By Sarah Townsend
Survey shows UAE is preferred emerging economy for career advancement
The UAE is the top emerging markets destination for young professionals looking to further their careers, according to the World Economic Forum (WEF).
The UAE beat other emerging economies such as China, Brazil, South Africa and India in WEF’s Global Shapers Annual Survey 2015.
The think tank surveyed more than 1,000 “millennials” aged between 20 and 30 from 285 cities worldwide.
Respondents were asked which country they would most like to relocate to in order to advance their careers.
Yemi Babington-Ashaye, head of WEF’s Global Shapers Community, said: “The Global Shapers Annual Survey 2015 provides insights into how millennials see the world.
“In addition to the diversity that we observe, the survey also reminds us of those things that millennials value everywhere, such as social and economic equality.
“By choosing the United Arab Emirates as the top emerging-markets destination, millennials are selecting a country that is very serious about professional advancement.”
As well as highlighting their preferred destination, the survey also revealed that income inequality was the single most worrying issue facing young professionals today.
Youth unemployment and ineffective government were the second and third most important issues that need to be tackled to create a happy workforce.
The survey also suggested a generational shift might be under way in the concept of work, WEF said, with respondents seeking the opportunity to make a difference in their society and learn new things as well as straightforward career advancement.
According to the survey, 48 percent of respondents chose ‘career advancement’ as one of their top three employment priorities. However, company culture came a close second (38 percent), followed by training and development opportunities for 32 percent.