Number of Brits on overseas assignments sees dramatic decline
Although the UK is now the third most popular destination for international expats, there’s no drop in the numbers being sent by overseas employers to work in Britain. The UK's figure is just below the USA’s total of expat incomers for work purposes, with China in second place due to its increasingly friendly rhetoric towards foreign investment and international business. Brexit, however, seems to already be having a negative effect on the numbers of Brits being sent on overseas assignments by their companies.
From a total of 13 per cent of all world oversees transfers in 2016, UK numbers for last year have dropped to nine per cent. Totals notwithstanding, the report acknowledges the increasing complications plaguing overseas transfers and relocations in spite of the fact that commercial growth is fuelled by employee mobility. Changing political climates and stricter immigration rules and regulations are threatening international mobility on a large scale by making processes far slower and less certain than in the past.
Global mobility teams are now being urged to be proactive in engaging business leaders from the beginning of any potential international assignment in order to ensure the process goes ahead in a timely and trouble-free manner. According to the CEO of a major relocation company, the intense speculation over the UK’s post-Brexit place in the first-world environment doesn’t mean Britain isn’t open for business any more.
Although the fall in numbers of UK professionals being sent overseas isn’t insignificant, it seems UK companies are exploring alternatives to long–term assignments such as business traveller options rather than committing themselves and their employees to an uncertain future in an increasingly unstable international climate.
Related Stories:
- Tips on a trouble-free relocation as an expat overseas - July 20, 2020
- Expats in Malaysia still banned from overseas travel - July 17, 2020
- China hits its expats with 45 per cent tax on overseas earnings - July 15, 2020
- Saudi extends visas and permits of expat professionals trapped overseas - July 14, 2020
- Brits looking to expatriate can now find property bargains - June 4, 2020
- Is expat travel overseas dead in the water? - May 19, 2020
- Brit expats overseas caught in coronavirus and Brexit turmoil - May 18, 2020
- Thailand to ask expats to help restore its tourism numbers - May 12, 2020
- Brits getting out of London are heading for New Zealand - April 27, 2020
- Brits rush for dual EU nationality in order to retain free movement - April 13, 2020
Latest News:
- Tips on a trouble-free relocation as an expat overseas - July 20, 2020
- Expats find peace in the covid-19 refuge of Dahab town - July 20, 2020
- Is Kuwaitization the unintended result of the oil price crash? - July 20, 2020
- Expats unhappy abut changes to Korean points-based visa system - July 17, 2020
- Chiang Mai and Bangkok no longer bargain locations for expats - July 17, 2020
- Expats in Malaysia still banned from overseas travel - July 17, 2020
- Vietnam welcomes expats to its safe, affordable lifestyle - July 16, 2020
- Asian tiger economies reach out to expats in Hong Kong - July 16, 2020
- HSBC Asia to cut back on internal expat relocations - July 16, 2020
- Tips on integrating for newly-arrived expats - July 15, 2020