A recent survey conducted by HSBC revealed the world’s best countries to work in and there was a considerable amount of placement changes since last year’s survey. The top three countries, in order, were Germany, Bahrain and the U.K. The most drastic change among even the top 10 countries was Bahrain, who climbed 10 spots since last year, largely due to their generous compensation packages.
Here’s why the following countries ranked the best:
- Germany: They’ve made a name for themselves as one of the most productive, if not the most productive, countries in the world. The German work ethic has built a reputation that not many countries can or have surpassed in the last number of decades. They place work-life balance high on their scales of importance which has helped tremendously to keep workers engaged and present when they are at work. The survey also noted that overseas workers feel secure in their jobs after they move, which helps expats feel as though they’ve made a good decision to move for a job.
- Bahrain: This tiny island off the coast of Saudi Arabia has been making quite the impact on the global job market. The survey cited that 77% of foreign workers in Bahrain say that their earning prospects are better in the Middle Eastern nation than it is back home. Even more fascinating is that 59% of respondents working in Bahrain say that they’ve become a better leader by working in the country. The customary expat job perks are pretty nice too!
- United Kingdom: A striking number of people that move to the U.K. do so for the sole purpose of advancing their career. Expats report a work-life balance, career progression and higher earning potential as a result of their employment in the United Kingdom. The survey uncovered that respondents report that “the U.K. is the best country in the world for those who want to learn new skills and the fourth best to climb the career ladder.”
It is important for companies to recognize and understand what has been presented in this survey report as it places even more pressure on global talent acquisition and retention. If your company is having a tough time recruiting and retaining talent in these countries, it’s probably time to re-evaluate how your corporate talent strategy aligns with the talent market in these given locations.
Germany has gone from strength to strength as a destination for foreign workers, overtaking neighbours Sweden and Switzerland to be crowned the best place in the world to work abroad for the first time.