27/10/2012 - thecareercafe.co.uk
We know that the global recession has led to some extremely high levels of unemployment levels. For example, Spain and Greece are suffering disturbingly high unemployment levels of 25.1% and 25% respectively. Portugal, Ireland and Slovakia are also faring badly with unemployment rates at 15%, 14.8% and 13.3% respectively. But, the unemployment not only affects certain countries, it is also affecting certain age groups more than others, with youth facing the highest levels of unemployment of all age groups. For example in Spain, youth unemployment is at 51.1%, Greece, 51.2% and Ireland, Italy, Portugal Slovakia all have youth unemployment rates of over 30%. It is no wonder that youth and workers of all ages in countries with high levels of unemployment are searching overseas in order to find work. This is Economic Migration, which is not a new thing, and Ireland, being one of the countries suffering high unemployment, is a prime example of this trend. A Financial Times report shows that Ireland is facing its highest levels of emigration for 25 years with a record 87,000 people leaving the country up to April this year. This emigration figure is much more pronounced in the young age group with 182,900 youth having left Ireland since 2008. Anecdotal evidence suggests that many of them are heading to America, Canada, Australia and Britain to find work. But, these are not the only places where people in need of work can go to find work. In fact, according to the Manpower Group Global Talent Shortage Survey 2012 there are many other countries in the world that are actually suffering severe talent shortages and where it might be much easier to find jobs. For example, countries like the UK and Canada, may not be a great destination for economic migration as in the UK only 11% of employer’s are having difficulty filling jobs and in Canada only 25% of employer’s are having difficulty filling jobs. This is way below the global average of 34%. On the other hand places like Argentina where 45% of employer’s are having difficulty filling jobs, and the US and New Zealand where 48% of employers are having difficulty filling jobs may be a better target for economic migration. But, the places which must rank as the most attractive for economic migration, purely in terms of an employability point of view are Brazil, a booming economy, with 71% of employer’s experiencing difficulty hiring and Japan with 81% of employers experiencing difficulty hiring. Now Hiring; Brazil Wants More Foreign Professionals However, I think Brazil deserves further attention. Its warm climate and festival culture are an added bonus to the fact that Brazil is in dire need of foreign workers to continue its economic boom. A Reuters reports suggests that Brazil is looking to relax immigration rules to attract 10 times more foreign professionals, and it also suggests that Brazil needs an additional 20,000 engineers a year to update its obselete infrastructure and to exploit offshore oil reserves. It is also suffering talent shortages in technology operations staff and they gave the example that Google, for instance, had 39 open positions in Brazil as of August this year. In my opinion, Brazil is a great target destination for foreign economic migrants and if I were in a position to travel overseas for work, then Brazil would be my number one destination.
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