Hong Kong is the second most popular destination, behind the UAE, for relocating global professionals to stay on longer than they originally intended, according to a new report, carried out by global specialist recruiter Hydrogen, beating Singapore which came ninth. Hong Kong's ability to attract professionals from overseas is due to the variety it has to offer.
Simon Walker, Hydrogen's Managing Director for Asia, said, "Whatever stage of life you are at, you will find the right neighbourhood in Hong Kong. Your experience of the place will depend on why you are there and where you live, but one thing is certain, you will enjoy an exceptionally high standard of living and quality of life."
The rising value of Asian professionals with international experience is a new feature of the global market in professional skills.
Asians who have worked away from home, and whose home countries are now becoming economic powerhouses, have become highly prized, as they combine international experience with an understanding of local culture and customs. Countries across Asia are starting to tempt this national talent home with incentives.
Hydrogen's Global Professionals on the Move 2013 report, is based on a survey of over 2,000 professionals in 90 countries and is conducted by ESCP Europe. It looks at the experience, attitudes and priorities of highly qualified, high earning professionals with regard to working abroad.
The survey found that 83% of respondents who had relocated said it accelerated their personal development, while 77% said it benefitted their career prospects. Relocating enhanced the salaries of 72%.
Meanwhile, 43% said family would be their main potential barrier to relocating; and 12% thought there were no barriers to relocating at all (up from 4% last year).