Forbes India 15th Anniversary Special

For relocating workers, London works like a charm

According to a BCG-The Network poll, the UK capital is the most attractive destination for emigrating workers

Ruchika Shah
Published: Jul 16, 2018 12:29:37 PM IST
Updated: Jul 16, 2018 12:47:21 PM IST

For relocating workers, London works like a charmImage: Shutterstock

Job profiles and descriptions are evolving thanks to new technologies, especially automation.

The younger generation is entering the workforce while the older ones are retiring, so experienced talent is scarce. “As they [companies] wrestle with such challenges—and resulting talent imbalances—corporate leaders and economic policymakers should take a closer look at where people want to work, what they want in a job and where to find the needed skills,” the Boston Consulting Group (BCG) said in a statement.

BCG and online international recruitment company The Network recently carried out a survey titled ‘Decoding Global Talent 2018’. The survey of 366,139 workforce respondents from 197 countries found that the willingness of employees to emigrate has dipped marginally from 64 percent in 2014 to 57 percent today, thanks to tighter immigration and trade norms in the US and Brexit. Refugees in Europe, Asia’s rise as an economic superpower and eastern Europe’s revitalisation are also factors. The future of the workforce will include finding foreign candidates at a time when immigration policy is undergoing change in many countries, BCG said in a statement.

Here are the top ten cities that are most attractive for employees across the world, according to the survey:
For relocating workers, London works like a charm

(This story appears in the 03 August, 2018 issue of Forbes India. To visit our Archives, click here.)