You might be thinking about finding a new place to work that is better
suited to your needs as international travel restrictions start to loosen with
the gradual return of normalcy.
It's possible that your current country of residence hinders your ability
to advance professionally. Finding the ideal location for your new business
venture requires careful research, regardless of whether you lack
opportunities, employee benefits, safety, or a respectable salary.
We've compiled the top 5 countries for career advancement based on data
from the HSBC Expat Explorer survey, which polls expats in 46 different
nations, to make your journey into uncharted territory easier.
Here are Top 5 International Countries for Career Advancement
1. Switzerland
Switzerland is regarded as a great all-around destination for a career
abroad, and it starts off our list of the top nations for career development.
Nearly two thirds of expatriates in Switzerland claim that salaries there are
higher than in their home countries, according to the HSBC Expat Explorer
survey. In addition, 53% of respondents said they enjoyed working there, and
43% admitted that their current position made them feel more secure than their
previous jobs at home.
2. Germany
Germany, another of the top nations for career advancement, is home to
some of the largest corporations in the world. The nation not only provides
easy immigration procedures, a broad range of employment opportunities across
all industries, and a relatively low cost of living, but it also makes for a
great place to learn new skills and keep a secure job.
75 percent of expatriates give their job security a positive rating, and
85 percent are satisfied with the state of the local economy, according to a
2023 Expat Insider survey by wefinder24 Teams.
3. Singapore
Singapore is regarded as a great place to further your career, much like
its neighbor, but it does not have a great work-life balance. Despite the fact
that 62 percent of expats say they have advanced in their careers, 30% of
expats claim that their standard of living has decreased.
Singapore could still meet your needs if money and a happy workplace are
what you're after, though. Almost two-thirds of expats claim that their earnings
prospects are better than in their home country, and 53% report feeling more
fulfilled at work.
4. Hong Kong
Asia is a popular region for expats as well, with Hong Kong receiving a
particularly high rating of 68 percent as a good location for employment
prospects and 63 percent for career advancement. Although Hong Kong is known
for being a business hub and a place with a lot of opportunities, it might not
be the best place for you if you're looking for a place with a good work-life
balance.
Only 28% of expats say their work-life balance has improved, and 50%
admit that it has actually gotten worse since they moved to Hong Kong,
according to the HSBC Expat Explorer survey.
5. United Arab Emirates
Additionally, regarded as a great location for career advancement are the
United Arab Emirates. The UAE, known for its skyscrapers and rapidly growing
business district, is quickly gaining popularity among expats. It is the most
secure region in the Middle East for both tourists and locals, and it offers a
thriving business economy and a large number of employment opportunities.
Furthermore, foreign nationals who live in the UAE are very optimistic about
their future there. 53 percent of respondents to the HSBC Expat Explorer survey
anticipate an increase in income, and 57 percent are optimistic about a better
work-life balance over the coming year.
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