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CHANNEL ISLANDS AND ISLE OF MAN
SCORE WELL IN HSBC ANALYSIS OF
BEST PLACES IN THE WORLD TO WORK
Expats pursuing careers in Guernsey, Jersey and the Isle of Man benefit from a better work
culture, work-life balance, job security and earnings prospects than in many other locations
around the world, according to newly analysed data from HSBC.
B uilding on the 11th annual HSBC Expat Explorer
Survey, which was launched in November
last year and looked at a broad number of
issues impacting those living and working overseas,
a fresh analysis of the data, published this month,
looks specifically at career opportunities in key expat
markets. Overall, the survey of more than 22,000 expatriates
around the world revealed that career ambition is
the number one reason why people take the plunge
and settle abroad, and that Germany is top of the list
for ambitious globetrotters looking to further their
careers, ahead of Bahrain and the UK.
Expats in the islands get more involved in the local
community, with 34% saying they participate in more
local community activities since moving, compared
to 18% globally
John Goddard, Head of HSBC Expat, commented:
“We wanted to understand what makes people tick
when it comes to working abroad, so we conducted
a fresh analysis of the world’s largest survey of
expats. By looking at a range of criteria from career
progression and earnings, through to work-life
balance, we were able to explore the world’s best
destinations for a career abroad.
With the methodology requiring at least 100
respondents from each country, figures from
Guernsey, Jersey and the Isle of Man were
incorporated into the UK data for the overall report.
However, by combining responses from the islands
alone, the data found that the Channel Islands and
Isle of Man score well against global benchmarks.
In particular, the survey found that the approach to
work in the islands is appreciated by expats, with 77%
saying their work-life balance is better than in their
home country, 26% above the global average, whilst
58% considered the work culture to be better than
their home country, 10% above the global benchmark.
The analysis suggests that working as an expat in the
islands is also very rewarding, with 63% saying that
their earnings prospects are better than in their home
country, 13% higher than the global average, whilst
61% of expats felt that job security is better in the
islands, 23% better than the average globally.
A deeper dive into the figures also found that:;
Expats in the islands are prepared to give the
islands their endorsement, with 76% saying they
would recommend the islands to fellow expats as a
place to move to, above the global average of 65%
Expats work in the islands for longer, with 68%
having been an expat for over five years, compared
to the global average of 51%
6 |
John Goddard
“Interestingly, Guernsey, Jersey and the Isle of Man
performed really well against the global figures when
we took a closer look at responses from the islands.
It’s clear that they offer an attractive work-life balance
and the potential for a rewarding career. Expats
working in the islands are also really proud to be
working there and are quick to become fully engaged
in the local community, with more than three-quarters
likely to recommend the islands to other expats –
that’s a fantastic form of advocacy.”
Career ambition is
the number
one reason
why people
take the
plunge and settle
abroad