Every country suffers a degree of ‘brain drain’, where highly educated and successful people relocate to another country. There could be many reasons for this; you might be taking up a managerial post abroad, or you have decided to retire in the sun, or the taxation in your home country is very high, and you can acquire a second passport and become a citizen of your chosen nation.

Economic Recession

Australia is going through a tough time economically, and this forces a few business owners to consider relocating to a country with lower tax rates, plus many countries offer attractive benefits to foreign investors. If you are ready to move from Sydney to Dubai, where there are many business opportunities, contact leading Australian international relocation movers and let the professionals handle all your possessions.

Better Opportunities

Let’s say one of the best Aussie software engineers wants to be at the forefront of their sector, the obvious move would be to Silicon Valley in the US; when big opportunities come along, you have to take them.  The top people in every industry are going to be headhunted by global leader companies, and most Aussies would jump at the chance of being at the top of the tree. Attractive salary and benefits are enough to persuade most professional people to emigrate in search of career development. 

High Cost of Living

Another reason top performers are leaving is the rising cost of living, and with inflation also rising, some people react quickly and start looking for a foreign posting. If your savings are running down and you suddenly receive an attractive offer from a foreign corporation, you would probably take it. When you have enough money set aside, you feel secure, but when that is threatened, you naturally look for ways to increase your income. 

Digital Tech Explosion

The top digital developers in Australia are going to be approached by global corporations that want the best, and they can afford it.  Most will offer a very attractive package, with all your expenses paid, a chauffeur-driven car, full family medical insurance, a very high salary and big bonuses when targets are met. Some countries offer tax-free status for foreign professionals, such as Dubai and Saudi Arabia. If you are planning to get married soon, this blog is for you.

Forced Redundancy

Many large companies are being forced to let top people go, which they do by offering selected employees an attractive redundancy package. A key manager in their forties might be considered good redundancy material, and they are still young enough to be placed in another organisation in upper management. Thanks to the Internet, it is easy to find jobs in foreign countries, and a high-flyer would be listed with all the top recruitment agencies. It is no longer unusual for an executive to relocate to the other side of the planet in pursuit of career advancement, and with domestic unrest occurring in some cities, more and more successful people are starting to think about relocating to Europe or the US.

Tax Increases

The Australian government is increasing taxes across the board, and this impacts every class of citizen, and high earners are the hardest hit, which can be the catalyst that motivates them to emigrate. At the end of the day, your salary doesn’t matter; what matters is how much you are left with after all deductions. That can be a lot less than the gross figure, and some are unhappy enough to relocate; no one likes to pay excessive taxes, and things do seem to be getting worse here in Australia.

In Search of a Better Standard of Living

Some professionals carry out online research to accurately estimate the cost of living in other countries, which enables them to source a job in their preferred country. Consultants usually do not have any problems finding suitable work around the world. With a growing family to support and older kids looking to study at university, costs are high, and a move might be the best solution.

As you can see, there are a number of reasons why the best brains in Australia might want to venture further afield. Many developed countries are seeing the same metrics; what is the solution? A stronger economy would discourage many from leaving our shores, but there will always be those who will go where the best opportunities reside.

Government statistics show that the number of key managers and entrepreneurs who are leaving exceeds those who are arriving, which is not a good sign.

Can we afford to lose the best people? Only time will tell!

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