By Jens Baier, Orsolya Kovács-Ondrejkovic, Tobias Zimmermann, Pierre Antebi, Susan Gritzka, Sacha Knorr, Vinciane Beauchene, Carmen Marquez Castro, Zoë McFarlane, Anja Bates, Julie Bedard, and Ashish Garg
This is the first report in a series analyzing the work preferences of global talent in 2024.
Ten years ago, we launched the Decoding Global Talent series of reports, excited to watch trends in the wide world of work. We never imagined how powerfully and rapidly various global forces—the pandemic, remote work, geopolitics, GenAI, and more—would disrupt work. Nevertheless, the turmoil of the past decade has had little impact on the enduring appeal of talent mobility.
Take Anne Granelli. We first interviewed her in 2014, when Anne, a biomedical researcher and native of Sweden, was living and working in New Delhi with her family, after a stint in Canada. “We really like the international atmosphere,” she shared then. “It’s a great opportunity to get different views and learn a lot.” We’ve continued to follow her story. Now 53, she is living and working in Dubai for a US-based medtech company. She recently observed, “Life is too short not to explore all the options.”
The options for working abroad are plentiful—as are the workers who are ready for new opportunities.
Employers and nations stand to benefit as well. But to reap the rewards, they must understand the preferences of mobile workers, which entails answering several key questions:
In 2023, Australia, which has been steadily rising through the ranks since we initiated this series, finally topped the list of desirable country destinations.
Australia became more attractive to respondents from Asian countries, and it rose in popularity among respondents from North America, Africa, and several European countries, including the UK and Ireland. Amid an economic boom as the world emerged from the worst stages of the pandemic, Australia has been attractive to talent from abroad, offering job opportunities, visas, and great quality of life.
Overall, though, the upper echelon of the rankings hasn’t changed much. Canada and the US are still top-three talent destinations because of the attractive economic opportunities they offer and because they are, simultaneously, English-speaking countries and global melting pots.
The most dramatic change we found in the rankings was Spain’s reemergence among the top ten, after becoming less attractive during the pandemic (the country was hit hard early on).
We dug deeper to find out how people who are willing to move for work choose a destination, leaning on definitions and rankings from the Organisation for Economic Co-operation and Development in its 2023 Indicators of Talent Attractiveness report.
We looked at extrinsic factors—characteristics of countries. We found that one consistent, primary consideration supersedes individual country brands: the quality of job opportunities. Nevertheless, a few countries benefited from another prominent consideration: quality of life.
And we looked at intrinsic factors—practical considerations related to the individuals themselves. Overall, speaking the primary language or languages of the destination country matters a lot, especially among respondents who favor English-speaking countries. Personal recommendations from acquaintances who have experience with the destination country make a difference, too, as does having a diaspora of the same nationality in the target destination.
People’s interest in moving abroad for work is significant, as are the benefits for employers and national and local economies. We recommend that businesses and governments target several key strategic areas and offer mobile talent advice along each step of the journey that they will be taking.
It’s no accident that we start with recommendations for employers...
But governments play a strong enabling role, so we have recommendations for them too...
People who have moved abroad for work—or aspire to—do so for a variety of practical reasons. But there’s also a sort of joie de vivre that takes hold among mobile talent. Patrick Byrne, a US-born lawyer now in Spain, shared with us, “I love the idea of adventure. Just the idea of living somewhere else, trying something new, experiencing another culture. That alone is an amazing thing.”
Employers and nations that tap into such positive energy, from the millions of workers with mobile aspirations, will gain a major competitive advantage and source of growth.
Jens Baier leads Boston Consulting Group’s work in human resources (HR) in Central and South America, Europe, and the Middle East (CEMA). Since joining the firm in 2000, he has managed a wide range of projects, including HR excellence programs, migration of HR IT to cloud solutions, strategy development, large scale transformation, organizational redesign, role of the center definition, set up and optimization of shared services, and cost efficiency programs. He has worked with clients in a wide range of industries in Germany, Europe, the Middle East, and South Africa.
Orsolya Kovács-Ondrejkovic joined Boston Consulting Group in Budapest in 2013. She is a member of the People & Organization practice, focusing on people strategy. Orsolya has significant expertise in HR (especially redesigning HR operating models), talent and workforce trends, organizational design, and strategic workforce planning, and has worked with leading global companies. Her present focus is helping organizations prepare their workforces for the future of work.
Vinciane Beauchene is a core member of The Boston Consulting Group’s Health Care, Industrial Goods, and People & Organization practices.
Ashish Garg is the leader of People & Organization practice in Asia-Pacific and a core member of the Financial Institutions and Public Sector practices. He leads BCG’s work in skilling, capital markets, and wealth management in India.