Brett O'Riley, NZ ICT, Promoting the Broadband Experience in New Zealand
A Future in New Zealand: Less NZ Expats Want to Return
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Transcript of A Future in New Zealand: Less NZ Expats Want to Return
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Dec12
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GLOBAL COMMUNITY IN THE UNITED KINGDOM
Global Career Link (Global) is an
international talent community
To date our primary objective has
been to help Australasian
professionals find work in the
United Kingdom through our
Jobseeker Marketing program
Over the past 12 years, we have
helped more than 20,000 people
Global has built a community of
8,272 expat Australasians and
more than 100 UK recruitment
consultancies
4,933 60%
1,208 14% 750
9% 664 8%
717 9%
Year of Arrival in the United Kingdom
Pre 2008 2008 2009 2010 2011
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GLOBAL COMMUNITY IN THE UNITED KINGDOM
The reach of our community has
grown to stretch across a broad
cross-section of UK industry
In spite of all the doom and gloom
in the United Kingdom and
Europe, demand for their skills has
continued to increase over the
past four years
At the end of 2011, demand levels
remained 13% above the long
term average
While there is ongoing demand
for their skills, their desire to
return home remains strong
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Finance, Accounting &
Banking
Human Resources
Marketing & Comms
Law
47% 55%
14% 17%
11%
13%
20%
4%
13% 4%
22%
38%
Banking Finance Energy & utilities FMCG
Government Health Media & comms
Non-for-profit Other Pharmaceuticals
Professional services
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WANT TO COME BACK
What is abundantly clear is
most of our expat community
would like to return home
While the pull of being closer to
family and friends is strong, it is
going to take more than a lower
paying job to get many of them
back
The number of NZ expats
wanting to return has fallen
from 90% to 83% over the past
couple of years
83.0% 17.0%
Would you consider returning or relocating to New Zealand?
Yes No
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WOULD INVEST
64.4%
6.7%
28.9%
Would you invest any of your foreign capital in New Zealand?
Yes No Maybe
Like the desire to live in New
Zealand, investment interests are
also strong
Two thirds of our community would
invest in New Zealand, while
another quarter would consider it
It is worth noting that more than a
quarter of the value of their foreign
assets are held in cash
With a significant portion of
foreign assets providing
negligible returns, why is more
not invested in New Zealand?
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WANT TO BUY PROPERTY
0%
10%
20%
30%
40%
50%
60%
70% 62%
28%
33%
9%
60%
13%
36%
3%
Given that the desire to live in New
Zealand is strong, it should come as
no surprise that interest in buying
residential property is also strong
Many of our community have
started to accumulate a reasonable
overseas asset-base in anticipation
of buying a property on returning on
home
The cumulative value of overseas
assets held by our community is
starting to become substantial
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VALUE OF OVERSEAS ASSETS
Returning expats offer more than
just an injection of talent and a
global perspective
For those of our community that
have been in the UK for more than
one year, we estimate average net
foreign assets per individual to
equate to nzd$165,475
Our expat community are more
than just jobseekers, they are
economic migrants that would
add value to New Zealand in
many ways
$109.7 $59.8
$93.6 $87.9
$155.1
$23.0
$37.3 $37.3
$43.1
$50.3
$35.9 $14.4
$14.4
$215.4
$14.4
$258.5
$-
$100.0
$200.0
$300.0
$400.0
$500.0
$600.0
$700.0
Cash Foreign property
Foreign pensions
Shares & bonds
Agg
rega
te V
alu
e n
zd$
m
> $1m
$500k - $999k
$250k - $499k
$100k - $249k
< $100k
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NZ JOB MARKET ENGAGEMENT
83%
85%
80%
77%
52%
GLOBAL EXPATS WANT TO LIVE IN NEW ZEALAND
Would like to know about available jobs in New Zealand
Would like contact with potential employers before arriving
Would like contact with local recruiters before arriving
KNOW LITTLE OR NOTHING ABOUT WHICH BUSINESSES ARE HIRING
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Information contained in this presentation is extracted from the following research conducted by Global Career Link: Global Surveys • A Future in New Zealand, Oct 12 447 respondents •Job sourcing – 2011, Jul 11 442 respondents • A Future in New Zealand, Apr 11 417 respondents • Intentions Survey, Dec 10 332 respondents Global Research • 2010 Placements 639 placements by Global partners in 2010 • UK Demand Monitor, Dec 11 3,055 jobseeker put forward for UK interviews in 2011
Global Career Link retains proprietary rights to all research material quoted in this presentation. For
permission to use/reproduce, or for further information, please contact: Bernie Kelly [email protected] Managing Director Ph: 64 4 499-3282 Global Career Link Mb: 64 274 525-054
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