Aussies Leaving London Jobs In Droves

[Bardon]

Aussies leaving London jobs in droves

May 15, 2008

AUSTRALIANS working in London's financial district are returning home in droves, attracted by job opportunities presented by their native country's strong economy, a UK study has found.

Research by financial services recruitment specialists Link Recruitment found the number of Australians seeking so-called "City'' jobs fell 14 per cent in the first four months of 2008 compared to the same period last year.

"In fact, growing numbers of Australians are moving back to Australia and turning to the domestic jobs market for the next stage in their career development,'' the company, which has offices across Australia, New Zealand and Britain, said.

"The latest figures available show more Australians are returning home from the UK each year than any other nationality (around 34,000 annually) - and career opportunities in their homeland represent the principal motivating factor.''

Sixty-five per cent of Australians returning home cited a job offer or the search for employment opportunities as their main reason for moving.

The resilience of the Australian economy through the global financial crisis is the biggest draw.

Link's Jason Cartwright said that historically, large numbers of skilled Australian professionals looked to gain experience in overseas markets such as the UK.

"Now we're seeing a reverse of the trend,'' he said.

"Australians are heading home and looking to benefit from the strength of the Australian economy.

"There is a belief that Australia is a safer bet whilst the credit crunch runs its course.''

While Australia has not been immune to financial problems unfolding worldwide, the fundamental economy remains strong.

Growth has risen for 16 consecutive years and the Australian dollar hit an 11-year high against the British pound this month, meaning Australians' Sterling earnings are now worth less in Australian dollar terms.

Resource-rich Australia is benefiting from strong commodity prices and, with Japan and China its key export partners, is set to gain in the long term from the global shift of economic power from the US to Asia.

Unemployment rates are also at a 33-year low and the job market is buoyant.

But recruiters said it was not all doom and gloom in the British financial job market.

Nabila Sadiq, managing director of London recruitment firm Joslin Rowe Temporaries, said the temporary job market remained strong, with only 0.3 candidates for every vacancy.

"The perception is that jobs in London's financial service industry have dried up,'' Mr Sadiq said.

"In reality, temporary recruitment remains incredibly strong as firms turn to the flexibility of a short-term work force ... the market for temps is probably as strong as 2007 in some areas.''

http://www.theaustralian.news.com.au/story...9-12377,00.html

[right_freds_dead]

Aussies leaving London jobs in droves

im not suprised. i worked at Droves for 2 years and it was awful.

[needingsense]

Aussies leaving London jobs in droves

im not suprised. i worked at Droves for 2 years and it was awful.

nice one.

[council dweller]

I think if I was an Auzzie I'd return and try to 'take up a position ' before their economy also turns sour. Timing is everything. Of course some have houses to sell and are in the same boat as the expat crowd .

[Freelance Mycophagist]

Most Aussies are true to their roots - they work behind bars...

...I'll get my coat.

[Sourman]

Parasites always leave the host as it gets sick!!

[Realistbear]

Aussies leaving London jobs in droves

May 15, 2008

AUSTRALIANS working in London's financial district are returning home in droves, attracted by job opportunities presented by their native country's strong economy, a UK study has found.

Research by financial services recruitment specialists Link Recruitment found the number of Australians seeking so-called "City'' jobs fell 14 per cent in the first four months of 2008 compared to the same period last year.

"In fact, growing numbers of Australians are moving back to Australia and turning to the domestic jobs market for the next stage in their career development,'' the company, which has offices across Australia, New Zealand and Britain, said.

"The latest figures available show more Australians are returning home from the UK each year than any other nationality (around 34,000 annually) - and career opportunities in their homeland represent the principal motivating factor.''

Sixty-five per cent of Australians returning home cited a job offer or the search for employment opportunities as their main reason for moving.

The resilience of the Australian economy through the global financial crisis is the biggest draw.

Link's Jason Cartwright said that historically, large numbers of skilled Australian professionals looked to gain experience in overseas markets such as the UK.

"Now we're seeing a reverse of the trend,'' he said.

"Australians are heading home and looking to benefit from the strength of the Australian economy.

"There is a belief that Australia is a safer bet whilst the credit crunch runs its course.''

While Australia has not been immune to financial problems unfolding worldwide, the fundamental economy remains strong.

Growth has risen for 16 consecutive years and the Australian dollar hit an 11-year high against the British pound this month, meaning Australians' Sterling earnings are now worth less in Australian dollar terms.

Resource-rich Australia is benefiting from strong commodity prices and, with Japan and China its key export partners, is set to gain in the long term from the global shift of economic power from the US to Asia.

Unemployment rates are also at a 33-year low and the job market is buoyant.

But recruiters said it was not all doom and gloom in the British financial job market.

Nabila Sadiq, managing director of London recruitment firm Joslin Rowe Temporaries, said the temporary job market remained strong, with only 0.3 candidates for every vacancy.

"The perception is that jobs in London's financial service industry have dried up,'' Mr Sadiq said.

"In reality, temporary recruitment remains incredibly strong as firms turn to the flexibility of a short-term work force ... the market for temps is probably as strong as 2007 in some areas.''

http://www.theaustralian.news.com.au/story...9-12377,00.html

Sad to see the Aussies go under such circumstances, at least Gordon can offset the loss by importing a few more from Somalia and perhaps a few other countries who have regimes that are not congenial to those expressing a desire to relocate in Britain.

That said, I can see the City losing its status as a top 3 or 4 viable financial center. Too much corruption, too little regulation and too expensive.

[i_godzuki]

Sad to see the Aussies go under such circumstances, at least Gordon can offset the loss by importing a few more from Somalia and perhaps a few other countries who have regimes that are not congenial to those expressing a desire to relocate in Britain.

That said, I can see the City losing its status as a top 3 or 4 viable financial center. Too much corruption, too little regulation and too expensive.

So what you're saying is that white immigrants are okay, but not dark ones even if they're in greater need?

[Johnny Storm]

The immigrants that speak English, intergrate, and bring something positive to our society our welcome. Sorry , which colour was that again?

[i_godzuki]

The immigrants that speak English, intergrate, and bring something positive to our society our welcome. Sorry , which colour was that again?

You mean like all those Brits learning Spanish in Spain or Cantonese in Hong Kong? Besides, what exactly are the positves have Australians brought to British society?

[DementedTuna]

The immigrants that speak English, intergrate, and bring something positive to our society our welcome. Sorry , which colour was that again?

The yellow ones are pretty cool, IMO.

[isg]

You mean like all those Brits learning Spanish in Spain or Cantonese in Hong Kong? Besides, what exactly are the positves have Australians brought to British society?

It's not so much the positives its the lack of negatives.

[i_godzuki]

It's not so much the positives its the lack of negatives.

I don't mean to sounds like a PC fundamentalist or something, or someone calling for open door immigration, it's the double standards towards immigrants irk a bit. White ones that speak English are automatically deemed positive even all they do is work in bars, save money and send it home but dark ones (seemingly all of them) must be from hell holes, and possible terrorists with nothing to offer. Anyhow, it's a housing forum so I'll scurry off and read the Guardian or something.

[expatowner]

what exactly are the positves Australians have brought to British society?

Fosters, VB and the barbie

[ruisort7]

Besides, what exactly are the positves have Australians brought to British society?

I still have fond memories of Harry Kewell making a fool out of Rio Ferdinand at Upton Park one cold, cold February evening. Does that count?

[expatowner]

I still have fond memories of Harry Kewell making a fool out of Rio Ferdinand at Upton Park one cold, cold February evening. Does that count?

yep

[29929BlackTuesday]

I like Australians and will be sad to see so many go but if there're better opportunities back home we should cheer their way.

This with the Poles too - whom I also have a lot of time for.

When will government realise that economic migration is just that - ie economic, and that when economies fail, the migrants go home - duh.

See ya cobbers.

[Paddles]

Besides, what exactly are the positves have Australians brought to British society?

A fairly thriving Aussie Rules league in London?

http://aussierules.co.uk/index.htm

Kylie

Mass-production of affordable quality wine, forcing the French to buck up their ideas and shed some of the snobbishness

[dinker]

Well, if you look at Australia you can see that Australians are perfectly able to construct a prosperous, functional society. If they come to work in the UK they will behave in the same manner and thus benefit us. Every African society, on the other hand, is a toxic wasteland. Take Haiti as an example; approximately 50% of the female population has been raped, would you let such people into your country? The Labour Party obviously will as they are engaged in the construction of a huge dependant, underclass (gerrymandering).

[Tokyo_Expat]

Well, if you look at Australia you can see that Australians are perfectly able to construct a prosperous, functional society. If they come to work in the UK they will behave in the same manner and thus benefit us. Every African society, on the other hand, is a toxic wasteland. Take Haiti as an example; approximately 50% of the female population has been raped, would you let such people into your country? The Labour Party obviously will as they are engaged in the construction of a huge dependant, underclass (gerrymandering).

Claireinspain is gonna be so angry when she sees this...

I'll start a countdown, 10, 9, 8,

[ruisort7]

Every African society, on the other hand, is a toxic wasteland. Take Haiti as an example;

Not to mention Caracas and Poland.

[i_godzuki]

Not to mention Caracas and Poland.

Quite.

Haiti (English pronounced /ˈheɪtiː/; French Haïti pronounced [aiti]; Haitian Creole: Ayiti), officially the Republic of Haiti (République d'Haïti ; Repiblik d Ayiti), is a French and Creole speaking Latin American country located on the Caribbean island of Hispaniola, which it shares with the Dominican Republic, in the Greater Antilles archipelago.

[i_godzuki]

Mass-production of affordable quality wine, forcing the French to buck up their ideas and shed some of the snobbishness

This explains why they all work in bars, I suppose. I didn't realise they had to sell in person.

[ruisort7]

This explains why they all work in bars, I suppose. I didn't realise they had to sell in person.

A passable quip, yes, yes, but there's a hint for you in the first sentence of the OP.

[iburrows]

I still have fond memories of Harry Kewell making a fool out of Rio Ferdinand at Upton Park one cold, cold February evening. Does that count?

Was that the game that he scored and we beat England 1-0?

I remember watching that game and getting so drunk

Ian

Edited July 16, 2008 by iburrows