New global research from HSBC into the experiences of people relocating abroad has found that for almost a third (29%) of ‘international citizens’, the path to feeling settled, with a real sense of belonging in their new location, is not always straightforward.
The study, which surveyed over 7,000 people who have moved to live, study or work abroad, has real relevance to Jersey, Guernsey and the Isle of Man as internationally dynamic business centres and hubs for international citizens, according to Cameron Senior (pictured), Interim Head of Wealth and Personal Banking at HSBC Channel Islands and Isle of Man.
When it comes to relocating – perhaps far from home – the study suggests that international citizens relocating to the Channel Islands and Isle of Man experience a more accommodating destination than other fellow relocators.
On average international citizens said they took 7.6 months to settle into their new home in the islands compared to the global average of 8.3 months, with over half (51%) of respondents indicating they felt settled in within 6 months. 19% said it took over a year to settle into their island home, compared to the global average of 23%.
The workplace has a key role to play when it comes to relocating to the islands too, with business networking cited as one of the key factors that help international citizens settle (27%), alongside socializing with others (41%). In addition, colleagues at work (28%) and their new employer (25%) were felt to be the most helpful groups of people to support them settling into their new surroundings.
Commenting on the study, Cameron Senior said: “HSBC recognises the barriers people can face as they relocate abroad. Relocating to somewhere new can provide some amazing experiences, but it can also be a challenge and take some time to truly feel a sense of belonging somewhere new.
“As finance and business centres with truly international dynamics, these findings should resonate with people, governments and businesses in Jersey, Guernsey and the Isle of Man, which rely on attracting and keeping globally experienced people. This study provides some fascinating insights into where the islands score well, but also how we could help people feel a greater sense of belonging when moving here.”