial landscape.
is an excellent destination that offers many       I feel like I have been living here all my life. ”   To do this they need people with English        and business capital of the region,” says            who qualified in London and then spent two           Hong Kong is facilitating considerable
opportunities for those looking to relocate.                                                            speaking skills. So if you can offer fluent     Abigail Waudby, Director, Asia at Hydrogen.          years in Dubai before moving to Hong Kong            amounts of cross border work and the
                                                   Our respondents told us that the main                English and German you will be in demand.”                                                           demonstrates: “I was told there were fewer           changing global political stage is adding to
Yet, despite almost 10% of our respondents         barrier they face in moving to Germany is                                                            “The Asian economy is still strong,” she says.       opportunities available for non-Mandarin             the changes being experienced in Hong Kong.
being German speakers, and 7% being                insufficient relocation packages, Murtagh            She offers this advice to employers who         “With many companies investing significantly         speakers,” he says. “But I was lucky since
German nationals, only 3% named it as a            confirms that this is almost certainly the           are keen to tap into that small pool of         in growth in this region, this is creating a range   the market for funds lawyers is fairly               Waudby comments: “The crucial point
country where they would like to live and          case. “Employers in Germany have a large             candidates who have both those language         of opportunities for talented individuals.”          buoyant at the moment, and my recruitment            is that employers no longer need to pay
work. Stephanie Murtagh, Associate Director        indigenous pool of talent to draw from,              skills together with the necessary technical    She continues: “In certain areas there are           consultant was able to identify a suitable           substantial relocation packages and salaries
at Hydrogen, believes the remaining 97%            so they can be very picky about which                skills: “Everything you can do to smooth        acute skills shortages, and in these cases           role and guide me through the selection              to attract people here. Candidates need
are missing a potential opportunity.               overseas workers they hire.” Furthermore,            out the integration process will help. For      some firms are considering international             process towards a successful conclusion.”            to demonstrate a visible commitment to
                                                   the process for obtaining visas and work             example, before they make the move,             talent where the domestic talent pool                                                                     a decent length of tenure and realistic
“Germany is an excellent place to live and         permits in Germany is complex and time-              new hires like to speak to others who           is unable to keep up with demand. This               He also points out that Hong Kong offers a           expectations regarding remuneration.”
work. The economy is strong and it is home         consuming, which can deter some people.              have done it before. But also, during the       is not a new trend, but the rapid pace               good quality of life, “It’s an optimistic market,“
to some of most established and successful                                                              recruitment process remember to focus on        of growth in Asia has accelerated the                he explains. “It’s also a big city with a buzz . I   Finally, Waudby advises candidates to expect
companies in the world, so in general it offers    It has been notable in recent months                 the opportunity rather than the location.”      gap between supply and demand.”                      wanted the vibrancy and energy which a world         certain cultural differences. She explains:
good salaries. Living costs are reasonable,        that those not put off by these obstacles                                                                                                                 city provides and it is all here in Hong Kong.”      “The working culture here can feel very
healthcare provision is outstanding, and           have been those from countries that                                                                  However this supply gap has not made                                                                      different from Europe, with a more formal
the major cities such as Berlin, Munich,           are experiencing economic difficulties.                                                              Hong Kong employers any less selective.              Salaries in Hong Kong are comparable to              approach to business.But in terms of personal
Frankfurt, Hamburg and Dusseldorf are              Murtagh reports significant candidate                                                                Waudby says: “The strategic priority for many        other major financial and business centres,          development the roles in Hong Kong often
vibrant, cosmopolitan and exciting.”               flow from Italy and Eastern Europe.                                                                  companies is to build headcount of executives        and lower taxes give most people a 20-30%            involve a wider regional remit, which is usually
                                                                                                                                                        from the indigenous market of Hong Kong or           uplift in their take-home pay. Residents also        not the case in say London or New York.”
That is certainly the experience of Irina          Getting a foothold in the German job market is                                                       the People’s Republic of China. In many cases        enjoy a high standard of living and with the
Teodorascu, who in March 2012, moved from          challenging, but there are opportunities if you
her native Romania to take up a freelance          know where to look. “German companies are




21                                                                                                                                                                                                                                                                                                               22
Singapore                                                                                                                                               United Kingdom




Country spotlight                                                                                                                                      Country spotlight




      ingapore might be small with a              There are also significant numbers of energy,     fast track. If you have the right attitude, then   “The UK economy is heavily                he UK is a major economy – the sixth         like Australia can struggle to keep up
 S    population of only five million but this    pharmaceutical and engineering firms using        the opportunities exist here.”                     concentrated on the capital,
                                                                                                                                                                                           T     largest in the world – and, situated as it   with the frenetic rate of activity in the UK.
has not prevented it from becoming one of         Singapore as their regional HQ and, in addition   Walker agrees that Singapore is a highly           London, and there are few          is in between the time zones of North America       Everything needs to be done yesterday.”
the fastest growing business centres in the       to this, the Wealth Management sector has         attractive destination and he points out           places in the world that are       and South East Asia, it is a prime location for
world. The government has worked hard             experienced a growth rate of 22% AUM,             that this popularity has led to changes            as appealing to live and work.     investment by global corporates and London is       The UK draws in workplace migrants
to position Singapore as one of the most          twice the global average for the sector.”         in the recruitment sector; companies no            Because it is at the centre        one of the major financial centres of the world.    from around the world. Many come from
attractive destinations for multinational firms                                                     longer need to offer relocation packages to        of so much of the world’s                                                              the EU, as well as a good number from
to be based in Asia; offering ease of set up,     He continues: “These new industries growing       high performers; instead these candidates          business activity, it is a great   Daniel Fox, EMEA Director at Hydrogen, says:        the Commonwealth, such as Australia,
low taxation rates, and a business-friendly       their presence in Asia, with Singapore as         are fully aware of the opportunities that          place to come and take your        “The UK economy is heavily concentrated on          New Zealand, South Africa, India and the
trading environment. This has resulted in         their base, is one of the key drivers behind      a posting in Singapore can offer them.             career on to the next level.”      London, and there are few places in the world       Caribbean. Then there are expats returning
Singapore being ranked as the second freest       the continuous flow of talent into the                                                               Daniel Fox, Director EMEA          that are as appealing to live and work. Because     to the UK from roles in Asia and elsewhere.
economy in the world, behind only Hong Kong       country and the range of opportunities is         In addition to being an attractive destination,    Hydrogen                           it is at the centre of so much of the world’s
by the 2011 Index of Economic Freedom.            making Singapore a very exciting destination      the high quality Singaporean education                                                business activity, it is a great place to come      Our survey revealed that the UK is the
                                                  to consider for international tenure.”            system is producing a significant amount of                                           and take your career on to the next level.”         third most popular place in the world for
Singapore is now the 14th largest exporter                                                          indigenous talent, which is not only filling                                                                                              people to live and work. Fox reports that
and the 15th largest importer in the world,       Technology Bid Manager, Ben Morrell moved         domestic roles but also spreading its wings                                           He continues: “Outside of work it is a city         companies in the technology, oil and gas,
and has the highest trade-to-GDP ratio            from Sydney to Singapore in August 2011           beyond Singapore. “Singaporean lawyers                                                packed full of culture, new experiences, and        and pharmaceutical sectors continue to
of any country. There are more than 7,000         because it offered him access to a larger,        are in high demand from Hong Kong firms,”                                             people from every corner of the globe. There        recruit, while companies in the financial
multinational corporations in Singapore, as       faster-growing market. “There are 2.5 billion     reports Walker. “They tend to be more                                                 is something for everyone in London. What           services sector remain cautious.
well as 1,500 companies each from China           people in Asia, compared to 29 million in         culturally and professionally “Westernised”                                           is more, it is considerably easier to get a
and India. Indeed, around 40% of those            Australia,” he explains. “The move has gone       than their Chinese counterparts and they                                              visa here than it is in the US. In the past year    He concludes with this advice: “If you want
living in the country are foreign workers or      superbly. I’d travelled in the region before,     also have the necessary Mandarin skills.”                                             the Government has relaxed restrictions a           to secure a role in the UK, you need to
their dependents. Singapore is also well          so didn’t suffer any sort of culture shock,                                                                                             little and you no longer face the same uphill       demonstrate to your prospective employers
positioned to weather the more volatile trading   and I had several pre-job calls with my           Walker sums up: “If you want to come and                                              struggle as those trying to get into the US.”       that you are committed to the move.
conditions we have been experiencing in the       colleagues which helped me settle in.”            work here you need to make it clear you                                                                                                   Employers don’t want to be recruiting for
last few years, as it has attracted a varied                                                        see it as an important career move. You                                               That is not to say that it is perfect. Rental       senior roles once every three years; they want
number of industries to its shores providing      He adds: “Singapore is a great place to live.     probably won’t get a relocation package,                                              property is expensive. Fox also points out          long-term players. Often people find the UK is
resilience and a range of opportunities.          It’s compact so it is easy to get around and      and increasingly, companies here are only                                             that workers from other countries can find          a far better place to live than they expected.
                                                  the infrastructure is fantastic. It’s not easy    looking for international talent if they cannot                                       it hard to adapt to the pace of work in the         Many people say they are looking to come here
Simon Walker, Managing Director Asia at           living so far away from friends and family, and   fill a vacancy from the domestic talent pool.                                         UK. “This is especially true in the financial       for three to five years, but our survey reveals
Hydrogen, comments: “The big question             it took a little getting used to having a dozen   So the competition for roles has increased                                            services sector,” he says. “People who come         that 84% of them are still here after five years.”
here is whether Singapore will become             nationalities in the same office, as well as      and the roles will go to the best profiles with                                       here from relatively calm environments
Asia’s Silicon Valley or its Switzerland. It is   clients speaking so many different languages.     the clearest motivations and a commitment
recognised as a strong choice for back-office     But you adapt to it, just as you do to the more   to stay for a reasonable length of time.”
operations and there’s a trend for technology     formal and hierarchical way of doing business
companies to site their IT operations here.       here. At the end of the day, Singapore is the



23                                                                                                                                                                                                                                                                                            24
Hydrogen Global Professionals On The Move 2012

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Hydrogen Global Professionals On The Move 2012

  • 1. Global professionals on the move —2012 Copyright ©2012 Hydrogen Group plc. All rights reserved — www.hydrogengroup.com
  • 2. Contents Executive summary ES Executive summary 01 International experience key to career success 02 t any given moment there are around a million people in the air, all flying to Migration more widely spread A ever more far flung destinations. Some go for a weekend, some for a fortnight. than ever before A growing number make a career out of it. Where previously people used to move between floors in an organisation, now they are as likely to move continents. 03 Top destinations missing The third annual ‘Global Professionals on the Move’ report is set against this out on talent backdrop of global migration of professionals. Its aim is to look at the experience, attitudes and priorities of highly qualified, high earning professionals with regard to working abroad and to review the trends year on year. 04 Working abroad is not International experience is more and more a prerequisite for senior professionals. just for the young Over the last two years, survey respondents have highlighted the increasing importance of their international experience, this year, the trend is also supported by clients, with 59% of them saying that they too recognise its worth. 05 Women working abroad Given the career value of gaining international experience, it is significant that the report earlier in their careers highlights what a positive personal experience it can be. In fact it seems that once tried, people are in no rush to return to their country of origin. 90% of respondents would go abroad again and would recommend the experience to others, and one in three now 06 People moving abroad stay consider the country where they live to be home, with only 18% of those already abroad longer than expected wanting to repatriate in the near future. Remarkably, for 50% of those working abroad, the experience has been so positive that they are planning to apply for permanent residency. However, there are challenges to be faced. Although down from last year, 31% of those 07 already abroad said the biggest barrier to moving was finding a job. This could be a sign Even the best employees are of a global recovery in the economy but it also supports another key theme to emerge; the looking for greener grass importance of using recruitment specialists to help people in their search for a new role. Reviewing the demographic data highlights the increasing dominance of the over 08 Recruiters play a key role 30s in overseas assignments. Conversely the report reveals that professional women working overseas do so much earlier in their careers than men. In fact, the report shows that of the women who were working abroad when responding to the survey, only 15% are over 40, compared to nearly 50% of the men. 09 Energy sector leads way We have pulled together the key trends around demographics, countries of choice in overseas relocation and the benefits of working abroad to allow you to understand and be able to capitalise on the increasing importance of international experience. 10 Hydrogen Group Technology eases relocation —April 2012 CS Country spotlight - Australia, Germany, Hong Kong, Singapore, United Kingdom AP Appendix 2
  • 3. Relocating abroad 01 International experience key to 42% career success Already relocated Yes I would relocate 39% Would consider relocating abroad 13% No I wouldn’t relocate abroad 6% 90% > Relocation accelerated personal development T here are many reasons why professionals choose to live and work overseas. Some stated that their employers see international experience as important or very important. of the day it is a market of 22m compared to 3.9bn in Asia, so moving to Singapore “But they don’t because they get put off by all the hurdles in their path. Certainly there are “More people recognise that an overseas stint on their CV 86% go for new experiences and adventure, some This has increased from 63% in 2011. will take my career to the next level.” many hurdles to overcome. It’s not easy. But can open up a whole tranche to learn a language, others simply for better Hydrogen clients confirmed this trend: the reward is worth the effort.” of otherwise unavailable weather. But by far the most popular reason 59% of employers see international He continues: “I’m 28 and have no children, senior roles,” says Raymond is to develop their careers. After all, at many experience as important or very important, so this is an ideal time to be making moves Morrell is not alone. For the overwhelming Madden, Visiting Professor at companies, international experience is a and 57% of them see international that develop my career. We’ll stay here for majority who go to work overseas it is a ESCP Europe prerequisite for tenure of the top jobs. experience on a CV as an important or three to five years and then see what happens. positive experience: 98% of those we surveyed very important means of distinguishing Whatever we do, I can’t see us going back to said not only that relocating had been a > “More people recognise that an overseas between candidates of similar ability. the UK in the near future. Asia is where the positive part of their lives, but also that they Improved stint on their CV can open up a whole tranche career opportunities are in my industry. In would recommend relocating to others. career prospects of otherwise unavailable senior roles,” The world’s economy is coming together at more developed regions like Europe, North 83% says Raymond Madden, Visiting Professor an unprecedented rate, and it is becoming America and Australia, much of the broadcast The extent and depth of the benefits of at ESCP Europe, which conducted the increasingly clear that the top jobs of technology we sell and implement is already in relocation were striking. 90% reported research project. “This is the third year in tomorrow will go to those who have lifted place, but in Asia it is still a growth market.” that relocation accelerated their personal a row we have done this survey, and we are their horizons beyond their country of birth. development, and 86% said that it improved seeing a visible growth in understanding Clearly, those in their 20s and 30s who want their career prospects. 83% saw their salaries the value of working overseas.” “It has fast tracked my career,” says Ben to be at the top of their professions, need to rise, and 78% enjoyed an improvement in their Morrell, a UK national by birth who moved to be spending time gathering this international living conditions. > Saw their salaries rise 94 % of those who responded to the 2012 survey are considering relocating or have already done so, and they are taking the step Sydney upon graduating in 2006, and then, in August 2011 moved to Singapore to work as a Bid Manager for a global broadcast experience. Some like Morrell thrive on it; others see it as an insurmountable obstacle. to gain international experience because technology vendor. “I left the UK because I “I have many friends back home who would they recognise it as a key factor in career didn’t see the career opportunities there,” he love to do what I’m doing,” says Morrell. success. Supporting this, 72% of respondents explains. “Australia was great, but at the end 3 4
  • 4. Top 15 destinations 02 “People now need to go where the revenue is. Five years ago this might have been New York, London and Hong Kong; now it is also Migration more Shanghai, Houston, Vietnam and so on.” Dan Church, Director Hydrogen widely spread than ever before 13% USA 9% Australia 9% UK 6% Singapore 5% Canada hilst it might be expected that the was just 13%, a 5% fall in only 12 months. The global economy had not W global economic downturn is affecting The UK and Australia suffered falls of one influenced respondents’ people’s enthusiasm for working overseas, or and two percentage points respectively. decision to work overseas at least denting the ability of companies to hire, the 2012 survey indicates that this is not Interestingly, the main growth region was at all the case. In 2010 61% said the global Africa. Whereas in the past African countries 4% Switzerland 4% Hong Kong 4% France 3% UAE 3% Germany economy had not influenced their decision; have been barely mentioned by survey by 2012 this figure was still as high as 55%. respondents, this year they amounted to almost 8% of the responses. This almost However there are some signs that acquiring a certainly reflects the vast investment that new job overseas is taking professionals longer China and other countries are making in 55% than before. In 2010 41% of our respondents had been looking for more than three months, and by 2012 this figure had risen to 47%. the continent and the consequent growth in employment opportunities there. It is interesting to look at preferences by For Dan Church, Client Services Director at nationality. For example, French respondents Hydrogen, the most significant impact of the indicated that Brazil would be an attractive global financial crisis has been that migration destination, perhaps reflecting the fact that is spread more widely than ever before. Brazil already hosts 350 French companies “People now need to go where the revenue is,” and around 25,000 French citizens. he explains. “Five years ago this might have Another noteworthy finding is that people been New York, London and Hong Kong; now it from Singapore prefer to stay in the region, 3% Spain 3% New Zealand 2% China 2% Brazil 2% Italy is also Shanghai, Houston, Vietnam and so on.” identifying Hong Kong, China and Australia as their preferred relocation destinations. Accordingly, the 2012 survey revealed that This chimes neatly with the growing trend while the three most popular places for for corporates in Asia to prefer to recruit respondents to live and work remained the indigenous workers and demonstrates US, the UK and Australia, their dominance the global importance of the area. is waning. Last year 18% chose the US as their number one destination; this year it 5 6
  • 5. Visa restrictions “In many ways, New York was an ideal option for me, but I knew the visa would take a long time and involved a lot of 03 hassle. I would also have to sit a new exam. So in the end, I chose Hong Kong.” Hydrogen placed candidate, Hong Kong Top destinations missing out on talent Visa/work permit restrictions preventing relocation 12% 2012 17% 2011 Visa USA he third most popular reason to prevent years but I realised I didn’t want to be there for would be almost impossible,” he argues. “For T relocation, according to respondents, 10 years. Once you’ve been there longer than example, it would be far more sensible for the is visa/work permit issues (12%), and it three years you become overly specialised US authorities to look at finance, pharma and seems as though this is particularly an in the laws of that region and you can find the extractive industries and see what could issue for the US and Australia – the top two it hard to find a job in other jurisdictions.” be done to make it easier for global talent in desired destinations in the 2012 survey. those sectors to come and work in the US.” Australia Raymond Madden, Visiting Professor at He continues: “In many ways,New York was ESCP Europe and the academic in charge of an ideal option for me, but I knew the visa Of course one country’s loss is another the survey, comments: “It is clear from our would take a long time and involved a lot country’s gain. The fact that many highly research that the US is missing out on talent of hassle. I would also have to sit a new skilled, talented and motivated executives because of its stringent visa controls.” exam. So in the end, I chose Hong Kong.” cannot access jobs in the US and Australia means that they are looking for roles in This was certainly an issue for one lawyer, Both the US and Australia could gain access to other regions. Most notably the UK was, now at a US firm in Hong Kong, who moved a wealth of talent by relaxing their visa rules. until recently, as difficult to enter as the US there from Dubai last year. He explains: “I However it would be difficult to do politically, and Australia. The recent relaxation of UK qualified with a London firm in September and Madden argues that it would only be rules has yielded benefits for the country. 2007 and moved with that firm to Dubai in necessary in a few select sectors. “Trying 2009 . I was happy in Dubai for a couple of to implement a relaxation across the board 7 8
  • 6. Age range of respondents working abroad 04 22% 34% 24% Working abroad 16% is not just 4% for the young 20s 30s 40s 50s 60s ot so long ago overseas work was Corporates now look to fill their senior “In my many years of working in different to be well rewarded and so typically retire “I would say that more than N seen as something for the young. It roles with executives who have a global countries around the world I have learnt that before they turn 60. This means that a huge half of the professionals was UK teenagers picking grapes in France, perspective, and often recruit these directors often in foreign countries there are things percentage of the energy sector’s workforce in the Oil & Gas sector American graduates teaching English in and senior managers from overseas. At the about the way of life that you don’t agree with, will disappear in the next few years.” are over 45” Japan, or twentysomething Australians same time, those who aspire to fill these but you need to understand and respect them. Rory Ferguson, Director using their accountancy skills to spend top jobs are working overseas, putting This is the first rule of working overseas.” He continues: “So all the companies are Oil & Gas at Hydrogen a few years in Europe. The 2012 survey that global perspective on their CV. fighting over the next generation – the 35 shows that this is no longer the case. While the change in demographics is true to 45 year olds. They typically have the Global mobility amongst professionals Juan Moyano has spent 30 years working of many other sectors beyond energy, Rory necessary experience to do the key jobs, is increasingly driven by the over 30s. around the world on a variety of contracts. Last Ferguson, Director of Oil & Gas at Hydrogen but can also be expected to remain in the year he made his latest move, from Argentina reports that the trend is particularly evident in sector for a reasonable amount of time. 34% of respondents are in their 30s, 24% to Venezuela where he now works as Senior his sector and that it is becoming a pressing However, as there are fewer of them, we are in their 40s, and 21% over 50. This reflects Reserve Engineer for a French company. concern for employers. “I would say that more seeing fierce and intensifying competition the fact of increased global mobility. than half of the professionals in the Oil & to land the top talent in that demographic.” Gas sector are over 45,” he says. “They tend 9 10
  • 7. Women working abroad 05 Women working abroad earlier 21-30yr 31-40yr 41-50yr 15% in their careers 36% 44% “I’ve moved my family four he exception to the trend of older even consider working overseas without all 36% Percentage of women already working abroad aged between 21 and 30 or five times internationally. T talent being overseas is women. the support I get from my husband and kids. Finding a house or suitable Only 15% of women working overseas are We’re a team wherever we go. All I have to apartment, a school for my over 40, compared to nearly 50% of the do is focus on the geoscience at work.” 17% ten-year-old, visa and work men. In fact by and large women working permits, health care, getting overseas are young, single and childfree. She continues: “I’ve moved my family four or Percentage of men already working around and getting to know five times internationally. Finding a house or abroad aged between 21 and 30 the neighbours - it’s a huge 36% of women who are already abroad suitable apartment, a school for my ten-year- process of adjustment.” are between 21 and 30, while this applies old, visa and work permits, health care, getting Dianne Weinert, Consultant, to just 17% of the men. Equally 22% around and getting to know the neighbours Geophysicist of women working overseas are single, - it’s a huge process of adjustment.” compared to just 9% of men and, while 40% of female respondents in this sector She has 25 years’ experience as a seismic 17% have no children, the same is true for just interpreter, and is highly in demand in the 20% of the men. Perhaps the most telling energy sector. However, many women with 26% statistic in this regard is that only 23% of skills, experience and talent like hers lack respondents working overseas are women. the support her family provides and so 36% are not available to global recruiters. As was the case in last year’s report, women are just as, if not more, keen to relocate Those that do go abroad at a later stage, often than men are: 53% of women expressed a do so because they are following the career desire to relocate compared to 49% of men. relocation of their partners. 14% said that they Furthermore, for those who do move, it tends had relocated for this reason, compared to just to work out well: even if 59% of women 3% of men, which suggests that there is still who have moved overseas feel occasionally strength in the traditional image of women homesick (compared to 40% of men), 90% trailing behind their spouses’ careers. However, of them would repeat the experience. it should be noted that half the women who have followed their partner overseas feel Dianne Weinert, a consultant geophysicist, satisfied, whereas only a fifth of men who had has spent years working in places from Perth followed their partner abroad were satisfied. to Tripoli, Houston, Copenhagen and now Sydney. She says: “If I’m honest I wouldn’t 11 12
  • 8. 06 People moving abroad stay longer Even the best employees are looking 07 than expected for greener grass 45% andy and Hussein Jaber are brothers born able to find talent in global and developing R in the Lebanon with Canadian citizenship. markets is a concern for 41% of corporate Simon Whitehead, Partner at EOS Both are talented professionals with skills that executives and talent managers. 72% Law, which specialises in advising the are in demand in the construction industry. foresee a severe or a moderate shortage recruitment sector, agrees that the trend So when they became dissatisfied with their in R&D talent while 56% think it will be a is very much for the top employees to work and lives in Saudi Arabia, and looked for problem among executive leadership. be looking overseas. “More high flyers interesting roles, whilst also allowing them are looking for a move” he says. “At the of respondents have and their families to all live near to each other, their new employer in Morocco was prepared “What we are seeing is an unexpected talent paradox. Even though unemployment rates same time, however, they are seeking more safeguards than ever before from already been overseas for to put in the effort to bring them on board. remain relatively high in the US, companies are struggling to find the skilled workers they prospective employers before jumping ship. While candidates are itching for a more than five years Hussein Jaber says: “I wanted to move need to fill critical jobs worldwide,” said Jeff move they are taking longer to convert because my old job was not well organised or Schwartz, a principal in the human capital because of the risk associated with leaving properly structured. I also wanted to increase practice of Deloitte Consulting LLP and global the comfort of an employer and the risks my salary and to work with a company that co-leader and U.S. leader for talent services. inherent in joining a new employer.” recognises the value of its employees. So I started searching and was very happy to be Our survey showed that it is these top He continues: “To lure candidates to taken on by my new employer in Morocco.” performers who make up the bulk to today’s make a switch, recruiters and employers global movers, 45% of our respondents who are being more creative with incentive He continues: “The company did everything are working overseas have more than 16 packages and working harder at reassuring possible to make the move as smooth as years’ experience and only 18% have less candidates about the benefits of a move. possible. It sent me a detailed orientation than five years’ experience. These figures There’s been a marked increase in the document telling me everything I needed have risen since 2010 when 48% had more number of contracts being suggested by to know about Morocco and my job. Right than 16 years and only 9% had less than recruiters and employers to guarantee from the start the company smoothed out five, but this perhaps reflects the growing bonus levels, minimum term contracts all the difficulties, meaning that I could awareness amongst younger workers that and, at the senior executive end of the settle in quickly and focus on my work.” they need to get experience overseas. hen Christophe Mura left France back in going respondents anticipated staying two-year assignment. More and more people market, golden parachute payments.” W 1996 to study in Edinburgh he expected overseas only for up to five years, in fact a are spending their entire careers working His experience is not unusual. No longer In the same way, 30% of our respondents hold that he would soon return to France, probably sizeable 45% of respondents have already overseas, doing stints of several years at a is an overseas stint the sole preserve of professional qualifications: 35% have Masters at the end of his course. 16 years later he is been overseas for more than five years. time in one country before moving to a new those struggling to make the grade back degrees, and 5% have Doctorates. Interestingly, now working in Copenhagen as a Senior Drilling region where they gain fresh perspectives and home, or those looking for a quiet spell in only 8% hold MBAs, down from 11% three Engineer, and he is yet to relocate back home. “It’s not an easy life, but it is usually an experiences. Very often they are hesitant at the the sun. Today, it is the most experienced, years ago, perhaps reflecting the decreasing interesting one,” comments Mura. “Both my start but become hooked on the lifestyle and educated and high performing workers who enthusiasm amongst senior executives for Indeed one of the most significant wife and I spent 18 months in Gabon, as well keep doing it much longer than they intended.” are looking to add international experience these relatively expensive qualifications. findings in the 2012 survey was that nine as elsewhere around the globe. We moved to to their CVs. Potential employers who want out of ten respondents would continue Copenhagen recently when I took up a position This appears not so much a desire to keep to hire them need to be prepared to emulate These are senior people who are making overseas and would also recommend this with a new employer and I am pleased to say travelling, more that they seem to like where the effort made by the Jabers’ employer. the move overseas: 10% are directors, 21% experience to others. A third considers that the move is working out very well.” they live: 84% of respondents would like to senior managers, 23% middle managers, 10% the country where they currently live to stay where they are and only 16% would like to It is a concern for many corporate recruiters. junior managers, and 2% are board members. be home, and only 18% want to go back to Raymond Madden, Visiting Professor at move on. Half of those already abroad are even A recent Deloitte/Forbes insight survey, Accordingly 15% earn more than US$200,000 their home country in the near future. ESCP Europe and the academic in charge planning on applying for permanent residency. ‘Talent Edge 2020’ reported that not being a year, and only 40% under US$100,000. of the survey, believes this is a significant Mura is a good example of the tendency to change in global mobility. He says: “We’re work abroad longer than expected. Before not seeing people going abroad to do a quick 13 14
  • 9. How I found my job 18% 08 > Recruitment consultant Recruiters play a key role 2% Press 13% 19% Employer Headhunter direct “As more organisations How did operate at a truly global level, you 13% they need recruiters who can provide them with global find your Online talent pools and expertise to select the best candidates.” current job Tim Smeaton, CEO Hydrogen Group 13% Friend/ colleague Three or four years ago, if you needed In recent years there has been much talk specialists provide them with access to 6% “ someone to go and work overseas, you’d about the rise of online tools such as the global organisations of their choice.” Other look around the office and ask for volunteers,” LinkedIn®, which many have predicted will says Dan Church, Hydrogen’s Client Services allow companies to do their own recruitment Roger Tweedy, the REC’s Director of Research, Director. “Now it’s the other way around. Now and so herald the demise of the recruitment comments: “Our own research confirms this people recognise the value of international consultant. The survey showed that this view: recruitment consultants and search experience on their CV, and are queuing is far from the case. The most common firms remain pivotal to most employers’ up for the international assignments.” way respondents found their current jobs was through a headhunter (19%), and the talent acquisition strategies. Recruitment consultancies are ideally placed to harness 16% This is a significant shift in the world of second most common route was through next generation recruitment tools. Our Current global migration, as it means that recruiting a recruitment agency (18%). Only 0.32% monthly tracking shows that over 90% employer companies increasingly have their pick of found their current job through LinkedIn®. of employers are pleased with the way the best candidates, and those candidates consultants secure the best talent quickly need to work hard to impress prospective Tim Smeaton, Chief Executive Officer for their businesses. As global competition employers. Indeed, the 2012 survey revealed Hydrogen Group, explains why recruitment for rare skills continues, having a strategic that finding a job is still the greatest barrier to specialists are still important: “As more partnership with recruitment consultancies moving overseas. It has though fallen to 31% organisations operate at a truly global level, remains a commercial imperative.” of the responses (from a high of 44% last year), they need recruiters who can provide them perhaps reflecting a global economy finally with global talent pools and expertise to beginning to recover from the worst of the select the best candidates. Coupled with financial crisis. this, candidates recognise that recruitment 15 16
  • 10. Importance of international experience 09 Energy 76% Energy sector leads way in Pharmaceutical 73% overseas relocation Law 69% Finance 62% he energy sector is right at the forefront world,” he says. “It’s the generation that global worker mobility decrease. However, T of global mobility and has been for entered the industry as the North Sea oil such is the demand for expertise within many decades. While 59% of all Hydrogen came on-stream and most of them are due the sector, particularly in places like the clients stated that international experience in prospective employees is important, in the energy sector 100% stated that opinion. to retire in the next five to ten years. They have worked in all the hardship locations, and now they are much more selective about Middle East and Africa that there just aren’t the skills available. So overseas workers will still be very much in demand.” HR 54% the jobs and locations they will accept as Ferguson offers this advice to anyone in the In fact, the opportunity to work overseas well as about the rates they demand.” energy sector who is looking to attract leading is one of the reasons young people enter professionals: “These people are excited by the profession. It was certainly a positive He continues: “As these skills become scarcer, projects that involve high potential prospects, factor for Doug Renton, a Senior Drilling employers are looking to replace them with leading edge technologies and market Engineer in Sydney. “I’m from Aberdeen local skilled workers. This is for several leading talent and leadership. We’re seeing originally,” he says. “So when I graduated reasons. Firstly, as the skill gap grows it is some organisations shift from functionally 51% ten years ago I was eager to get out on an easier to hold onto locally employed people. aligned groups – for example, a department overseas assignment and see the world.” Secondly, it is increasingly a stipulation of of geology – to multi-disciplined project Transformational Technology operating in developing markets that a certain teams in which specialists can all learn He continues: “I spent several years in The proportion of a multinational corporation’s from each other and develop new skills.” Netherlands, and then just 18 months back workforce is local. Thirdly, there are nationals in the UK before this opportunity in Sydney who have worked aboard, gained skills, and For those who are hoping to land the top jobs came up. I leapt at the opportunity. I’m are now being encouraged to return home to in the sector he concludes with this advice: now married and we’re thinking of starting work. Because of these developments, we “Don’t just take an academic approach. a family, so my enthusiasm for overseas see a more strategic relationship occurring Employers get frustrated by academically work might wane, but up until now it’s between employers and manpower suppliers.” brilliant engineers who are unable to look been a fantastic benefit of my career.” beyond their own role. If you can think about However, according to Graham Chalker, Global Chalker’s colleague, Rory Ferguson, Director Oil Gas at Hydrogen, adds: “The the broader commercial implications of everything you do you will exponentially Business Transformation 42% Practice Leader of Oil Gas at Hydrogen, final factor is that indigenous workers are increase your value to a prospective employer.” that may be about to change. “There is a usually a more cost effective option than community of people in the energy sector overseas workers. So, in theory, in many who have had a career working all over the parts of the world we might expect to see 17 18
  • 11. Australia 10 Technology eases relocation Country spotlight 3 4 out linical trial assistant, Irina Teodorascu, the top talent. After all, no matter how good In both 2010 and 2011 the UN placed investment commitment of most Western being in Sydney. My daughter is in college in C made her first international move in March 2012, moving from her native a career opportunity, no matter how great the appeal of an exciting new country, most “ Australia in second place on its Human Development Index, a comparative economies, and a lack of relevant skilled professionals is one of the main barriers Fremantle and she came to stay with me in Sydney, which was great fun for both of us. We of Romania to take up a freelance contract in people want to be close to their families. study of life expectancy, literacy, education to bringing these projects to fruition.” did all kinds of tourist stuff together, including Germany. Like many who take up an overseas 23% of survey respondents described it as and standards of living for countries a concert at the Sydney Opera House.” assignment she was initially concerned about the most significant barrier to relocation. worldwide. Put simply, Australia is one Jackson reports that there is less demand feeling isolated and homesick. In the 2012 When asked to name what they missed of the best places in the world to live. from financial services, partly because the However, if a proposed piece of legislation survey, the number one reason for people the most, 70% mentioned their families. sector continues to struggle, and partly comes into force as planned on 1st July Say social media has to decide against relocation is family. As is So it is reassuring for global professionals This was strongly reflected in our report. because there is less of a shortage of 2012, this Australian lifestyle may become helped to reduce the case with many of these professionals, that video calls are now affordable and Overall our respondents named Australia local talent. He expects that in the future less accessible to overseas workers. The homesickness Teodorascu has found that new technologies practical right around the world. as the second most desired place to recruitment to this sector will be more Australian Federal Government has unveiled are helping to mitigate the problem. live and work. It was chosen by 9%, and, about replacement than expansion, with plans to effectively abolish tax-free living- 23% Social media platforms such as Facebook® unsurprisingly given its wealth of natural many organisations seeing the merits of away-from-home-allowances (LAFHAs). “I talk to my friends and family every day” she allow even those in the most remote locations resources, was the most popular choice outsourcing and offshoring many of their This follows an extensive review by the says. “We get in contact via Yahoo Messenger® to keep in touch with friends and family, for those in the Oil Gas sector. support and technology functions. However, Australian Taxation Office following concerns and Facebook®. So even though I am many viewing their photos, hearing about their many oil gas projects are reaching a over the perceived abuse of LAFHAs paid kilometres away from them it doesn’t feel daily activities and so helping to reduce the However, it was slightly less popular than point where they will suddenly need several to foreign executives. But at the time of like it because we still share the everyday inevitable feelings of isolation that occur in the last year when it was chosen by 10%, and thousand extra workers. “In the next two writing, it is by no means certain that the aspects of our lives. It is certainly helping early days of settling into a foreign country. In Ivan Jackson, Managing Director Australia at to three years recruitment to Australia will legislation will be passed. Regardless, it is Described wanting to be close me to settle into my exciting new life.” fact 82% of our female respondents, and 70% Hydrogen, confirms that the last 12 months be at its highest ever,” he concludes. essential that anyone considering a move to family as a significant of the men, told us that social media reduces have seen a slight slowdown in workplace to Australia ensures they present the best barrier to relocation These technologies also allow overseas their homesickness. Perhaps partly due to migration. “2010 was the first year since So where do all these overseas workers come possible case to prospective employers. workers to remain in contact with loved this, the majority of respondents reported 2003 when there were not more skilled from? The survey revealed that a large number ones. This is an important development for that they find it easy to settle down, make people leaving and arriving than the year of Australians use their language to live and For companies that are looking to attract top those relocating and those trying to attract new friends, and adapt to a different culture. before,” he says. “This is likely a result of the work in the US and UK, and that many English professionals to Australia, Jackson has this uncertainty that persists from the global speakers come in the opposite direction, advice: “It’s worth doing the obvious things like financial crisis, but the long-term trend tells heading to Australia for its fabled lifestyle financial and practical help with relocation but us that we will, in the near future, see inbound and growing array of career opportunities. It is the specific challenge we face in Australia is and outbound migration increasing again.” also a popular destination for Singaporeans. that we are too far away from the rest of the world for people to pop over for interviews, He reports that the majority of those making Dianne Weinert, a consultant geophysicist, so employers are getting much more savvy the move either into Australia or out of it has spent years working in places from at using technology to interview candidates. are in the oil gas, mining or engineering Perth to Tripoli, Houston, and Copenhagen, They are also becoming much better at sharing sectors. “There are currently 404 natural and she has just relocated to Sydney. She the experiences of their current workforce to resources projects taking place in Australia,” says: “Tripoli was absolutely the worst and help people make the cultural leap as much he says. “Together they are worth over Australia the best and easiest. We lived in as the work-place leap, and hence ensure a AUS$450 billion, a sum that dwarfs the Perth for almost two years and are loving much softer landing for their new hires.” 19 20
  • 12. Germany Hong Kong Country spotlight Country spotlight ight at the heart of the European Union, contract in Germany. She says: “I chose becoming increasingly global,” says Murtagh. ong Kong is one of the world’s leading these individuals have been working overseas rest of South East Asia a short flight away, R with a population of more than 80 million, Germany because I believe life is lived in the “This has always been true of pharmaceutical H international financial centres, and is and are perhaps looking to come home.” there is also the opportunity to travel. the fourth largest economy in the world, proper way here. People here respect other firms, but more and more companies in increasingly used by multinationals as an and one of the very few economies that has people, every service is high quality, and even finance, automotive, FMCG, and so on are entry point into the Chinese economy. “Hong Despite this, there are still opportunities China’s influence on the region is growing and grown over the past three years, Germany the food is cheaper than in Romania. Already raising their sights above the German market. Kong is still considered by many as the finance for non-Mandarin speakers as one lawyer this is changing the commercial landscape. is an excellent destination that offers many I feel like I have been living here all my life. ” To do this they need people with English and business capital of the region,” says who qualified in London and then spent two Hong Kong is facilitating considerable opportunities for those looking to relocate. speaking skills. So if you can offer fluent Abigail Waudby, Director, Asia at Hydrogen. years in Dubai before moving to Hong Kong amounts of cross border work and the Our respondents told us that the main English and German you will be in demand.” demonstrates: “I was told there were fewer changing global political stage is adding to Yet, despite almost 10% of our respondents barrier they face in moving to Germany is “The Asian economy is still strong,” she says. opportunities available for non-Mandarin the changes being experienced in Hong Kong. being German speakers, and 7% being insufficient relocation packages, Murtagh She offers this advice to employers who “With many companies investing significantly speakers,” he says. “But I was lucky since German nationals, only 3% named it as a confirms that this is almost certainly the are keen to tap into that small pool of in growth in this region, this is creating a range the market for funds lawyers is fairly Waudby comments: “The crucial point country where they would like to live and case. “Employers in Germany have a large candidates who have both those language of opportunities for talented individuals.” buoyant at the moment, and my recruitment is that employers no longer need to pay work. Stephanie Murtagh, Associate Director indigenous pool of talent to draw from, skills together with the necessary technical She continues: “In certain areas there are consultant was able to identify a suitable substantial relocation packages and salaries at Hydrogen, believes the remaining 97% so they can be very picky about which skills: “Everything you can do to smooth acute skills shortages, and in these cases role and guide me through the selection to attract people here. Candidates need are missing a potential opportunity. overseas workers they hire.” Furthermore, out the integration process will help. For some firms are considering international process towards a successful conclusion.” to demonstrate a visible commitment to the process for obtaining visas and work example, before they make the move, talent where the domestic talent pool a decent length of tenure and realistic “Germany is an excellent place to live and permits in Germany is complex and time- new hires like to speak to others who is unable to keep up with demand. This He also points out that Hong Kong offers a expectations regarding remuneration.” work. The economy is strong and it is home consuming, which can deter some people. have done it before. But also, during the is not a new trend, but the rapid pace good quality of life, “It’s an optimistic market,“ to some of most established and successful recruitment process remember to focus on of growth in Asia has accelerated the he explains. “It’s also a big city with a buzz . I Finally, Waudby advises candidates to expect companies in the world, so in general it offers It has been notable in recent months the opportunity rather than the location.” gap between supply and demand.” wanted the vibrancy and energy which a world certain cultural differences. She explains: good salaries. Living costs are reasonable, that those not put off by these obstacles city provides and it is all here in Hong Kong.” “The working culture here can feel very healthcare provision is outstanding, and have been those from countries that However this supply gap has not made different from Europe, with a more formal the major cities such as Berlin, Munich, are experiencing economic difficulties. Hong Kong employers any less selective. Salaries in Hong Kong are comparable to approach to business.But in terms of personal Frankfurt, Hamburg and Dusseldorf are Murtagh reports significant candidate Waudby says: “The strategic priority for many other major financial and business centres, development the roles in Hong Kong often vibrant, cosmopolitan and exciting.” flow from Italy and Eastern Europe. companies is to build headcount of executives and lower taxes give most people a 20-30% involve a wider regional remit, which is usually from the indigenous market of Hong Kong or uplift in their take-home pay. Residents also not the case in say London or New York.” That is certainly the experience of Irina Getting a foothold in the German job market is the People’s Republic of China. In many cases enjoy a high standard of living and with the Teodorascu, who in March 2012, moved from challenging, but there are opportunities if you her native Romania to take up a freelance know where to look. “German companies are 21 22
  • 13. Singapore United Kingdom Country spotlight Country spotlight ingapore might be small with a There are also significant numbers of energy, fast track. If you have the right attitude, then “The UK economy is heavily he UK is a major economy – the sixth like Australia can struggle to keep up S population of only five million but this pharmaceutical and engineering firms using the opportunities exist here.” concentrated on the capital, T largest in the world – and, situated as it with the frenetic rate of activity in the UK. has not prevented it from becoming one of Singapore as their regional HQ and, in addition Walker agrees that Singapore is a highly London, and there are few is in between the time zones of North America Everything needs to be done yesterday.” the fastest growing business centres in the to this, the Wealth Management sector has attractive destination and he points out places in the world that are and South East Asia, it is a prime location for world. The government has worked hard experienced a growth rate of 22% AUM, that this popularity has led to changes as appealing to live and work. investment by global corporates and London is The UK draws in workplace migrants to position Singapore as one of the most twice the global average for the sector.” in the recruitment sector; companies no Because it is at the centre one of the major financial centres of the world. from around the world. Many come from attractive destinations for multinational firms longer need to offer relocation packages to of so much of the world’s the EU, as well as a good number from to be based in Asia; offering ease of set up, He continues: “These new industries growing high performers; instead these candidates business activity, it is a great Daniel Fox, EMEA Director at Hydrogen, says: the Commonwealth, such as Australia, low taxation rates, and a business-friendly their presence in Asia, with Singapore as are fully aware of the opportunities that place to come and take your “The UK economy is heavily concentrated on New Zealand, South Africa, India and the trading environment. This has resulted in their base, is one of the key drivers behind a posting in Singapore can offer them. career on to the next level.” London, and there are few places in the world Caribbean. Then there are expats returning Singapore being ranked as the second freest the continuous flow of talent into the Daniel Fox, Director EMEA that are as appealing to live and work. Because to the UK from roles in Asia and elsewhere. economy in the world, behind only Hong Kong country and the range of opportunities is In addition to being an attractive destination, Hydrogen it is at the centre of so much of the world’s by the 2011 Index of Economic Freedom. making Singapore a very exciting destination the high quality Singaporean education business activity, it is a great place to come Our survey revealed that the UK is the to consider for international tenure.” system is producing a significant amount of and take your career on to the next level.” third most popular place in the world for Singapore is now the 14th largest exporter indigenous talent, which is not only filling people to live and work. Fox reports that and the 15th largest importer in the world, Technology Bid Manager, Ben Morrell moved domestic roles but also spreading its wings He continues: “Outside of work it is a city companies in the technology, oil and gas, and has the highest trade-to-GDP ratio from Sydney to Singapore in August 2011 beyond Singapore. “Singaporean lawyers packed full of culture, new experiences, and and pharmaceutical sectors continue to of any country. There are more than 7,000 because it offered him access to a larger, are in high demand from Hong Kong firms,” people from every corner of the globe. There recruit, while companies in the financial multinational corporations in Singapore, as faster-growing market. “There are 2.5 billion reports Walker. “They tend to be more is something for everyone in London. What services sector remain cautious. well as 1,500 companies each from China people in Asia, compared to 29 million in culturally and professionally “Westernised” is more, it is considerably easier to get a and India. Indeed, around 40% of those Australia,” he explains. “The move has gone than their Chinese counterparts and they visa here than it is in the US. In the past year He concludes with this advice: “If you want living in the country are foreign workers or superbly. I’d travelled in the region before, also have the necessary Mandarin skills.” the Government has relaxed restrictions a to secure a role in the UK, you need to their dependents. Singapore is also well so didn’t suffer any sort of culture shock, little and you no longer face the same uphill demonstrate to your prospective employers positioned to weather the more volatile trading and I had several pre-job calls with my Walker sums up: “If you want to come and struggle as those trying to get into the US.” that you are committed to the move. conditions we have been experiencing in the colleagues which helped me settle in.” work here you need to make it clear you Employers don’t want to be recruiting for last few years, as it has attracted a varied see it as an important career move. You That is not to say that it is perfect. Rental senior roles once every three years; they want number of industries to its shores providing He adds: “Singapore is a great place to live. probably won’t get a relocation package, property is expensive. Fox also points out long-term players. Often people find the UK is resilience and a range of opportunities. It’s compact so it is easy to get around and and increasingly, companies here are only that workers from other countries can find a far better place to live than they expected. the infrastructure is fantastic. It’s not easy looking for international talent if they cannot it hard to adapt to the pace of work in the Many people say they are looking to come here Simon Walker, Managing Director Asia at living so far away from friends and family, and fill a vacancy from the domestic talent pool. UK. “This is especially true in the financial for three to five years, but our survey reveals Hydrogen, comments: “The big question it took a little getting used to having a dozen So the competition for roles has increased services sector,” he says. “People who come that 84% of them are still here after five years.” here is whether Singapore will become nationalities in the same office, as well as and the roles will go to the best profiles with here from relatively calm environments Asia’s Silicon Valley or its Switzerland. It is clients speaking so many different languages. the clearest motivations and a commitment recognised as a strong choice for back-office But you adapt to it, just as you do to the more to stay for a reasonable length of time.” operations and there’s a trend for technology formal and hierarchical way of doing business companies to site their IT operations here. here. At the end of the day, Singapore is the 23 24