Employers are desperate to hire people with experience abroad

As the UK becomes ever-more reliant on contributions from foreign markets, companies are becoming increasingly keen to hire professionals with experience of working abroad.

That’s according to a new survey, which suggests people with work experience outside the UK could add 15% to their salaries within one to three years of their return.

Compound that over an entire career and you’re talking a lot of money.

Research by the Centre for Economics and Business Research suggested that the ‘productivity increase associated with taking up a more international career’ adds £9.4bn to the British economy each year.

The study also suggested that six in 10 of those who have worked abroad believe they are able to ‘progress more quickly’ within their organisations, while almost three quarters of employers thought the same of their workers.

More than 55% of workers who have spent time abroad said they are more engaged in their roles as a result, while 53% said they’re better at bringing in business opportunities.

65% of employers say demand for international career opportunities will increase next year with most of the demand coming from women between the ages of 25-34, 57% of whom are considering taking a more international role.

Crucially, the study also showed that employees at organisations offering international career opportunities are likely to stay four years longer than they would. Employers, take note.

Source: City AM Newspaper (November 2015)


See also: Earn a Better Salary in Tax-free Bermuda & Cayman Islands

Does the prospect of improved earnings interest you? If you are a lawyer or chartered accountant and interested in working in the Bermuda/Caribbean region, visit our jobs portal to see the latest vacancies. Our site also includes a downloadable All You Need to Know guide which will tell you everything you need to know about living and working offshore.