Australian local businesses don’t value returning expat skills. “Forgotten army” of expats in Asia vital to capitalising on corporate growth. More and more Australians are rushing to do stints in Asia but local businesses don’t value their skills when they return. A new report by PricewaterhouseCoopers has found the share of Australian expatriates living in Asia will rise to one in three by 2030 – up from just one in five now. This means there will be 450,000 Australians living and working in Asia, according to the survey, one of the largest of its kind. But PwC also says that Australian companies are not interested in using their skills and less than 2 per cent of senior executives and 4 per cent of directors of ASX 200 companies have any Asian background or experience.
“Forgotten army” of expats in Asia vital to capitalising on corporate growth
The report found Australian governments and business do not know how to do business in Asia and suggests the corporate sector must demand Asia literacy as a core skill and articulate the case for greater involvement in Asia. Read full article here:“Forgotten army” of expats in Asia vital to capitalising on corporate growth. It’s very hard to get placed back in Australia because people just don’t appreciate those learned skills around in Asia.