You are here: Home - Household Bills - News -

UK third best place to work in the world

0
Written by:
08/01/2019
The UK is the best country in the world to learn new skills and is the third best place overall for career-minded expats, according to a new survey by HSBC.

Germany and Bahrain topped the list.

Two-thirds of respondents in the UK report that it is easier to acquire new skills in the UK than in their home country. The European average was 59%. The UK also ranked fourth as the best destination to climb the career ladder, narrowly behind Hong Kong, USA and Singapore. Almost half of the people who move to the UK do so for their career.

While the UK may not score as highly on climate, the average working expat in the UK also sees gains across the board in work/life balance, career progression and earning prospects. Foreign workers also say they like the working culture in the UK better than in their home country.

The survey looked at more than 22,000 expatriates across 163 countries and territories. It showed career ambition is the number one reason why people take the plunge and work abroad.

UK nationals moving abroad are looking to improve their quality of life (41% of expats from the UK vs. 34% European average) or a better climate. Only a quarter (24%) are looking to progress their career. Most say the move is usually good for their finances, with over 60% saying they have more disposable income than they did at home.

The best places in the world to work:

Rank The best places to work abroad Change in ranking since 2017
1 Germany +1
2 Bahrain +10
3 UK +6
4 UAE =
5 Switzerland -2
6 Sweden =
7 Singapore -2
8 USA +3
9 Canada +1
10 Hong Kong +3

 
Top destinations for UK expats:

Top 10 destinations for UK expats abroad surveyed:
USA
Australia
Spain
South Africa
France
United Arab Emirates
Hong Kong
Thailand
New Zealand
Canada

 

 

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week