Turning point in emigration: Fewer people leave Hungary

Based on a recent survey conducted by the Boston Consulting Group and Profession.hu, much fewer people want to emigrate from Hungary to work abroad than four years ago, while foreign employees are less interested in working here.

According to portfolio.hu, the survey called “Decoding Global Talent 2018” was conducted in 197 countries and asked 366 thousand employees and 6 thousand recruiters.

Based on the results, only 35% of Hungarians want to work abroad, which is less than the 57% global average.

Moreover, the rate had significantly dropped compared to four years ago, when 58% of Hungarians claimed that they would want to move abroad.

The decrease is significant among both young adults and highly qualified people. 45% of the youth would go abroad compared to 60% four years ago, while 37% of the highly qualified layer would leave the country compared to 65%.

It is interesting that the mobility willingness of Hungarians under 20 is 66%, which exceeds the global average. The most prominent effects can be felt in the IT, business administration and media sectors. In addition, 40% of people with a doctoral degree would prefer to leave the country.

According to the survey, fewer and fewer people want to emigrate from Eastern Europe in general, whereas the tendency was the other way around in 2014.

They believe that this is due to the countries’ emerging economies and better work opportunities.

The most popular destinations are the United States and Germany. The attractiveness of the United Kingdom declined after Brexit, while Switzerland also fell back on the top list.

However, despite Brexit, London is still the most attractive city, followed by New York and Berlin. The popularity of cities like Dubai, Abu Dhabi and Hong Kong have increased a lot in recent years.

Regarding the expectations of employees, Hungarians lay emphasis on the acknowledgement of work, good relationship with colleagues, work-life balance and good salary.

It can be said that there is a need for a great change of approach in the changing economic environment if an employer wants to stay competitive in the long-run.

Featured image: MTI

Source: https://www.portfolio.hu/