Australia Is Number One Work Destination; London Tops List for Cities

• Fourth Global Study on International Mobility Trends by BCG, The Network, and The Stepstone Group Features Survey Data from More Than 150,000 Workforce Respondents from 188 Countries
• One in Four Professionals Globally Actively Seek Jobs Abroad
• The US, Canada, the UK, and Germany Round Out the Top Five Most Desired Destination Countries
• Amsterdam, Dubai, Abu Dhabi, and New York Rank Number Two Through Number Five for Cities

BOSTON, April 24, 2024 /PRNewswire/ -- Despite global challenges such as geopolitical tensions, widespread economic concerns, and emerging virtual mobility trends from the past several years, moving abroad for work remains a dream for many workers around the world, with 23% of professionals actively seeking jobs in other countries, and 63% expressing an overall willingness to do so. Younger people and people from countries with fast-growing populations are the most mobile. English-speaking geographies with strong economies lead the list of top destinations, with Australia, the US, Canada, and the UK being the four most desirable countries, and London topping the list of cities, with New York also placing in the top five.

These are among the findings of a new report published today by Boston Consulting Group (BCG), The Network, and The Stepstone Group. Titled Decoding Global Talent 2024, the study is based on survey data from more than 150,000 workforce respondents from 188 countries, and is the fourth installment in a series, the previous editions having been published in 2014, 2018, and 2021.

Natives of regions with a labor surplus (owing to higher birth rates) tend to be more mobile than those who live in areas where the labor force is shrinking. For instance, 64% of workers in the Middle East and Africa are actively willing to relocate, and more than half of respondents in South Asia (58%) and sub-Saharan Africa (52%) are actively willing to do so. At the other end of the spectrum, much smaller percentages are seen in North America (16%) and Europe (10%).

"The world's most important economies are facing a major challenge: the great people shortage. This looming gap in the global labor market is primarily due to declining birth rates and mismatches between job supply and demand," said The Stepstone Group CEO Sebastian Dettmers. "Labor migration represents a prime opportunity to bridge this gap. We must adapt our job markets to be more versatile, enabling workers to move to where they are most needed and where they can find the best positions for their skills and aspirations."

The survey results reveal that global talent moves abroad primarily for professional progress, with those willing to do so citing financial and economic reasons (64% of respondents) and career considerations such as work experience (56%) as their top reasons for doing so. For respondents who listed a specific reason for choosing a particular country, the quality of job opportunities was the top decisive factor (65%), with quality of life and climate ranking second (54%). Other country-specific characteristics such as opportunities for citizenship (18%) and health care (15%) also play a role but are secondary factors.

"People don't associate countries with certain generally attributed advantages and choose them on that basis," said Sacha Knorr, co-managing director at The Network. "Instead, they opt for the destination region that most closely matches their own personal criteria for their future job choice. Companies should take advantage of this, as they can score points here with job offers that match talents' expectations."

The study also highlights the fact that workers who move abroad expect employers to take the lead in supporting their relocation and onboarding and to cultivate an international, inclusive culture. Nearly eight out of ten respondents expect to get help with housing (79%) as well as visa and work permit assistance (78%), and more than half count on relocation support (69%) and language support and training (54%).

"Other countries can be a great source of talent. But establishing a channel of workers from abroad requires employers to fundamentally overhaul how they recruit, relocate, and integrate talent," said Jens Baier, managing director, senior partner and leader of BCG's work in HR excellence. "They may have to challenge their own biases and look for talent in markets and regions that they had not previously considered. Governments also play a strong enabling role in this process. They must establish policies, incentives, and frameworks that help employers bring in the talent they need. Employers and nations that tap into such positive energy from the millions of workers with mobile aspirations will gain a major competitive advantage and source of growth."

Download the publication here.
More insights about the survey here.

Media Contacts:
The Network:
Bojan Divčić
+32 472 19 15 41
[email protected]

The Stepstone Group:
Lea Schröder
[email protected]

Boston Consulting Group:
Eric Gregoire
+1 617 850 3783
[email protected] 

About the Survey
BCG, The Network (together with its affiliate organizations), and The Stepstone Group conducted this anonymous, online survey from October through December 2023. All told, 150,735 people in 188 countries participated.

The survey elicited workers' attitudes on various topics, including their willingness to move abroad for work, the countries they would most like to work in, their reasons for choosing those countries, and their expectations of their future employers in a new country. The data gathered in the survey (including a wide range of information on participants' demographic and professional backgrounds) made it possible to analyze workers' attitudes on the basis of multiple parameters.

BCG also conducted follow-up interviews with select study participants around the world—many of whom were interviewed before and have been followed for several years.

About The Network
The Network is a global alliance of more than 70 leading recruitment websites committed to finding the best talent in over 150 countries. Founded in 2002, The Network has become the global leader in online recruitment, serving more than 2,000 global corporations. The recruitment websites in The Network attract almost 200 million unique visitors each month. For more information, please visit www.the-network.com.

About The Stepstone Group
The Stepstone Group is a leading global digital recruitment platform that connects companies with the right talent and helps people find the right job. The Stepstone Group connects more than 130 million job applications with around 140,000 employers every year. With its integrated platforms, The Stepstone Group simplifies the candidates job search as well supporting recruiters with AI-powered solutions for the entire recruitment process. In 2023, The Stepstone Group generated revenue of around €1 billion. The Stepstone Group operates in more than 30 countries—including Stepstone in Germany, Appcast in the US, and Totaljobs in the UK. The company is headquartered in Düsseldorf, Germany and employs around 4,000 people worldwide. For more information: www.thestepstonegroup.com/en.

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

SOURCE Boston Consulting Group (BCG)