Changing Economy in Spain Leads to Relocation Opportunities

Following a massive retrenchment between 2008 and 2013, Spain lost 9 per cent of its Gross Domestic Product in real terms. Since then, the country has recovered from economic difficulty and is transforming into a global technology centre. But what exactly has caused the massive shift in the economy for Spain?

In 2016, Spanish exports had risen dramatically with many companies selling throughout the European Union and beyond. The country’s Prime Minister, Mariano Rajoy has instituted several reforms designed to help the country recover from its economic crisis. These reforms included reducing redundancy pay from ‘45 days per year worked’ to ‘33 days worked’ and moving wage bargaining to the company level. As a result, the labour market is more flexible than ever.

The financial system has also been addressed by closing underperforming banks that have made excessively risky property loans. In turn, public finances were reformed by cutting the country’s budget deficit.

As for technology, Rajoy has led the expansion of Spain’s fibre-optic network for high-speed data transmission; which now covers 76% of the population, the highest percentage across all of Europe.

Outside of Spain, the global economic recovery has increased demand for Spanish products and services, as well as improved traditional leading sectors in Spain such as tourism and travel.

For international relocation experts like Galleon International Moving Company; Spain’s changing economy and technology-driven agenda sees an increased demand for highly skilled workers. While the country has several leading universities and technology startups; the demand for highly skilled workers is outpacing the number of qualified employees.

Reports have shown that Spain has a number of registered unemployed workers. But the skills gap is wide for positions in this new economy. Job experts have predicted that nearly half of job openings through 2030 will require a high level of skills and qualifications. Therefore, employers in Spain may benefit from relocation programmes designed to attract and retain their new employees with specialised skills and experience.

Are you looking to refresh and re-examine your relocation policy? Why not speak to the team of international relocation experts who can advise you about country-specific employment requirements. We can help your company understand how to design your relocation policy so it supports employees moving overseas and your company’s ability to grow in Spain’s changing economy.

Get in touch with our team on 01708 868 068 for more information about our corporate relocation services.

Moving to Switzerland – Everything You Need to Know

For years, Switzerland has topped the polls for the ‘best place in the world for expats to live’. It comes as a result of many financial; technology and pharmacology sectors choosing to send their highly skilled employees here for relocation. The country’s stable economy; low crime rates and high standards of living are just some of the reasons why Switzerland is so popular with expats.

 

When it comes to your own overseas move to Switzerland; it is vital to understand the important cultural values and customs that you will be introduced to. Otherwise, you and your family may struggle to adapt to the brand-new culture and surroundings.

As an international moving company, Galleon provides a range of corporate relocation services to ensure both the employer and the employee are prepared for moving overseas. For the employee moving abroad, we have an array of international relocation experts who can provide useful cultural information and who can act as a point of contact in their new home.

Take a look at the local knowledge our overseas agents and partners in Switzerland provided us:

 

1. Housing

It may not be known to expats at the time of moving, but Switzerland is a landlord’s market. For example, in the main cities such as Zurich and Geneva, the demand for housing often outweighs the supply. There could be at least 60 applications per flat when you are searching for residential properties.

2. Visas and Work Permits

If you are currently a citizen of an EU country, moving to Switzerland is not like moving within the union. Following the latest immigration changes in 2016, there have been further restrictions put on migration from the EU. For example, the Swiss electorate took part in a referendum vote to re-introduce quotas for foreigners and privilege over Swiss nationals over foreigners in the labour market.

For those outside of the EU, it is important to start the process months in advance since it can take a while for your application to be approved by the Ministry of Labour.

3. Language

When moving to Switzerland from Europe or North America, you may not expect as much as a culture shock. However, there are more differences in Swiss culture that expats will not realise until they are there. For example, for the French-speakers the language will be the same but the culture is different. Unlike in France, people in Switzerland favour punctuality; they go to work early and head home early.

The extent to which you are affected by the culture shock depends on how much you choose to stay in your ‘expat bubble’.

Do you still have some questions about moving to Switzerland? Why not get in touch with the team at Galleon International – international removal company. Get in touch with us on 01708 868 068.