Category: Global Relocation Trends

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What is Driving São Paulo’s Business Startup Culture?

Companies seeking growth opportunities in South America quickly gravitate to Brazil and São Paulo’s business startup culture. Brazil’s mammoth city boasts one of the world’s most vibrant business technology ecosystems. São Paulo is also home to South America’s largest startup environment. The city proper is the largest in Brazil, with a population of over 12 million residents. The greater São Paulo metropolitan area ranks as number three in the world by population, with over 27 million residents.

Cultural Diversity

Brazil is one of the most culturally diverse countries in the world. Generally, Brazilians trace their origins from five global regions:

  • Africa
  • Americas
  • East Asia
  • East Mediterranean/West Asia
  • Europe

This cultural diversity is a great asset to companies looking to test their products and marketing programs. Marketing to a microcosm of international cultures provides a wealth of valuable information for companies with global growth ambitions. Companies investing in São Paulo’s business startup culture quickly benefit from the city’s diverse talent pool and openness to new ideas.

Currency

Brazil’s currency fluctuations and devaluation to the U.S. dollar gives companies who invest in São Paulo’s business startup culture the benefit of getting more for their capital. As Brazil’s economy experiences variations and crises, São Paulo presents more opportunities for entrepreneurs. Talent becomes more affordable for young and growing companies. As a result, entrepreneurs can easily hire employees with the education and skills they need to be successful.

Business Resources for São Paulo’s Business Startup Culture

São Paulo’s business startup culture benefits from a large number of business resources. Startup accelerators are plentiful, including ACE, Startup Weekend, and Startup Farm. Co-working spaces such as CUBO encourage collaboration among resident companies. CUBO’s center of technological entrepreneurship connects investors, companies, technology, and universities in one space. This connection helps create new business models, new ways to work, and continually challenges the status quo with a focus on creating opportunities.

In fact, São Paulo’s business startup culture is often seen as the “silicon valley” of Latin America. From its inclusion in Deloitte’s leading index of global FinTech hubs to its continually growing roster of unique startup ventures, São Paulo has become the Brazilian home of international technology giants including Google, Linkedin, and Cabify. (FinTech is a new industry that uses technology to improve activities in finance.)

What Does This Mean for São Paulo’s Business Startup Culture?

Companies looking for expansion opportunities, especially in technology fields, should seriously consider São Paulo’s business startup culture. The city provides a warm welcome to entrepreneurs and innovators, offers a favorable currency advantage, and has a wealth of resources that support business startups. Brazil’s wide cultural diversity enhances workforce productivity, and reflects the broader international market, making São Paulo an ideal location for testing concepts and messages.

What Should Employers do?

Entrepreneurs with plans for business expansion should research São Paulo’s business startup culture to see how they might benefit from its many resources and advantages. Established businesses without a presence in Latin America should also consider locating in São Paulo. Co-working spaces such as CUBO can help connect established businesses to entrepreneurs and new business models.

Companies looking to test their expansion efforts in Brazil might also benefit from an International Professional Employer Organization. This is a global employment solution where a third-party in a foreign country hires employees on your company’s behalf. Companies considering relocating new hires or transferees to São Paulo should review their relocation programs. This will help ensure they have a competitive advantage and that their program provides the highest level of relocation benefits and services for their employees.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients understand how they can easily expand their business operations to new locations. Our team can help your company understand how best to proceed with expansion to São Paulo’s business startup culture through relocation, or by utilizing an International PEO.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s business expansion plans to São Paulo, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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What are the World’s Best Countries?

U.S. News & World Report’s 2019 World’s Best Countries ranking shows Switzerland as No. 1 overall for the third consecutive year. The annual report reflects survey results of over 20,000 respondents. The study surveyed these people about their individual views of 80 different countries, on 75 different metrics. The rankings are the result of a partnership between U.S. News & World Report, the Wharton School of the University of Pennsylvania, and BAV Group.

What are the Top 10 Countries?

According to the ranking, the top 10 world’s best countries are:

  1. Switzerland
  2. Japan
  3. Canada
  4. Germany
  5. United Kingdom
  6. Sweden
  7. Australia
  8. United States
  9. Norway
  10. France

Why Switzerland is No. 1

Switzerland is seen as a top country in surveys and reports for several reasons, including:

  • Access to Capital
  • Business Friendly
  • Economic Stability
  • High Quality of Life
  • Innovation
  • Legal Framework
  • Neutrality
  • Prestige

Immigration to Switzerland

Immigration to Switzerland, one of the world’s best countries, depends on several factors. Switzerland permits visitors to stay in the country as tourists for up to 90 days without registration. However, tourists are forbidden to work during this time period. Those who want to work in Switzerland must obtain immigration authorization. These authorizations vary by status:

  • Citizens of the European Union (EU) or the European Free Trade Association (EFTA) do not need a visa if they have a local employment contract.
  • Non-EU and non-EFTA citizens require a work authorization and a visa prior to entering Switzerland.
    • Those over 18 with plans to stay beyond 12 months must provide a copy of their criminal record, or proof that there is no record.

The Swiss Authorities provide many helpful guidelines for people who want to enter and stay in the country. Foreign nationals can choose the entry path that best fits their requirements. Also, several of the entry paths have various degrees and levels to meet individual situations. Entry paths include:

  • Applying for Asylum
  • Foreign National’s Right to Reside Following Divorce or Death of Spouse
  • Foreign Nationals Wishing to Stay Other Than to Work (Study, Retire)
  • Letter of Invitation and Declaration of Sponsorship
  • Loss of Residence Permit – Replacement
  • Short-Term Stay
  • Residence Permits
  • Visa for Entry

What does this mean?

Those who want to enter and stay in one of the world’s best countries have many options. Countries such as Switzerland welcome foreign nationals, as they recognize the value that diverse populations bring to their societies. They also provide helpful resources for newly arrived foreign nationals so they can learn the German language, and how best to integrate into Switzerland’s local culture and society.

What should Employers expect?

Employers in Switzerland should expect to see an increase in the number of foreign job seekers from non-EU and non-EFTA countries. They should also expect to see a rise in the need for language and integration courses.

Employers not currently in Switzerland might consider the country as a strategic location for corporate expansion. The services of an International Professional Employer Organization (PEO) may be useful to help an employer enter one of the world’s best countries and quickly test the local market.

What should Employers do?

Employers in Switzerland should review their company’s growth plans and requirements for jobs across all levels of skill sets. They should also determine how their company’s growth plans will impact the jobs required to meet business plans and goals.

Employers outside of Switzerland should investigate the services of an International PEO. Relocation Management Companies (RMCs) can provide expert assistance and helpful information to employers looking to expand their corporate presence to one of the world’s best countries.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients develop relocation programs that attract and retain qualified employees across the world’s best countries. Our team can help your company determine how to benefit from Switzerland’s rank as the No. 1 best country in the world.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s relocation and visa program needs, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary Visa Program Assessment

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Singapore Job Skills Lacking in Technical Fields

Singapore job skills currently exhibit a significant gap in several technical fields, according to Workforce Singapore (WSG). WSG, a board under the nation’s Ministry of Manpower, oversees the transformation process for the Singaporean workforce and industry to meet future economic opportunities.

Top 5 Fastest Growing Singapore Jobs

The five fastest-growing jobs in Singapore are concentrated in technology:

  • Content Specialist
  • Head of Digital
  • Cyber Security Specialist
  • Data Scientist
  • User Experience Designer

All of these technology jobs require specific technical skills. They also require significant communication and managerial skills, often referred to as “digital competence.”

What is Digital Competence?

Digital Competence is an expansive definition of Information and Communication Technology (ICT). It includes basic ICT skills along with the understanding and knowledge of how to use digital devices and applications in new and complex formats. WSG recognizes that Singapore job skills need to include Digital Competence. Singaporean workers must be able to confidently and critically use electronic media for work, leisure, and communication. To do so, workers must understand logic, possess critical thinking abilities, have a high level of information management skills, and superior communication skills.

For example, some of the skills needed for the Top 5 Fastest Growing Singapore Jobs include:

  • Analytics
  • Banking
  • Big Data
  • Communication
  • Consulting
  • Content Delivery
  • Digital Production
  • Machine Learning
  • Management
  • Sales Enablement
  • Wire Framing

WSG has a number of programs that help Singapore job skills match industry requirements. For example, WSG maintains the Singapore Workforce Skills Qualifications (WSQ), a national credentialing system that trains, develops, and assesses Singapore job skills. Also, the WSQ certifies skills and competencies for the workforce. Its continuing education and training system is funded by SkillsFuture Singapore (SSG).

What is SkillsFuture Singapore?

SkillsFuture Singapore (SSG) is a board administered by the Ministry of Education. SSG’s main purposes include:

  1. Drive and coordinate SkillsFuture movement implementation
  2. Promote a culture and system of continuing education
  3. Strengthen Singapore’s quality education and training
  4. Provide quality assurance for private education institutions and adult education centers

Singapore job skills are in high demand as the nation’s economy continues rapid growth. This growth leads to expanding job opportunities. WSG maintains a singular focus on ensuring Singaporean workers obtain the necessary training to fill growing sectors of the economy. WSG’s vision is bold and speaks to the nation’s strong work ethic: “Every individual in a fulfilling career with progressive employers.”

What Should Employers do About the Singapore Job Skills Gap?

Employers facing a Singapore job skills gap should review their talent recruitment programs to ensure creative solutions are in place. A knowledgeable Relocation Management Company can provide valuable assistance to employers looking for robust and effective solutions to hiring challenges.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients develop hiring and recruiting programs to mitigate the impact of a skills gap. Our team can help your company by using industry best practices to design your relocation program. As a result, this will increase your company’s ability to attract and retain new employees and mitigate the effects of the Singapore job skills gap.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Contact our experts online to discuss your company’s relocation program needs, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Top 3 European Countries for Global Expansion

Many companies want to know what 3 European countries rank highest for global expansion. Knowing where to focus their efforts helps a company develop actionable strategies. Several European countries are taking significant steps to encourage business investment. As a result, opportunities are increasing for significant and successful global expansion in Europe.

The top 3 European countries for global expansion are France, Germany, and the Netherlands. These countries all recognize the role of investment in creating job opportunities and adding to their social security programs.

France

France has taken an activist approach to promoting investment and global expansion. Several reasons to invest in France include grants and support mechanisms for innovative entrepreneurs, research tax credits, and high-level infrastructure. President Emmanuel Macron has been working to invigorate the economy in France. Elected on a centrist platform, Macron has pledged to:

  1. Reduce taxes for businesses and investors
  2. Ease the country’s rigid labor regulations
  3. Raise the minimum wage

Some protests and unrest arose in 2018 due to concerns over environmental tax policies. Although this led to declining consumer sentiment, economists are forecasting full-year Gross Domestic Product (GDP) growth of 1.4% for 2019. Analysts have confidence that continuing investment as well as President Macron’s new fiscal measures will promote global expansion.

Germany

German Chancellor Angela Merkel will resign her position in 2021 after her fourth term in office. Although partly due to the Christian Democratic Union (CDU) election losses, Chancellor Merkel remains in office for several more years to continue policies that propel Germany’s economy forward. Central to these policies are the German government’s focus on:

  1. Low unemployment
  2. Increasing wages
  3. Tax cuts for businesses and households
  4. Infrastructure and other investments in East Germany

While Germany does have low unemployment, there are regions such as East Germany where unemployment is a significant issue and business investment is welcome. Inequality in incomes and opportunities are challenges for the German government, and the nation is keen to promote global expansion and trade with a “Powerhouse Eastern Germany” message. Political uncertainty and exterior issues such as Brexit may affect the nation’s economy. Economists are forecasting full-year GDP growth of 1.4% for 2019.

The Netherlands

The Dutch government’s 2019 budget and plans significantly promote the economy while protecting public finances. The Third Rutte cabinet is a coalition government of four separate political parties. Prime Minister Mark Rutte presides over the cabinet, and is instrumental in formulating the coalition’s governing agreement with the appropriate name of “Confidence in the Future.” The Netherlands economic expansion overseen by the coalition is driven by several policies that promote:

  1. Low unemployment
  2. High level of consumer confidence driving household consumption
  3. Tax cuts and increased tax credits for households
  4. Tax cuts for businesses leading to increasing business investment
  5. Infrastructure investment spending measures by the government coalition
  6. Expanding exports

The coalition government recognizes risks including healthcare spending, Brexit, and geopolitical issues may impact the Netherlands economy. However, economists are forecasting full-year Gross Domestic Product (GDP) growth of 1.9% for 2019. This bodes exceptionally well for companies pursuing global expansion.

What Should Employers Expect for Global Expansion?

Employers should expect that France, Germany, and the Netherlands will continue to be the countries of preference for global expansion. All three countries are actively pursuing business investment and taking action to increase the attractiveness of their respective economies. Companies seeking to increase their strategic business investments should examine these three countries for global expansion.

What Should Employers Seeking Global Expansion do?

Employers should examine France, Germany, and the Netherlands to understand how each of these countries offers their company the best solution for investment. All three countries have a number of helpful resources available for companies seeking global expansion. Companies looking for future growth opportunities should look at each of these countries as offering the greatest return on their business investment. Relocation Management Companies (RMCs) can provide expert assistance to employers looking to enhance their company’s global recruitment and relocation.

Conclusion

The Global Mobility Solutions (GMS) team of global relocation experts has helped thousands of our clients determine how to proceed with their global expansion plans. Our team can help your company by using industry best practices to design your relocation program to enhance its business investment in France, Germany, or the Netherlands. This will increase your company’s ability to attract and retain new hires and relocating employees in these countries.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Contact our experts online to discuss your company’s global expansion plans, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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India’s Cloud Computing Job Growth Offers Relocation Opportunities

Shot of a group of programmers working on a computer code at night
Great Learning, an educational technology platform company for executives, reports that up to 1 million new jobs in India may be created by the growth of the cloud computing market. Currently, India has a $2.2 billion market in this field. By 2020, this market will grow to $4 billion due to over 30% annual growth rates.

How is Cloud Computing Defined?

Cloud computing is distinctly different than traditional computing solutions found in many companies. Traditionally, companies manage IT resources, computers, database storage, security, and software applications. These would be housed on physical hardware located at or near their premises. Cloud solutions offer all of these IT resources through a cloud services platform, accessed through the internet.

Types of Cloud Computing

There are three main types of computing that can be done in the cloud:
  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)
With cloud computing, companies only pay for the services they need, within a flexible, low cost framework. As a result, companies can utilize their limited valuable resources to pursue corporate objectives. Rather than invest in IT hardware and software, companies are free to invest in value adding activities. They also benefit from the provider’s specialized skills and investments in technology.

What Jobs are in this field?

Cloud computing jobs typically entail specialized training and skills. Often, these jobs require higher education and degrees in the fields of computer science, computer engineering, and information systems. For example, candidates for a Specialist position should have skills in the following areas:
  • Systems Architecture
  • Virtualization Technology
  • Analytical Reasoning
  • Collaboration

What does this mean?

Within India, as well as across the world, the growth in cloud solutions will lead to increasing demand for employees with applicable education and skills. The worldwide cloud computing market is projected to reach $411 billion by 2020. Also, over $1.3 trillion in IT spending will be affected by companies shifting their spending to the cloud by 2022. In India, several thousand cloud computing  job postings advertise vacancies. By comparison, US job postings in this market show approximately twenty thousand positions. Several technology companies in China have aggressive plans to dominate this market.

What should employers expect with Cloud Computing?

Employers should expect that demand for employees with cloud computing skills and experience will increase dramatically over the next several years throughout the world. They should also expect that traditional recruiting efforts may not be successful in attracting candidates with the skills and experience they need to success with cloud computing efforts.

What should employers do?

Employers in India should review their company’s growth plans and requirements for jobs within this market. They should also determine how their company’s growth plans will impact the cloud computing jobs required to meet their business plans and goals. Employers should examine their relocation policies to determine if they would benefit from enhancements to attract new hires and transferees looking to take computer industry jobs in India. Also, they should look into helpful educational resources for employees, such as an online tutorial for AWS (Amazon Web Services). Employers may benefit from reviewing a Technology Industry Case Study that identifies successful tactics for attracting new hires and transferees. They may also benefit by learning how other markets, such as healthcare, have been leveraging relocation benefits to attract and retain talent.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients develop relocation programs that attract and retain qualified employees across the world. Our team can help your company determine how to plan for India’s cloud computing job growth and the many opportunities it presents. Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s relocation program needs, or give us a call at 800.617.1904 or 480.922.0700 today. Request your complimentary Visa Program Assessment
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Upcoming Skills Gap in United Arab Emirates Requires Workforce Planning and Education Reforms

Effective workforce planning and education reforms in the United Arab Emirates (UAE) will help the seven emirates address an upcoming skills gap in their labor market. The Knowledge and Human Development Authority (KHDA) expects 40% of current jobs to disappear from the market over the next decade.

The decline of current jobs will impact the labor market across the range of all seven states within the UAE:

  1. Abu Dhabi (the capital of the UAE)
  2. Ajman
  3. Dubai
  4. Fujairah
  5. Ras Al Khaimah
  6. Sharjah
  7. Umm Al Qalwain

Fourth Industrial Revolution Helps Create Upcoming Skills Gap

All of the emirates are experiencing the effects of the “Fourth Industrial Revolution.” This revolution reflects the velocity, scope, and systems impact of a digital transformation that is changing economies, jobs, and work as it is currently known. Characteristics of the revolution include a fusion of technologies across the physical, digital, and biological spheres. As a result, the revolution impacts many areas, including:

As a result, many current jobs will disappear in the future, and employees are facing an upcoming skills gap. New jobs will appear that require skills applicable to the digital revolution’s needs.

How is UAE Planning for the Upcoming Skills Gap?

KHDA recognizes that new jobs will emerge in the labor markets, and these jobs will require technical skills. As a result, KHDA notes that a 10-year visionary planning effort must be undertaken to find solutions. KHDA believes these solutions will be found in several areas, including increasing family involvement, understanding the growing economy’s job requirements, and identifying future opportunities.

A strategy shift to address the upcoming skills gap will also require changing the education system. This change will equip residents with the appropriate technical skills that will enable them to successfully obtain new jobs in the future. As the KHDA recognizes what needs to be done, the organization and other UAE entities note the need to focus on education as well as practical, working-knowledge skills. Ideas in the planning stage include using the final year of education for internships and assignments at companies.

What does this mean?

The UAE recognizes that the digital revolution will create new job requirements. They also recognize at the same time that current jobs will disappear. This creates a need for appropriate planning to address the upcoming skills gap. Additionally, emirates growing at exceptional rates such as Dubai may have a surplus of jobs that require new technical skills. This surplus of jobs may require transferees from outside the emirates to relocate to the region in order to sustain economic growth.

What should employers expect?

Employers in the UAE should expect that current jobs may decline and employees may face an upcoming skills gap. Employers should also expect a rise in the need for new jobs that require new and extensive technical skills to meet the needs of the digital revolution.

What should employers do?

Employers in the UAE should review their company’s growth plans and requirements for jobs across all levels of skill sets. They should also determine how their company’s growth plans will impact the jobs required to meet business plans and goals. Employers should consider how they can address current employees who may face the upcoming skills gap. They should focus on training, education, and retaining employees who have valuable company experience and talent. Also, employers should review their relocation programs to determine how to present their company’s opportunities in the best light to attract highly skilled new hires and transferees.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients develop relocation programs that attract and retain qualified employees across the world. Our team can help your company determine how to plan for the UAE’s upcoming skills gap and its impact on employees, new hires, and transferees.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s relocation program needs, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary Visa Program Assessment

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Job Openings in the United Kingdom Rise as European Union Workers Depart

The United Kingdom (UK) has seen UK job openings rise over the past 12 months. This is due in part to European Union (EU) nationals who are leaving the UK and choosing to return to their native country. Some EU nationals note the BREXIT issue as a significant concern relating to their decision.

With over 132,000 EU nationals departing the UK, many companies and organizations face significant challenges as they work to find new hires. This trend adds to the large number of job vacancies in the UK, the highest since 2001 and a new record, according to the UK’s Office for National Statistics.

Where are the UK job openings?

UK job openings can be found throughout the country, but some regions have openings at far higher rates than other regions. Job seekers looking for opportunities in the UK should consider which region might offer the greatest number of vacancies.

UK job openings by region that are above the national average:

  • London
  • North West UK
  • Wales

UK job openings by region that are below the national average:

  • Scotland
  • Northern Ireland

What are the jobs with the highest demand in the UK?

Demand may vary by region and by job type. For financial sector jobs, London and the South West have the highest number of UK job openings. By comparison, social workers and nurses are more in demand in the North West.

What are the Best Cities to find UK Job Openings?

The UK has several cities with thriving economies. Those looking for UK job openings should review cities where their particular skills and education may be in higher demand. This may help them find viable opportunities more quickly than if they target cities with less demand. Several online resources are available to help job seekers research UK job openings.

What does this mean?

Changing dynamics in the UK economy due to BREXIT, economic growth, financial markets, inflation in UK consumer prices, severe weather patterns, and many other factors continually create new UK job openings. Companies in the UK often must manage several openings, searching for new hires and transferees with skills and education. These employees will help them meet growth targets and corporate objectives. As a result, job seekers often have many opportunities with the UK to find employment.

What should employers expect?

Employers should expect that UK job openings will continue to increase as EU nationals leave the country. They should also expect continuing impacts from changing dynamics in the UK economy, including UK consumer confidence changes and UK housing market issues.

What should employers do?

Employers in the UK should review their company’s growth plans and requirements for jobs across all levels. They should determine how their company’s growth plans will impact the jobs required to meet business plans and goals. They must also consider how their plans should adapt to the changing dynamics of the UK economy.

Employers in the UK should also examine their relocation policies to determine if they would benefit from enhancements to attract new hires and transferees looking to take jobs in the UK. They may also benefit by learning how other markets, such as healthcare, have been leveraging relocation benefits to attract and retain talent.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients develop relocation programs that attract and retain qualified employees across the world. Our team can help your company determine how to fill UK job openings with new hires and transferees who possess superior skills and experience.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s relocation program needs, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary Visa Program Assessment

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Brexit Impacts Job Seekers from the European Union

European Union flag and map

The United Kingdom’s (UK) upcoming Brexit impacts the labor market in many ways. As a result, job seekers from the European Union (EU) may be responding to the uncertainty and the upcoming departure from the EU by reducing their search for positions in the UK. Net long-term migration to the UK from the EU fell in July of 2018 to its lowest level in over four years.

Brexit impacts other areas as well, and may be related to persistent weakness in the British pound relative to other European currencies since 2015. Consequently, a weaker UK currency reduces migrant’s purchasing power back in their home countries.

UK Net Migration Target

The UK government had set a target in 2010 to reduce net migration, however that target has never been met. Part of the failure was due to migration into the UK from countries located outside the EU, including (in alphabetical order):

  • Australia
  • Bangladesh
  • Canada
  • India
  • Jamaica
  • Kenya
  • Pakistan
  • South Africa
  • United States

How Brexit impacts job seekers may actually help the UK government reduce net migration into the country. The reduction, however, could have negative impacts in other areas.

Impact of Net Migration Reduction on Industry

The various ways that Brexit impacts job seekers may disproportionately affect certain industries in the UK. As a result, construction and health care are most at risk as job seekers reduce their willingness to migrate to the UK. These two industries rely heavily on migrants to fill open positions. The UK’s strong economy as well as its changing demographics had been driving up demand for workers in these two industries. Additionally, changing economic conditions in migrant’s home countries such as Romania, Poland, and Ireland may allow them greater opportunities to remain in their country of origin. These changing economies may allow them to find jobs that offer sufficient pay and benefits for their needs.

What Should Employers Expect?

Employers seeking to fill positions in the UK should expect that Brexit impacts job seekers from the EU. They should also expect that they may need to review their talent recruitment program to attract job seekers from other regions as the global economy dynamically changes where migrants seek new jobs.

What Should Employers do?

Employers in the UK finding difficulties in hiring and recruiting for positions in specific industries should consider highlighting their relocation program’s benefits in their recruiting materials. Talent shortages can be mitigated with global relocation. Helpful tips for employers facing talent shortages include:

  1. Provide an Exceptional Candidate Experience
  2. Use Data to Enhance Recruiting Efforts
  3. Recruit for Cultural Fit to Your Organization
  4. Create a Superior Employer Brand
  5. Speed the Process to Keep Candidates Engaged

Relocation Management Companies (RMCs) can provide expert assistance to employers in the UK looking to enhance their company’s global candidate recruitment and relocation.

Conclusion

Global Mobility Solutions’ team of global relocation experts has helped thousands of our clients with their talent recruitment programs. As a result, we can help your company understand how Brexit impacts your company’s talent recruitment processes. We can also help your company leverage its relocation program to attract and retain highly skilled and talented job seekers.

Learn how your company can benefit from highlighting your relocation program to job seekers from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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China Residency Rules May Increase Taxes on Foreign National Employees

Attractive young man standing near the glass fence outdoors with cityscape in the background

China residency rules are changing with the implementation of a new law. The People’s Republic of China Individual Income Tax law has abolished the 5-year tax exemption period during which a foreign national employee does not have to pay income tax on their worldwide earnings. As a result, foreign national employees working in China may face higher taxes on their earnings.

What are the Current China Residency Rules?

Currently, foreign national employees have an exemption for five years before they must pay income tax on their worldwide earnings. Until the five year requirement is met, they only owe income tax on their earnings in China. Also, the current China residency rules require five full years before tax on worldwide earnings takes effect. Foreign national employees with absences are able to avoid the tax requirement if they break residency with one of the following scenarios:

  1. Have an absence of 30 or more days continuously on a single trip during the year.
  2. Have an absence of 90 or more days over multiple trips during the year.

What are the New China Residency Rules?

The new China residency rules eliminate the full year requirement for residency starting January 1, 2019. Instead, foreign national employees who are a resident in a People’s Republic of China-treaty country, and who work in China more than 183 days in a given year, will owe taxes on worldwide earnings. Foreign national employees receive an exemption for China income tax if they do not exceed 183 days residing in China.

Foreign national employees from a non-treaty country have a much shorter China tax exemption of only 90 days. After 90 days, these employees would owe tax to China on their worldwide earnings.

What Should Employers Expect?

Employers in China should expect that the new China residency rules may require employees to pay taxes on their worldwide earnings to China if they exceed 183 days residing in China during a year. Also, there is no mention of any five year period to determine residency, so employees may face immediate tax obligations.

What Should Employers do?

Employers should review their current employment situations in China to determine how the new China residency rules will impact their company and their employees residing in China. They should also provide information to their employees residing in China so the employees can prepare for possible tax obligations accordingly.

Conclusion

Global Mobility Solutions’ team of global relocation experts has helped thousands of our clients with their country-specific employment, visa, and residency requirements. We can help your company understand how to respond effectively to new China residency rules.

Learn how your company can mitigate the impact of China residency rules and resulting tax impacts on employees from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s relocation program needs, or give us a call at 800.617.1904 or 480.922.0700 today.

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Buy a Home Global Relocation Trends Relocation Challenges

Dublin Housing Market Remains Strong, Prices Begin to Stabilize

Walking through the beautiful streets of Dublin, Ireland

The Dublin housing market is beginning to stabilize after experiencing a period of rapidly rising prices. Residential property prices in Dublin rose in some places from 50% to 100% or more since the 2012 housing bust through 2015, but then moderated when changes were made to Central Bank rules. Over the past few years through 2018, Dublin housing market prices have been rising even higher. Through the second quarter of 2018, residential prices in Dublin rose year-on-year by 6.2%.

Overall, housing in Ireland continues to face strong demand and weak supply. New construction in Dublin generally focuses on new homes in the form of housing estates. Most demand is for apartments located in the city, indicating a mismatch between supply and demand. However, the new home construction in the Dublin housing market has helped prices stabilize.

According to Daft.ie’s Irish Price Report for Q3 2018:

Most Expensive Housing Markets in Ireland

  • South County Dublin
  • South Dublin City
  • North Dublin City
  • Wicklow (located south of Dublin on the east coast of Ireland)

Ireland’s Strong Economic Growth Drives Dublin Housing Market

As the Ireland economy continues expanding with growth forecasts in some cases doubled, the Dublin housing market will experience continually higher demand. New construction adding to the supply will help keep price increases from overheating too rapidly.

There are concerns that the Ireland economy is growing too fast. Growth estimates of over 9% in the first half of 2018 may be high due to multinational currency transfers. However, the underlying economic momentum appears to be two and a half times the European Union average.

What should employers expect?

Employers should expect that the Dublin housing market will continue to experience price increases. Both residential home prices and rents are expected to continue rising. Conversely, employers looking to relocate employees from the Dublin market may experience shorter timeframes for property sales.

What should employers do?

Employers should review their hiring plans and determine how to mitigate the impact of the Dublin housing market price increases. Employers should examine their relocation policies to determine if they would benefit from enhancements that assist transferees looking to relocate into Dublin.

Conclusion

Global Mobility Solutions’ team of global relocation experts has helped thousands of our clients with their country-specific employment, visa, and residency requirements. We can help your company understand how to respond effectively to the Dublin housing market. Our experts can help your company understand the impact on transferees and their ability to accept relocations as housing prices continue to rise.

Learn how housing markets impact relocations from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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About

Contact Us

About Us

GMS Client Login

Privacy Policy

Other Services

Our Technology

Global Relocation

Group Moves

U.S. & Canadian Relocation

Address

Global Mobility Solutions
15333 N. Pima Road
Scottsdale AZ, 85260

1.800.617.1904
Available 24/7/365

About

Contact Us

About Us

GMS Client Login

Privacy Policy

Address

Global Mobility Solutions
15333 N. Pima Road
Scottsdale AZ, 85260

1.800.617.1904
Available 24/7/365

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