Relocation, Relocation, Relocation: Moving Abroad for Work

In the last few years there has been an unprecedented rise in professionals relocating to different continents, despite the international economic crisis.

So, why is this big move such a good idea?

With the exception of the obvious positives of working abroad such as being in a new and exciting city, improving your standard of living and, of course, the better weather there are significant advantages to working abroad.

Money is certainly an incentive; "nearly half of employees around the world would think about moving abroad for a pay rise". But the reasons to relocate go beyond just the financial aspects.
Undeniably the export and import of high calibre individuals has a positive effect on a country. Hong Kong is a particularly interesting case. A recent report by The Daily Telegraph has shown that due to its ageing population and low birth rate Hong Kong is in desperate need of workers of a wide range of skills and calibre: "The Government of Hong Kong is speeding up plans to lure skilled foreign workers as it predicts a massive labour shortage".This refers to a huge range of jobs, not just executive positions however it is still no less important to note. Other countries seeking skilled workers from abroad are Brazil, Mexico, Turkey, India and Russia. Although in many cases this could apply mostly to construction and engineering specialists it does play a significant part in the development of a country and its economy. In addition it supports other industries such as leisure, hospitality and tourism necessitating the need to import experienced executives in these sectors.
Employees with international experience is of value to potential employers, it provides a distinctive edge and can open up other possibilities and opportunities and improve an individual’s reputation and employability.

Despite the obvious pros it is not a decision to be taken lightly. It is certainly something you need be sure of, get support from family and get the family involved as it is likely they will be moving too. Seek practical help and importantly have a clear understanding of what you are moving to, not just the new job but also the language, cost of living, culture and laws of the new country. And of course it does not have to be permanent, as Colin Smith, the general counsel in Hong Kong for hedge fund managers Orchard Capital Partners Limited commented; "I often wonder why people don't take the opportunity to move abroad more often - if you don't like it you can always go back" .
The BBC news article gives tips on up heaving your life and how to make the process as smooth and stress-free as possible.

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