So, what are the main attractions of the expat lifestyle? Typically expats benefit from regular travel, good compensation and excellent career development opportunities. Currently the most popular destination for most British professionals is Asia Pacific.
Morgan McKinley has launched a new International Candidate Management function that can assist you with your global employment search but it’s also important for you to do your due diligence and have realistic expectations before taking the plunge!
The Asia Pacific region is experiencing economic growth and there are great opportunities available for talented individuals. If you’re considering a move abroad to seek a new lifestyle or “spring-board” your career, you must remember that you will be competing with local talent for roles. It’s important that you research locations, industries and companies to demonstrate your knowledge and enthusiasm to potential employers. Companies are looking for specialist, niche skills in order to fill their employment gaps – will their next hire be you?
It’s also important to be aware that local or “local plus” salary packages are what you can currently expect to be offered when looking to re-locate to China, Singapore or Hong Kong. This usually includes a local salary with a cash allowance for housing assistance, and placement in the local pension plan – but no other ‘plus’ elements. There may be exceptions for top tier senior professionals. To review our Singapore and Hong Kong salary surveys please visit www.morganmckinley.com.sg and www.morganmckinley.com.hk
On the whole, many expats I speak with feel financially comfortable and believe they have made the right decision in moving abroad. A NatWest study published last year found that 90% of expats reported an improvement in their quality of life since moving abroad, including an increase in their overall remuneration. They also claimed to have achieved a better work-life balance, with far more leisure time and comparatively less exhausting working hours.
Are you considering a move abroad? To discuss your options contact Anouska Serich on +44 (0) 207 092 0015 or email aserich@morganmckinley.co.uk.
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