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Expat jobseekers dump UK and USA for less politically uncertain locations
| Published: | 31 May at 6 PM |
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Expats looking to find the perfect job are now shunning the UK and USA in favour of less politically uncertain destinations.
Asia, Canada and Australia are now the preferred locations for job-seeking expats looking for a new place to hang their hats. The UK is out of favour due to the massive uncertainty surrounding Brexit, and the threat to the USA’s economy from the Trump presidency is causing many expat minds to change, helped along by the White House’s new immigrant policies.
Data shows a first-quarter 30 per cent increase over last year in the numbers of overseas jobseekers showing interest in Australia as a base, although it’s not yet certain how the recent tightening of short-term visas will affect would-be expats. Generally, job seekers from the Philippines have seen a year-on-year fall of 79.8 per cent, with India experiencing a 55.3 fall and South Africa a drop of 21.6 per cent. However, overseas demand for highly-skilled professionals is still strong, especially in the fields of medicine, engineering, finance, dentistry and nursing.
Unsurprisingly, a recent report found a 13 per cent increase in the numbers of financial services professionals looking to leave the UK due to uncertainty caused by the Brexit effect on the City of London financial centre. Demand peaked in the first quarter of this year and is expected to continue to rise. Australia’s abolition of the popular 457 visa is expected to hit expat skilled workers looking for shorter-term visas leading to permanent residency. The reason behind the Australian government’s move is said to be due to its pledge to give Oz workers priority in the jobs market.
According to the report, data suggests the brightest and best from across the world will still be able to find top jobs in their respective fields in spite of political and economic turmoil in formerly popular destinations. Many countries still offer opportunities via policy settings aimed at attracting international-standard skills.
Asia, Canada and Australia are now the preferred locations for job-seeking expats looking for a new place to hang their hats. The UK is out of favour due to the massive uncertainty surrounding Brexit, and the threat to the USA’s economy from the Trump presidency is causing many expat minds to change, helped along by the White House’s new immigrant policies.
Data shows a first-quarter 30 per cent increase over last year in the numbers of overseas jobseekers showing interest in Australia as a base, although it’s not yet certain how the recent tightening of short-term visas will affect would-be expats. Generally, job seekers from the Philippines have seen a year-on-year fall of 79.8 per cent, with India experiencing a 55.3 fall and South Africa a drop of 21.6 per cent. However, overseas demand for highly-skilled professionals is still strong, especially in the fields of medicine, engineering, finance, dentistry and nursing.
Unsurprisingly, a recent report found a 13 per cent increase in the numbers of financial services professionals looking to leave the UK due to uncertainty caused by the Brexit effect on the City of London financial centre. Demand peaked in the first quarter of this year and is expected to continue to rise. Australia’s abolition of the popular 457 visa is expected to hit expat skilled workers looking for shorter-term visas leading to permanent residency. The reason behind the Australian government’s move is said to be due to its pledge to give Oz workers priority in the jobs market.
According to the report, data suggests the brightest and best from across the world will still be able to find top jobs in their respective fields in spite of political and economic turmoil in formerly popular destinations. Many countries still offer opportunities via policy settings aimed at attracting international-standard skills.
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