The Hindu Business Line : Developing countries preferred for career growth: Survey

The survey said 61 per cent of respondents had been offered an international assignment and among them 83 per cent had moved out of their country of origin for a career opportunity.

Our Bureau

Bangalore, Sept. 12 Executives around the world prefer developing economies over the established global powers such as the US, Europe and Japan for job opportunities in today’s economy.

Sixty-four per cent feel that Brazil, Russia, India and China offer the best career options, compared with 22 per cent who selected the US and just 9 per cent who chose other developed economies such as Western Europe and Japan.

Respondents from more than 70 countries, representing a wide spectrum of industries and functional areas, participated in the most recent Executive Quiz survey conducted by Korn/Ferry Institute, a global voice on a range of talent management and leadership issues.

The survey said 61 per cent of respondents had been offered an international assignment and among them 83 per cent had moved out of their country of origin for a career opportunity. Sixty-three per cent said the current state of the economy would not affect their decision to take an overseas assignment, while 22 per cent said they were more likely to accept an international post if offered during an economic slowdown.

Interestingly, 83 per cent of respondents felt that international assignments have the potential to accelerate career growth. Eighty two per cent said they would commit to an international assignment for a year or longer, with 24 per cent willing to move for more than five years. Only 12 per cent of respondents said they would not take an international position for any length of time.

Respondents felt the largest barrier to accepting an international post is family considerations (62 per cent), followed by language (13 per cent), difficulties in returning to country of origin (eight per cent), security (five per cent), cost (five per cent) and living standards (four per cent).

“Today’s leaders have to be globally aware and understand a variety of international markets, economies and cultures to support their career growth,” said Mr Gary Burnison, Chief Executive Officer of Korn/Ferry International. “The allure of the emerging markets presents significant career opportunities in a time of great change”.

More Stories on : Human Resources | Employment

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Industrial growth touches 5-month high of 7.1% in July

Forex reserves down $6.5 b

‘Gujarat households spend 24% of annual income on health’

Campaign against tobacco usage

IOC’s under-recoveries halve as crude price falls

Spot LNG prices heading for meltdown

End of Olympics brings no cheer to drug makers

Ministry to take up STPI tax sop extension

Raje moots public-pvt partnership in accountancy

‘Minimise power cuts in UP units’

Developing countries preferred for career growth: Survey

Build quality into drugs: US expert

Taxpayers must disclose income derived from foreign source

Railway tourism packages ‘rolling in business’