KUALA LUMPUR, Malaysia,
May 14, 2013 /PRNewswire/ --
Malaysia is looking at
initiatives to attract back nationals who have acquired
international experience in key professional sectors such as
finance and technology, to return home and contribute to developing
its economy, says a new report. It found a growing trend across
Asia of countries trying to
recruit national professionals who have gained valuable
professional experience abroad, so that their countries benefit
from the skills and experience these expats have acquired.
(Photo:
http://photos.prnewswire.com/prnh/20130515/613584-INFO )
The Global Professionals on the Move 2013 report
conducted by global specialist recruiter Hydrogen, highlights the
value of international experience for professionals. A theme to
emerge in the report is the rising value of Asian professionals
with international experience. Asians who have worked away from
home, and whose home countries are now becoming economic
powerhouses, are exceptionally valuable, as they combine
international skills and training with a profound understanding of
local culture and customs. Malaysia is leading the way with its Returning
Expert Programme.
"This was set up to help overcome shortages of expertise and to
build a world class workforce in Malaysia", explains Simon Walker, Managing Director for Asia, Hydrogen. "It offers return-homers
income tax breaks, tax-free ownership of two Malaysian-made cars,
fast-track residency for foreign spouses and children, and priority
entry to the best schools for children."
This reverse brain drain in Asia is a shift in global professional
migration patterns and raises the question whether those without
local origins will increasingly lose the chance to work in the
region. Simon Walker thinks not,
"Employers across the region will start profiling the type of expat
they want. Those with an advantage will have lived or be currently
living in Asia and understand the
local culture. Ultimately it will be the skills and the local
knowledge which count, so an expat with this experience will be on
a par with a return-homer."
Hydrogen's Global Professionals on the
Move 2013 report, is based on a survey of over
2,000 professionals in 90 countries and is conducted by ESCP
Europe. It looks at the experience, attitudes and priorities of
highly qualified, high earning professionals with regard to working
abroad. Key findings were:
- 83% of respondents who had relocated said it had accelerated
their personal development;
- 77% said it had benefitted their career prospects;
- 72% said it had enhanced their salaries;
- 43% said family would be their main potential barrier to
relocating;
- 12% thought there really were no barriers to relocating at all
(up from 4% last year).
A full copy of the report can be found at
[http://bit.ly/13sgi5N]
Contact details: Jermaine or Rani at Flame PR on
+44(0)203-357-9740/+44(0)7947-541814 or email
hydrogen@flamepr.com
About Hydrogen Group:
Hydrogen is a global specialist recruitment business, placing
exceptional, hard to find candidates in over 70 countries. Our
joined up practices combine international reach with local
expertise and specialist knowledge.
Whilst many recruiters are location focused, Hydrogen believes
the best way to deliver service to its clients and candidates is to
base our offering around these practices, which cover both
Technical & Scientific (Power, Mining, Oil & Gas and Life
Sciences), and Professional Support Services (Business
Transformation, Finance, Legal, Trading & Advisory and
Technology).
