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Australia forced out of top ten expat hubs in shock survey result
| Published: | 29 Mar at 6 PM |
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After years of being placed in the top ten expat worker destinations, Australia’s star is fading fast due to the country’s excessively laid-back ambience.
The latest edition of HSBC Bank’s popular Expat Explorer survey relegated Australia to 11th place as a destination for expat professionals eager to further their careers as well as enjoying the continent’s famous outdoor lifestyle. Surprisingly, respondents felt the well-known Aussie trait of ‘it’ll be all right’ is deemed unsuitable nowadays by the obsessively career minded top talent formerly flooding to the country.
According to the survey, the Australian attitude to work and life is no longer enough for millennials committed to climbing the ladder of business success, as they’re now heading off to New Zealand, Bahrain, Canada and especially Singapore, the new number one on the survey’s list. The majority of expats surveyed had relocated from the UK, with 55 per cent male and 45 per cent female, and the continent’s famous lifestyle saved it from sinking significantly lower in the ratings.
Relocation destinations are scored based on the three most important factors in the lives of expats – experience, economics and family. The economics score takes into account responses concerning personal finance, confidence in the destination country's economy of and overall impressions of the working life. The score in the experience category measures quality of life, ease of getting settled in and the community surrounding individual expats, and the family score is based on the nation’s family-friendliness, cultural acceptance, childcare, education and the costs for each factor.
Australia’s most successful survey sector, rated at five, was ‘experience’, possibly influenced by the mostly sunny, hot climate, a factor important to the 52 per cent of UK expatriates who responded. The economics sector produced a somewhat sad rating of 18 out of all the countries surveyed, and the family sector fared still worse at 20th, possibly due to the cost of education as well as Australia’s souring cost of living.
Source: Business Insider Australia
The latest edition of HSBC Bank’s popular Expat Explorer survey relegated Australia to 11th place as a destination for expat professionals eager to further their careers as well as enjoying the continent’s famous outdoor lifestyle. Surprisingly, respondents felt the well-known Aussie trait of ‘it’ll be all right’ is deemed unsuitable nowadays by the obsessively career minded top talent formerly flooding to the country.
According to the survey, the Australian attitude to work and life is no longer enough for millennials committed to climbing the ladder of business success, as they’re now heading off to New Zealand, Bahrain, Canada and especially Singapore, the new number one on the survey’s list. The majority of expats surveyed had relocated from the UK, with 55 per cent male and 45 per cent female, and the continent’s famous lifestyle saved it from sinking significantly lower in the ratings.
Relocation destinations are scored based on the three most important factors in the lives of expats – experience, economics and family. The economics score takes into account responses concerning personal finance, confidence in the destination country's economy of and overall impressions of the working life. The score in the experience category measures quality of life, ease of getting settled in and the community surrounding individual expats, and the family score is based on the nation’s family-friendliness, cultural acceptance, childcare, education and the costs for each factor.
Australia’s most successful survey sector, rated at five, was ‘experience’, possibly influenced by the mostly sunny, hot climate, a factor important to the 52 per cent of UK expatriates who responded. The economics sector produced a somewhat sad rating of 18 out of all the countries surveyed, and the family sector fared still worse at 20th, possibly due to the cost of education as well as Australia’s souring cost of living.
Source: Business Insider Australia
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