UK slips down rankings as a global work destination

03 January 2018


- Canada leapfrogs UK into second spot

- UK still third most attractive destination despite EU referendum result

- UK falls out of the top six destinations for European employees despite being joint- second in 2012

Post the EU referendum, the UK has slipped down the world rankings as a desired work destination for global employees according to a new report by accountancy and advisory firm BDO.

The report which surveyed over 10,000 people in 20 countries found that Canada has leap-frogged the UK as the number two target destination for employees across the world.

Respondents were asked to pick their top three destinations to work.  Canada was up 2% to 22% compared to the UK which has fallen by 3% to 19% (now level pegging with Australia)   

The United States holds the top spot as the most desired country to relocate to despite suffering a 4% drop in the last five years.

Geography, common language, culture and business practices often exert a significant influence on where employees are most likely to relocate to.

Europeans most prefer the United States as a work destination despite a drop of 5% in the last five years to 24%.  The UK does not feature in the top six countries to relocate to for European employees.  In 2012 it was the joint second destination for European workers.

18% of employees said they’d be very likely to relocate for up to two years and take a full time job in another country without any incentives beyond an increase in pay.  This group – the ‘eager minority’ has shrunk considerably over the past five years (25% in 2012).
 

Commenting on the findings, Paul Eagland, Managing Partner at BDO said:

“UK businesses are already struggling with a skills shortage.  The impact of the EU referendum and uncertainty around a new trade deal is likely to make this worse.  It’s absolutely imperative that the Government makes it clear to the world that the UK is still a great place to do business and that we continue to attract the world’s brightest and best to our country”.

 

Top 4 countries to relocate: All

Country

2017

2012

Change

United States

30%

34%

-4%

Canada

22%

20%

+2%

United Kingdom

19%

22%

-3%

Australia

19%

20%

-1%

 

Top 6 countries to relocate: Employees from Europe

Country

2017

2012

Change

United States

24%

29%

-5%

Germany

20%

17%

+3%

Switzerland

20%

20%

n/c

Australia

20%

20%

n/c

Canada

19%

18%

+1%

Spain

19%

13%

+6%

United Kingdom

Not in top six

20%

n/a


The research was conducted by Ipsos on behalf of the Canadian Employment Relocation Council (CERC) and BDO.  The poll ran in 20 countries via the Ipsos Online Panel system.  It fielded between February 2017 and March 2017.  Approximately 300-500 individuals participated on a country by country basis with the exception of Australia, Canada, China, France, Germany, Japan, Spain, the UK and the US which each have a sample of 500+.

 

ENDS

 

Note to editors:

Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.

Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high growth businesses that fuel the economy. 

We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed. 

BDO LLP

BDO LLP operates in 18 offices across the UK, employing 3,500 people offering tax, audit and assurance, and a range of advisory services. BDO LLP has underlying revenues of £428m and is the UK member firm of the BDO International network.

BDO’s global network

The BDO global network provides business advisory services in 162 countries, with 74,000 people working out of 1,500 offices worldwide. It has revenues of $8.1bn. 


Contacts:

Elliott Grady
Head of External Communications

Elliott.x.grady@bdo.co.uk
07812 666010
 

Press office:

020 7893 3000
media@bdo.co.uk