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The latest research on senior executive talent flows between countries published by international online career service Experteer shows that migration patterns of senior executive talent are very different from the rest of the workforce.
A sample of 20,826 senior executives registered with Experteer, who changed job in 2008/2009, was analysed. 17% of these job changers took up a new position in a different country. This compares to 14% overseas moves among over 12,500 identified job changers in 2007/2008.
International executive talent movement varies widely between countries and nationalities, with the highest propensity to migrate overseas in Eastern European countries (53%) and the lowest in Germany (7%).
Austria, Belgium, the Netherlands, Scandinavia, Spain and the UK all saw at least 20% of recent executive job changers moving to a different country. France, Germany and Italy stand out as having the lowest rates of executive emigration (between 7-11%).
As in 2008, the winner in the 'War for Talent' is once again Switzerland, achieving a net gain in imported executive talent of nearly 30%. The Netherlands and Scandinavian countries also fared very well with net imports of 23% and 17% respectively.
Germany, Spain and the United Kingdom are in the same group of balanced countries for annual emigration and immigration of executives, each registering a net gain in numbers of around 6%.
Switzerland is the most popular destination country for executives from Germany, France and many other countries. More Eastern European and Spanish nationals preferred the UK. Largest numbers of executives taking up positions outside of Europe were from Germany, France and Switzerland.
Generally, movement between neighbouring countries is most prevalent. Common language skills as well as proximity to home countries no doubt influence this pattern of movement.
Executives moving to Germany in the past year were, for the most part, of German nationality.
Business sectors encouraging most international talent movement are consulting (accounting for 14% of international moves), financial services (10%) and information technology (9%).
Automotive skills have been in most demand in Germany and France, while construction and real estate skills sought in Eastern Europe and Austria. Banking and financial services skills were most attracted to Switzerland and the UK, and Life Sciences to Switzerland and the UK. Telecommunications specialists moved mainly to Scandinavia and the UK.
In general, average salaries of international job movers are higher in Germany and Switzerland than in the other monitored countries.
Relative to their sample sizes, Austria, Belgium, Germany and Switzerland account for more of the European talent pool of experienced professionals than other European countries.