Global Talent Stats in Numbers – The Key Stats

While we all know that Britain’s net migration figure has fallen since the electorate decided to leave the EU, some have argued that this trend is also becoming prevalent across the western world.

From the UK perspective, the net migration number in the year ending March 2017 was 246,000, and this represented a decline of 81,000 in relation to 2016’s figures. This was apparently driven by a drop in the number of economic migrants from Eastern Europe, as the societal impact of the Brexit vote became abundantly clear.

This has had an impact on the movement of global talent into the UK, but what are the true portents for the world that exists outside of the EU? Fortunately, expert auditors and consultants RSM Global have commissioned a detailed study of this issue, and here some of the most interesting insights.

The Main Motivators for Relocating Abroad Remain Relevant

The study, which canvassed the opinion of more than 1,000 professionals across 20 nations, made some particular interesting findings with regards to age, gender and the primary motivators of relocating abroad.

More specifically, the 18 to 25 age demographic was the most likely to relocate overseas in search of a new lifestyle, followed closely by those aged between 45 and 54. This motivation is undoubtedly linked to work, however, with individuals able to explore new cultures and wats of living through exciting career opportunities.

Interestingly, these groups include people at the beginning and towards the end of their careers, whereas those aged between 26 and 44 are more inclined to have settled on their initial career path and begun to establish their own family unit.

It’s also male respondents who are primarily motivated by the lure of a new lifestyle and better weather, whereas women are more engaged by the potential to enjoy a lower cost of living. 

These are strong motivational factors regardless of the prevailing economic or geopolitical climate, and they suggest that global migration is unlikely to decline too significantly outside of the UK and the EU.

Sydney, New York and Paris are the Most Sought-after Regions

In truth, there are probably few surprises when appraising the top 10 most sought-after regions among respondents, with several of the world’s coveted locations featured.

Sydney tops this list, and this makes perfect sense when you consider the primary reasons cited for relocating abroad. Including lifestyle, family opportunities and the prevailing weather conditions, this destination ticks a number of relevant boxes across all age ranges and genders.

The same principle applies to New York and Paris, which also fulfil multiple criteria and offer a desirable balance between, lifestyle, financial incentives and standard of living. 

The fourth-place location was the UK capital of London, with respondents citing the financial incentives available to top talent as a key motivator for moving here. In this respect, the Brexit vote has clearly yet to impact too negatively on the capital, although this may change if the region’s lucrative financial services sector is damaged by any future deal.

Given the diverse appeal of these regions, and with Dubai, Singapore and Stockholm also featured in the top 10 destinations, it’s obvious that global migration levels are likely to remain strong over time (even allowing for the occasional fluctuation).

The Bottom Line

While the UK has undoubtedly seen its net migration level decline since the Brexit vote, this is not necessarily indicative of a prominent, global trend.

In fact, the primary motivators and key drivers of global talent movement remain both universal and relevant throughout the world, while the most sought-after destinations continue to offer diverse appeal to people of all types, age and skill-sets.

This is unlikely to change anytime soon, as we’re constantly reminded that the world outside of the European Union is vast, diverse and continuing to grow at a consistent rate.

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Pete White Pete White

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