A recent study from the trade group CompTIA found that 78% of tech workers are more than happy to relocate. As the cost of living rises in large cities, IT professionals are starting to look for international opportunities that help them move to a new country. With that in mind, employers can make their positions more appealing by offering the following benefits.
Overall Cost of Living Decrease
The cost of living in the United States, Canada, and Europe is among the highest in the world, but Switzerland, Iceland, and Norway are among the highest. If most tech employees make the same as they do now and they relocate to Asia, specifically China, their money will go nearly twice as far. Necessities like power, housing, water, and groceries will cost significantly less.
Lump Sum Relocation Package
A lump sum relocation package offers a bonus to employees who are willing to move to another country. This relocation lump sum cost will cover transportation, moving expenses, a temporary rental home, security deposits, fuel, closing costs, and much more. HR may even sign off on family-related care like preschool, private school costs, and vehicle wear and tear.
Shorter Commute Times
Despite California’s high population, it has one of the slowest public transportation systems in the world. Unless you live in Seattle, Washington, Boston, Massachusetts, or New York, New York, most Asian countries will offer shorter commute times. With round-the-clock service and a well-maintained road system, your employees will have no problem commuting to work.
Accessible and Affordable Housing
Unless your employee lives in middle America, it’s likely they can’t save up enough to pay for a home. Rising rent prices make it impossible for 34% of Americans to own a home. Although 65.8% seems like a lot of people, there are over 40 countries, including popular relocation spots like Singapore, China, and Taiwan, that place total house ownership well into the 80%.
Quality of Outdoor Activities
Employees who enjoy the great outdoors typically jump at relocation opportunities. Most IT professionals work in small cubicles, or at best, in their homes surrounded by a concrete jungle. The ability to check out incredible mountains, parks, oceans, and other beautiful scenery attracts expats the world over, and it will undoubtedly pique the interests of a tech workforce.
Job Security and a Higher Income
Job security and a higher income are two of the main factors IT pros consider when choosing where to work. Tech giants like China, Japan, and Germany offer boundless job security for international job seekers because they need to diversify their talent pool. IT professionals who received accreditation from an Ivy League school will see a pay bump when they move.
Flexibility (Remote Work)
One fear of relocation revolves around the bad reputation some countries receive on how they treat their employees. However, great companies work with other great companies to ensure that doesn’t happen. Many international corporations that accept expats will allow their employees flexible hours, the ability to work from home, vacations, and extended weekends.
Lower Crime Rate
Many large cities in America have incredibly high crime rates. The United States ranked 56th in the crime index, but places like the United Kingdom, Ireland, Italy, Australia, New Zealand, Thailand, and Germany rank much lower. Taiwan has the 3rd lowest ranking on the crime index at 135 out of 137, with UAE and Qatar being the lowest. Expats that want to experience a safer life for their family will want to move to almost any country but the United States.