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London is Top Global Destination for Foreign Professionals
Updated on : Tue, 27 Dec 2011 13:00:00 GMT
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London is still considered the top choice for foreigners looking to work overseas, according to a latest research. It revealed that London has beaten New York, Paris and Singapore for attracting the highest number of foreign professionals looking for overseas migration in 2011.
The survey was recently conducted on 160,000 job seekers in a range of sectors from banking to telecommunications. And it found that nearly 50 percent of respondents would consider London as the first choice if they moved overseas for jobs. This rate is really considerable when comparing with 28 percent of participants who would like to work in New York, 16 percent in Singapore, 15 percent in Paris and just 10 percent in Sydney.
According to the statistics, the majority of the professionals migrating to London are foreign workers from crisis-hit countries, particularly those in Portugal, Ireland and Greece. World class banking, legal sector and creative industries – these factors join together to create the popularity of London and help the city surge ahead of other big ones to become the top global destination for foreign professionals, the survey findings show. In addition, nearly half of survey participants also cited higher standard of living of the UK as the main reason to move to and work in London.
It seems to go against the trend that current grim outlook forcing many British to move out of the UK for other nations. The research also showed that around 63 percent of Britons expressed their desire to move abroad for better job opportunities if they get a chance to do so.
According to the international director of recruitment of the website which commissioned the survey, Mike Booker, jobseekers have, indeed, become quite flexible on their destination of employment. And since English happens to be the first language of Britons, it does give them a winning edge over others, Booker admitted.
Nonetheless, with each successive year, the competitive edge of having fluency in present business language declines due to an increasing number of the BRIC (Brazil, Russia, India and China) nations, he maintained.
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