Nobody should be in the position of feeling like their job is at risk. But with the pandemic still at large and struggling economic markets, which countries are people turning to for a more stable career environment?
Keep in mind, a shortage of disposable income will have an effect on the expansion of the job market in the short-term. However, the overall country-specific perception is unlikely to change.
Opportunities are plentiful nowadays. If you are a skilled professional, it makes finding the perfect job in your dream country even easier.
Below are the top 10 countries that offer the best job security:
- The United Kingdom
- Hong Kong
The United Kingdom
The UK remains one of the highest paying countries to work in, and unemployment rates are extremely low. Although Brexit was thought to have an impact on employment opportunities, it has proved to have been positive. With the UK being allowed to have more freedom with its immigration rules, foreign nationals have more job opportunities with new visa routes. A skill shortage is becoming a drastic problem for the UK, and industries are seeking highly skilled professionals from across the globe to work.
Pursuing a career in the UK has become easier than ever before. With visa routes such as the new UK Skilled Worker Visa, utilising your professional skills and experience can secure your place in the UK job market.
Germany possesses one of the biggest economies in the world, and there is some job stability within the country. However, there are issues revolving around Low wages and heavy taxations when it comes to settling your career in Germany.
China is currently calling out for a skilled workforce, especially in IT, AI and science, aiming to bring in more foreign entrepreneurship. However, job security can be unstable in China. The country aims for excellence – so it can be highly competitive and stressful maintaining a strong career.
For decades, working and living in Hong Kong has been attractive amongst those seeking new challenges overseas. The location, infrastructure and low taxation have contributed to its leading regional status. However, political unrest with regards to the US-China trade war threatened the future of thousands of small Hong Kong trading companies. Therefore, Hong Kong continues to repair its current climate instead of encouraging foreign entrepreneurship.
International companies in Turkey are always searching for workers. As foreigners leave, Turkey has actively been seeking and attracting a foreign workforce from abroad. However, it has proved difficult for foreigners to get some types of employment, and mostly those who speak english can only find english teaching jobs.
Australia is considered a wealthy nation with a market-based economy that has a high gross domestic product and per capita income. While unemployment may be low, underemployment and underutilisation rates remain stubbornly high. Economic disruption and stagnation in wage growth have also made it difficult for foreigners to uproot their lives and move to Australia for work. Australian job recruiters are also more attracted to those who already have local experience.
Canada is a cherished destination for professionals seeking lifestyle and career advancement. A higher education and professional career can be the gateway to many privileges — but amidst Canada’s shifting economic tides, job security isn’t always one of them. As Canada aims to prioritise improving its local workforce, it can be difficult for foreign nationals to infiltrate the Canadian labour market.
France has a huge attraction to a technological workforce. Like other European countries, France has a technology industry that dreams of being able to employ digitally skilled and a qualified workforce. However, the bureaucracy, the still-rigid jobs market, high unemployment and the need for French language will no doubt make it harder for foreigners to find work in France than in some other countries.
The USA has always been seen as a huge attraction for innovators, entrepreneurs and talented people. However, unemployment, employee hostility and specific instability of jobs in its science and technology enterprise are proving to be unattractive to foreigners when deciding where to settle their careers.
The financial service industry is a big employer in Switzerland and it is known as a high wealth centre. However, compared with elsewhere in Europe, employers in Switzerland are fairly free to fire employees as they see fit, provided discrimination laws are complied with. High salaries are necessary, however, given Switzerland is one of the most expensive places in Europe in which to live.