Repatriated talent who have worked or studied abroad have returned to be closer to their families. However, their satisfaction levels in their current roles leaves much to be desired, according to recruitment experts Hays.
These are few of the key findings in the 2019 Hays Overseas Returnee Report, which highlights overseas returnee recruiting trends based on responses from both candidates and employers residing in the five Hays Asia operating markets in Mainland China, Hong Kong, Japan, Malaysia, and Singapore.
In the survey directed at overseas returnees based in Japan, Hays uncovers the motivations of talent for having repatriated. A clear majority (52 per cent) cite ‘being closer to their family’ as the primary reason for moving back to their country/ region of origin. Second to that are the ‘opportunity to progress and develop their career’ (26 per cent) and ‘better job opportunities’ (26 per cent).
Hays also asked candidates who have studied or worked overseas, “What is the level of satisfaction for your current position?” to which 29 per cent of Japanese overseas returnees say they are ‘not at all satisfied’. In addition, a quarter (26 per cent) of them are ‘slightly satisfied’ and another quarter (26 per cent) are ‘moderately satisfied’.
Commenting on this, Richard Eardley, Managing Director at Hays Japan says, “There is much room for improvement when it comes to satisfaction levels of overseas returnees in the workforce. They are more likely to gravitate more towards employers who have relevant HR policies in place which provide desired non-monetary perks such as flexible working hours or health and wellbeing benefits.”
“Individualised retention plans should also be in place while keeping in mind the different needs and motivations between overseas returnees and local employees. After all, top on their list of reasons to return to their country or region of origin is to progress in their careers. When managing overseas returnee employees, line managers are therefore urged to be particularly conscious and transparent during appraisals and have open discussions about the career development and performance assessment.”
Across Asia
Most overseas returnee talent across the region (58 per cent) cite being closer to family as the main motivation for repatriating to their place of origin. Respondents in Hong Kong lead the way with 73 per cent citing this reason. By contrast, only 45 per cent of Singaporeans say so.
Other reasons for returning include, ‘the culture and lifestyle in their home country/region’ (voted by 32 per cent) and ‘opportunity to progress and develop my career’ (voted by 34 per cent). The least likely motivation is ‘to start their own business’ (voted by 12 per cent).
When it comes to satisfaction levels in their current role, overseas returnee talent are generally only ‘moderately satisfied’, with three in ten (30 per cent) saying so. In addition, close to one in five (18 per cent) say they are ‘not at all satisfied’ and 14 per cent say they are ‘slightly satisfied’. Japan had the most respondents who say they are ‘not at all satisfied’ (26 per cent) and ‘slightly satisfied’ (29 per cent), while Mainland China had the least saying so (11 per cent and three per cent respectively).
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About Hays
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2018 the Group employed 11,700 staff operating from 262 offices in 34 markets across 20 specialisms. For the year ended 30 June 2018:
– the Group reported net fees of £1.072 billion and operating profit (pre-exceptional items) of £243.4 million;
– the Group placed around 77,000 candidates into permanent jobs and around 244,000 people into temporary assignments;
– 19% of Group net fees were generated in Australia & New Zealand, 26% in Germany, 24% in United Kingdom & Ireland and 31% in Rest of World (RoW);
– the temporary placement business represented 58% of net fees and the permanent placement business represented 42% of net fees;
– Hays operates in the following countries/regions: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Mainland China, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA