Singapore ranks as one of top global destinations for expats
Singapore - Singapore and Hong Kong have been ranked as one of the most popular global destinations for work relocation. This is mainly attributed to the cities’ low crime rate, tax incentives, excellent lifestyle and opportunities for personal development in the region. In fact, 100 percent of professional women surveyed saying they would recommend working there to others.
In a recent Global Professionals on the Move Report 2011 survey commissioned by Hydrogen Group and conducted by a consultancy project team from the European Business School - ESCP Europe, the recruitment firm aimed to seek out insights into the motivations and experiences of mid to senior level professionals regarding working abroad. The survey was based on responses from 2,637 professionals across 85 countries, 91 percent of whom were already working abroad or looking to do so.
The survey found that respondents cited US, UK, Australia and Switzerland to be the top-ranking work destinations. Singapore tied in fifth position with Canada, while Hong Kong, France and UAE came in sixth position.
Furthermore, 94 percent of the overall survey respondents who had moved to Asia said their living conditions had improved with the move. 86 percent also saw an improvement in their salary package as well. These findings confirm that working overseas can be an extremely positive experience, said Simon Walker, Hydrogen Asia’s Regional Managing Director.
The report also found that women are not getting as much international experience as men, which may be a factor hindering their career progression. However, Walker said that Hydrogen has noticed an increase in the number of women from overseas taking advantage of the career opportunities offered here in Southeast Asia.
With many global firms setting up headquarters here or expanding their operations to include branch offices in Southeast Asia, Walker said that companies, especially those in the banking sectors, are now looking to source experienced female professionals from a global talent pool.
The survey also found that an overwhelming majority (98%) of professionals said they would recommend working overseas to others, while 82 percent of professionals already working abroad said they were likely to stay overseas.