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I. Challenges of the Overseas Career Korea, Spain, Ireland, Kenya, Brazil, Germany… With rapid globalization of the world’s economies, it’s quite possible that one day you may pursue a career overseas. How would you go about finding a job in another country? What kinds of jobs are there? What are the pros and cons of working overseas? This lesson continues with the theme of earning an income . As an American, there are a variety of ways you can earn a living overseas. You can work for an American company in its foreign office. You can work for a foreign company in its home office or in the foreign company’s
Fin Lit Trivia Fin Lit Trivia Fin Lit Trivia
G.E. = Gone Expat? General Electric is one of America’s oldest companies. More than half of it’s workforce is now based outside of the U.S.
overseas office, such as working for a German company in its Lisbon office. You can also freelance. Let’s explore some of the challenges of working abroad and some strategies for improving your ability to qualify as a global employee . Challenges. The prospect of pursuing a career overseas is enticing for many people. By living and working in a foreign country, you can experience its culture more deeply than as a tourist. But before you pack your bags and run off to exotic lands, there are some challenges to consider: Work Visas. Getting a job in and relocating to another country can be pretty complicated and time consuming. This is because every country has its own laws, practices and procedures that apply to foreigners moving there to seek work. Most countries require job seekers to apply for and obtain work visas before entering the country. Requirements can vary from country to country, month to month, and according to the job seeker’s nationality. Some countries have very liberal policies, whereas other countries refuse employment rights to foreigners in the interest of protecting their own citizens’ jobs. Others will issue a work visa only if the employee has already secured a job with a company. In that case, the government will require proof of the offer of employment before issuing a work visa. Some countries will issue a work visa within weeks. Others take months. Skilled Worker Visas. Each year the immigration departments of individual countries identify shortage occupations . Those are the type of worker skills that are in demand and needed to fill labor shortages within the country . If the job seeker proves that they are qualified as a skilled worker , many countries will issue a work visa allowing them to enter the country for a period of time to look for a job. Skills range from trade skills, such as electricians, construction workers, or crane operators, to highly skilled workers such as rocket scientists and brain surgeons. For example, as of 2016, New Zealand needs forestry experts and nurses. Sweden needs aircraft technicians, surveyors, and dental assistants, among other professions. Hong Kong needs workers with social media and sales skills. If you are interested in exploring shortage occupations, search “Shortage occupations in [name of country].” EU and Canada. Finding a job within the European Union (EU) is particularly difficult for a non-citizen. 22 European Union (E.U.) countries, plus Norway, Iceland, Switzerland, and Lichtenstein form the Schengen Zone where E.U. citizens have priority over non-citizens in almost all matters of employment . Canada has a similar restriction. In those countries, any company that hires a non-citizen must file a labor market certification confirming that the position was advertised and an earnest effort was made to fill the position PRODUCT PREVIEW
THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY 101
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