If you have ever considered working abroad, then you’re not alone. New research from AXA reveals that more than a third (38%) of firms who responded to their survey said staff increasingly want to work abroad on short-term contracts and commute from their home country, leading to increased global mobility for qualified professionals.
So what are the benefits for those who might be considering a move abroad? Working internationally can lead to staff boosting their earnings and career prospects. AXA’s international research across 11 markets found that 98% of big businesses surveyed say a globally mobile workforce is important, with a third saying it is critical to their success. We recently helped one individual get a 40% pay increase and move to a 15% tax jurisdiction in one fell swoop. Not too shabby. So while it’s clear that it’s a viable option for many large businesses, what should employees or potential candidates consider before committing to working overseas or looking for their perfect placement? Recruitment agencies, well good recruitment agencies at least, will have an important role to play in advising candidates on upcoming opportunities, but they will also act as a professional guide to help jobseekers navigate the financial, legal, cultural and practical challenges that working abroad can bring. An experienced recruitment consultant will be able to advise on how relevant your domestic knowledge is in the international market, where you are able to work and if any additional qualifications or languages are required. They will also be in a good position to offer candid insight around how a placement overseas will impact your overall career trajectory. While a short term contract may provide a real boost to your CV, it is possible that, in some instances, that two years away can essentially mean that career development is put on hold until you re-enter the domestic market – something certainly worth considering. Alongside this, there are also the emotional and social implications of uprooting both professionals and their families. Having to contend with the local culture, climate and food may be trickier than expected, not to mention the logistics of managing an international move. Look carefully at what any proposed ex-pat relocation package provides. For example, accommodation, transport, flights back home, schooling for children, relocation allowances or health coverage.
Overseas professionals are increasingly seeking flexibility with three-quarters (75%) of employers from the AXA survey saying that people now want to commute internationally and continue living at home, in essence becoming an ‘international commuter’. This is particularly understandable if employees are being seconded to roles which may involve living in single or married quarters in a compound environment in regions such as the UAE. Typically staff are very well looked after and the arrangement may include the use of a car and driver. So while these opportunities might not suit everyone, for those who are looking for a fresh challenge, the opportunity of global mobility for professionals might be one to consider. The chance to move to another country and experience more variety in your work will undoubtedly put a different perspective on life. Add in the chance to enhance your CV and it might be too good a chance to miss.
If you’re an accountancy professional looking for your next role or an employer looking to boost your team, then maybe we should be talking.
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