Web Desk: A recent survey report saying that 45 per cent of expats said their existing job paid more internationally and 28 percent have changed their location to get promotion. Moving abroad boosts the average worker’s income by $21,000, reported Bloomberg.
Switzerland, US and Hong Kong top the list of destinations for the biggest pay packets.
In Switzerland, the annual income boost totaled $61,000. Expat salaries there averaged $203,000 per year — twice the global level.
In US, jobs gains were noted in healthcare, up 26,000, transport and warehousing, up 24,000, and construction, up 23,000.
Hong Kong, ranks 7th on the UN Human Development Index and has the seventh-highest life expectancy in the world. Over 90% of its population makes use of well-developed public transportation thus increasing job opportunities and quality of living.
China is the second-largest economy and deeply enmeshed in the planet’s commercial map. It will increasingly be driven by consumers and technology, and less by exports.
Singapore topped the ranking as best place to live and work for a fourth straight year, beating New Zealand, Germany and Canada.
“Singapore packs everything a budding expat could want into one of the world’s smallest territories,” HSBC said.
From June 2017 to June 2018, more than 60,000 people were hired. The hiring was fueled mainly by construction, real estate and manufacturing activities.