Singapore still best destination for expats - HSBC survey
Relocating abroad boosts average salaries by $21,000 a year, according to this year's HSBC Expat Explorer survey, published on Thursday.
Women not benefiting as much as men from international assignments
But the survey also found that relocating women still trailed their male counterparts in several respects. While expat women’s income was boosted by about 27 per cent - a bigger increase than men saw - their average salaries remained $42,000 lower than males'.Additionally, only about a quarter of women moved abroad in a bid to develop their careers, compared with 47 per cent of their male counterparts.Related articles:
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Singapore has everything an expat could want
Based on all criteria, including lifestyle, family experience and career prospects, in addition to finance, the survey adjudged Singapore to be the most desirable expat destination in the world for the fourth year running.“Singapore packs everything a budding expat could want into one of the world’s smallest territories,” HSBC said. "A combination of strong economic, working, family, social and wellbeing ratings makes Singapore the global leader for expats yet again this year. No matter their age, gender, circumstances, nationality or career, expats enjoying life here agree it's tough to beat."Sweden, one of the world’s most gender-equal countries, got top billing for family life, while New Zealand's “welcoming atmosphere and personal benefits that can last a lifetime” topped the experience category ahead of Spain and Taiwan.The UK is one of the most popular expat destinations in the world
The UK moved up five places to stand 22nd in the overall rankings. "The UK is one of the most popular expat destinations in the world, offering an attractive mix of work opportunities, culture and entertainment," said the report."You can enjoy a good quality of life in the UK, benefiting from a world-class infrastructure that includes an extensive public transport system and the National Health Service. One drawback is the high cost of living, especially in the capital and places like Aberdeen, Birmingham and Glasgow."Expat life in the US: long hours and hard graft
At 23rd was the USA, unchanged from the 2017 rankings. While HSBC said the States was a traditional expat magnet, with many choosing to take up permanent residence, it added: "The American economy is robust and varied. Working life is often characterised by long hours and hard graft."And while there are plenty of opportunities for expats to succeed – the USA came second out of 31 countries in our 2018 Expat Explorer Survey for career progression – the corporate environment can be ruthless."A full copy of the survey can be found at https://www.expatexplorer.hsbc.com/survey/HSBC Expat Explorer top 10, based on all criteria:- Singapore
- New Zealand
- Germany
- Canada
- Bahrain
- Australia
- Sweden
- Switzerland
- Taiwan
- United Arab Emirates
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