12/02/2006

London confirmed as world career capital

A new report commissioned by Think London, London's foreign direct investment agency, and carried out by Dr Michael Dickmann and Dr Tim Mills of the Cranfield University School of Management, makes cheering reading for anyone charged with reassuring nervous staff about the benefits of relocating to the UK's capital. The report surveyed 348 foreign-born executives drawn from 46 different countries and identifies a new type of Global Professional: one who seeks to add value to their careers, not just by their choice of organisation to work for, but by where they choose to work, too. Nine out of ten foreign-born executives believe that working in London has benefited their career, and, overall, 93% of those surveyed said that positive impact on career is the biggest influence for moving to London in the first place. Nearly 60% of foreign-born executives have been promoted during their time in London, and almost 80% expect further promotion when they leave.

The report also looks at what makes London unique and concludes: "Executives like London's good work/life balance; nearly half say this was a factor in their decision to move to the capital. London's unique ethnic and cultural mix is also greatly valued. Eight out of ten executives say they have developed a greater understanding of different cultures." As Andy Tsao from the USA puts it, "My London experience has opened up new potential opportunities for me - It's given me confidence that I can work in almost any business environment."

For a copy of the report, contact thinklondon@trimediauk.com.

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