A recent study conducted by Totaljobs & The Boston Consulting Group (BCG) which involved almost 400,000 people from 200 different countries, revealed that London is in fact the most desirable city to move to, for work.
Although the UK has fallen, London has retained its position from four years ago when the survey was last conducted which suggests that the European Referendum has not impacted its attractiveness. This is also even though it has been recognised as the most expensive place to live and work world-wide. The capital beats New York, Berlin, Barcelona & Amsterdam as the destination of choice but the UK now sits in fifth place, from second place in 2014.
London has also recently retained its’ top position in the Global Financial Centres Index,which showed the City successfully fighting off competition from New York, Hong Kong and Singapore for the most competitive and attractive business environment. On the flipside it has been recorded that since 2014, the proportion of UK citizens who would be willing to move abroad has soared from 44 per cent (below average) to 62 per cent (above average) which is one of the largest difference from any country world-wide. This could have a negative impact on the future success of businesses who may be struggling to attract and retain top talent with impending skill-shortages.
Mike Booker of totaljobs.com said:
“This report cements London’s reputation as a truly global city.
“Not only does it offer a wealth of job opportunities in a range of industries, but it boasts some of the world’s top cultural attractions, so it’s no surprise that people across the globe want to come and work here.”
Rainer Strack, a BCG senior partner said:
“It’s a world in which the geographic barriers to employment are coming down, including in the minds of some of the most talented and highly educated workers.
“This is opening up significant opportunities for individuals and for the many countries and multinational companies that are facing talent shortages of one sort or another.”
Lobby group London first welcomed the findings, but warned
"We’ll need to work extra hard, business and government together, hand-in-hand with other regions of the UK to secure our future: by getting a fair immigration system that works in place, investing in home-grown skills and immediately unlocking key decisions and investments in infrastructure and housing."
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