With globalisation and increasing mobility of professionals, the range of job opportunities is boundless. Notably, professionals are looking to move from the West to East to further their career growth.
Depending on their personal circumstances such as whether they are married and have children, it would be fair to say that more people are open to an international career in comparison with for instance, 20 years ago.
The draw of Asia
Professionals look to move from the West to East for a number of reasons. The job market in Asia is generally more favourable than in the current troubled European and American economies.
Many organisations are looking to expand in Asia and professionals know that there are many opportunities here and that Asia is a focus for companies and this could translate into a good career move.
Additionally, the depreciation of against Asian currencies makes cost of a move – coupled with generally lower tax rates, enhances Asia’s location as an attractive work destination.
The world is becoming a much more connected place and many individuals have been educated or spent some time abroad.
A trend to remain
Whilst the growth rates in Asia remain strong and organisations look to take advantage of the better economic conditions in the region, this will continue to present opportunities so it will mean that this trend is likely to continue for the feasible future; especially if Western economies continue to stagnate and opportunities are limited in that part of the world.
Mobility of senior personnel
As multinational organisations increasingly relocate headquarters to China (specifically Shanghai, Beijing or Guangzhou), we expect a growing interest among senior level candidates to relocate.
In some instances we are seeing larger local companies looking to hire Westerners in senior positions, especially if they are looking to grow outside of their home markets if they realise that they need a skill set which is going to be hard to find locally.
However, culture fit and potential language barriers do mean that these instances are not very common and Westerners are more likely to be hired into larger, global multi-national organisations.
Thinking of relocation? We are happy to help, please contact:
Lulu Zhou, Associate Director (Beijing Office)
+86 10 5282 1816