The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Revealed: Young professionals want to work abroad because the cost of living is cheaper
According to Radical Storage, 44,000 British employees moved abroad in 2020 for work, this number is bound to have increased post-pandemic. It comes at a time of increased demand for positive work-life balance, while flexible working is also heavily promoted.
This corporate nomad lifestyle has grown over the past few years, with more people desiring increased authority over their careers.
To gain a deeper understanding of people’s attitudes towards this, Small Business Prices has conducted a survey on their attitudes towards working abroad and hybrid working. They surveyed 1,000 UK workers over the age of 30.
Over half of 30 to 35-year-olds want to work abroad because the cost of living is cheaper
As travel restrictions end and the world fully opens back up again, employees are weighing up whether moving abroad may be the best option for their careers and improved work-life balance.
While all age groups have been affected differently by the pandemic, attitudes towards working abroad and flexible working have shifted.
As hybrid working roles and the desire to work abroad are quite prevalent in younger demographics, the survey was conducted with ages 30 and older taking part, to gain the attitude of more experienced employees.
Firstly, those surveyed, who already worked abroad, were asked on their desire to work abroad again. The results found that overall, 72% of respondents approved of the idea of working abroad again in the future.
Demographically, the highest percentage of respondents who would like to work abroad again was interestingly the 36-44 age range, with 79% desiring to work in a different country.
20% of 30-35-year-olds responded that they would not like to work abroad again, the highest of a single age demographic, while 16% of 45-54-year-olds also responded in the same manner.
Those surveyed were also questioned on their reasonings for wanting to work abroad again in the future, let’s examine the reasons behind their desire to relocate for work:
They’d like to experience a different culture, country and work abroad: 69%
They think they’d have a better life: 63%
They’d like to move overseas with their partner: 53%
The cost of living is cheaper: 53%
It’s interesting to see the biggest temptation for working abroad was the chance to experience a completely different culture (69%). While over half of those surveyed still consider the cost of living a major factor in wanting to work overseas (53%).
The survey also explored the reasoning behind not wanting to work abroad, the results found that 42% believe it to be too complicated now.
23% of respondents stated their current financial situation was the reason behind not wanting to work abroad. While 24% of those surveyed believe it could affect their career negatively.
Another interesting topic explored in the survey was whether participants’ ideas about working remotely in hybrid-working roles were altered as a result of the pandemic.
27% responded that they always perceived hybrid working as a positive, whereas 10% of the 36-44 age range have always viewed hybrid working as a negative and retain that view.
Regionally, it was London that saw the biggest change in opinion, with 44% now viewing remote work as a positive after viewing it negatively in the past.
To read more about the survey, read more: https://smallbusinessprices.co.uk/the-rise-of-the-corporate-nomad/