The 10 most desirable cities for expats in 2024 | Wilnesh News

According to the Decoding Mobile Talent 2024 report, London tops the list of the most attractive work destination cities.

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In an increasingly globalized world, living and working overseas is no longer a daunting dream and is more attainable for many people.

“Globally, one in four professionals is actively seeking work abroad,” according to Decoding Global Talent Report 2024 Presented by The Boston Consulting Group (BCG) in partnership with The Network and The Stepstone Group.

The report found that despite recent widespread economic and geopolitical concerns, the proportion of people actively seeking work abroad is increasing.

The global study, based on more than 150,000 respondents in 188 countries, shows that the number of people actively moving will increase from 21% in 2020 to 23% in 2023.

A report released on April 24 stated that “as many as 800 million professionals may be actively seeking work abroad.”

According to the same report, the three most common reasons respondents gave for moving overseas included financial opportunity, career advancement and the potential to improve their quality of life..

Additionally, the study found that “the vast majority of global employer leaders say attracting and retaining talent is one of their top three priorities.”

“Hiring foreign workers doesn’t just fill competency gaps: Companies that are more globally diverse are more innovative and successful. They generate higher profits and are 75% more likely to become world-class innovators. ” Separate report from BCG 2022.

Top 10 destination cities for global talents

London(9%)
Amsterdam(8%)
Dubai(7%)
Abu Dhabi (7%)
New York (6%)
Berlin(5%)
Singapore(5%)
Barcelona(5%)
Tokyo(5%)
Sydney(4%)

London has maintained its leading position since 2014, according to the Decoding Global Talent 2024 report, the latest in a series that began 10 years ago.

The survey showed that 9% of respondents would like to move to London.

Top factors driving the city’s dominance include: English as the main language, strong global networks (much of the city’s talent comes from other countries), abundant financial opportunities, a welcoming and multicultural brand, and access to Europe and the United States , according to reports.

Singapore is the most popular destination in Asia, ranking seventh. The island nation has seen the largest influx of talent, coming from surrounding regions such as Malaysia (30%), Thailand (22%), Indonesia (19%), the Philippines (14%) and Hong Kong (13%).

Of those who would move to Singapore, 74% said the country’s quality job opportunities attracted them to the island nation.

The survey found that 57% of respondents also liked Singapore’s quality of life as well as income, taxes and cost of living. More than half (or 55%) of the respondents said that safety, stability and security were also considerations in choosing Singapore as their preferred work destination.

This year, nine cities in the Asia-Pacific region are in the top 30:

Singapore (seventh place)
Tokyo (9th)
Sydney (10th)
Melbourne (14th)
Auckland (16th)
Bangkok (17th)
Beijing (25th)
Kuala Lumpur (26th)
Osaka (30th)

“The idea that countries of origin can benefit from brain departures seems counterintuitive because from one perspective they are experiencing a ‘brain drain’,” the report states.

However, it cites another report by the Center for Global Development, which found that “brain repatriation” is linked to the fact that “the emigration of people can facilitate the spread of knowledge and technology in countries of origin and can help these countries become more firmly associated with each other.” Connect the whole”. Global brain. “

In today’s world, hiring global talent has many benefits for both employers and employees.

The Decoding Global Talent Report 2024 states: “Other countries can also be important sources of talent – employers and countries that can draw on the positive energy of millions of workers with a desire to move will gain significant competitive advantages.”