Expats enjoy better career prospects here than elsewhere

Friday 08 February 2019

Expats enjoy a better work-life balance, job security and income in Guernsey, Jersey and the Isle of Man then they do at many other destinations across the world, according to newly analysed data from HSBC.

Building on the 11th annual HSBC Expat Explorer Survey, which was launched in November last year, HSBC conducted a fresh analysis of the data looking specifically at career opportunities in key expat markets.

With the methodology requiring at least 100 respondents from each country, figures from Guernsey, Jersey and the Isle of Man were incorporated into the UK data for the overall report. The combined data found that the Channel Islands and Isle of Man score well against global benchmarks.

77% said their work-life balance is better than in their home country, 26% above the global average, whilst 58% considered the work culture to be better than their home country, 10% above the global benchmark.

The analysis suggests that working as an expat in the islands is also very rewarding, with 63% saying that their earnings prospects are better than in their home country, 13% higher than the global average, whilst 61% of expats felt that job security is better in the islands, 23% better than the average globally.

John Goddard, Head of HSBC Expat, said:

“We wanted to understand what makes people tick when it comes to working abroad, so we conducted a fresh analysis of the world’s largest survey of expats. By looking at a range of criteria from career progression and earnings, through to work-life balance, we were able to explore the world’s best destinations for a career abroad.

“Interestingly, Guernsey, Jersey and the Isle of Man performed really well against the global figures when we took a closer look at responses from the islands. It’s clear that they offer an attractive work-life balance and the potential for a rewarding career. Expats working in the islands are also really proud to be working there and are quick to become fully engaged in the local community, with more than three-quarters likely to recommend the islands to other expats – that’s a fantastic form of advocacy.”

Pictured top: Head of HSBC Expat John Goddard.