Work - Expat Magazine
In the world of economic growth, emerging nations are flourishing. Their GDP is on the rise at a faster pace compared to more developed economies, offering an enticing opportunity to attract entrepreneurs and foreign investors. So why should you do business in an emerging country, and what are the risks?
Christmas has become a popular corporate event around the world, with many companies embracing end-of-year celebrations through occasional tinsel trees and various levels of decorations, ranging from discreet to elaborate. However, when it comes to etiquette, here's what expats should keep in mind.
The end-of-year bonus is commonly known as the “13th or 14th month” or the “Christmas bonus”. This financial aid is helpful, especially amid the current economic crisis. In which countries can you expect to receive an end-of-year bonus? Are expats eligible?
You've just arrived in your host country or lived there for some time. You feel comfortable in your new job and looking forward to a long stay in your host country. Still, there's one important area in which you still have a lot to learn: cultural nuances. A glance, a smile, or a hug may carry diverse meanings depending on the context and cultural background. Here are some tips for adapting and integrating them into your daily routine.
What will the work organization of the future look like? Amidst the options of 100% in-person and 100% remote work, alternative work forms are gaining popularity. Many employees advocate for increased flexibility but seek flexibility that ensures their protection. But what about expats?
Australia
Labor shortages are compelling Australia to seek foreign talent, which is considered essential for economic growth. Meanwhile, the housing crisis is increasing against a backdrop of persistently high inflation. Here's an overview of the current situation in Australia and the implications for foreigners.
France
France is perceived as a land of paradoxes. On the one hand, uncertainty and division are prevalent, yet the country also demonstrates significant acts of unity. While it welcomes international talent with open arms, it grapples with internal conflicts regarding immigration reforms. The latest Insead report highlights another paradox: France is acknowledged for its innovations but faces challenges in attracting foreign talent.
The European economy is facing challenges, with recent estimates from Brussels indicating a growth of 0.6%, down from 0.8% a few months ago. The slowdown is attributed to a recession impacting various European nations. Additionally, the European Commission acknowledges the impact of an ongoing labor shortage and is looking to implement new measures to attract workers from outside Europe.
There is a continuous and concerning shortage, raising the question of whether academic careers are in decline. The field of teaching is becoming less appealing to individuals, and this issue is becoming more prevalent in numerous countries worldwide. Interestingly, this situation might offer a chance for people looking to boost their careers overseas.
Job stability is essential for everyone, but it may be even more important for expats whose residence status depends on their work visa. In some countries like the US and Gulf countries, the massive layoff of expats has threatened both their livelihood and residence status.
Choosing to relocate to an emerging economy is a bold decision for anyone seeking to navigate environments undergoing rapid growth, often characterized by robust economic dynamics but slower social changes. Before getting started, it is crucial to understand what 'emerging economy' truly means and how these swiftly evolving countries present unique opportunities and stimulating challenges for prospective expats.
If you're an expat who hopes to get a job in Europe, a new report from the European Labour Authority (EURES) will be of great help to you. It has analyzed the jobs that are the most and least in demand across all countries of the EU. The jobs requiring the most expat labor are in skilled manual trades, medicine, IT, engineering, transportation and education. Meanwhile, less expat labor is required in administration, the arts, communications and the social sciences.
The already vulnerable agricultural industry continues to face labor shortages worldwide. Governments are faced with the challenge of getting local people interested in farming and thus have recourse to the foreign labor force, which is quite challenging.
Many students dream of finding an internship abroad. Indeed, it's a unique opportunity to discover different aspects of a new country and even to consider long-term immigration. But are internships abroad always paid? What should you consider before embarking on an internship adventure overseas?
While many countries are experiencing a brain drain, some are also facing a female brain drain. Graduated and experienced women professionals no longer hesitate to leave their countries to pursue careers abroad. Moving to a foreign country sometimes sounds like an obligation for those who want to enjoy complete freedom.
In some countries, there are talks about a "brain drain". This is another major challenge for developing countries whose health systems are still reeling from the Covid pandemic. How can countries attract and retain health workers? The shortage of health workers affects countries worldwide, even the wealthiest.
Working abroad can be psychologically daunting. Culture shock, homesickness, different corporate norms, and even different weather can easily lead expats to depression and burnout. This is why it's important to choose an employer who values your mental health and has implemented workplace policies that give you a great environment to thrive in.
Workations are short-term or mid-term trips that combine work and holidays. They're an excellent solution for expats who can't afford to take a few weeks completely off work but do need a change of environment. The difference between “workations” and “digital nomadism” can be fuzzy, but it's generally assumed that digital nomadism tends to be more long-term. Many expats think that workations help them avoid burnout and make them more creative at work, but it can also put them under stress about how to manage their time and budget while doing two things at a time.
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