Global labor market

If you live in a small and/or developing country, you may encounter a limited local labor market along the way to your professional fulfillment. You may simply not find a job!

Local Labor Market Restrictions

1. Low salaries
   Even if you are a highly qualified specialist, there may simply not be someone in the local market who will pay you a decent salary. Example: doctors, scientists.

2. Overproduction of personnel
   The number of lawyers and economists graduating from higher education institutions exceeds the demand of the labor market by dozens of times. 90% of them cannot find a job in their specialty.

3. There is no demand for your profession.
   You can be a smart scientist, but the state no longer finances basic research. At the labor exchange, you are advised to retrain. It is unreasonable to do this when you have vast experience and there are countries in the world where it is in demand.
   When a world-famous physicist leaves his chair here and goes to New York to wash dishes, this is a tragedy. When a world-famous physicist washes dishes here, instead of heading a department in New York, this is an even greater tragedy.

4. Small Career Opportunities
   You are a stockbroker and want to grow as a securities specialist. In the future, you want to lead your own investment fund. In your country, there may be no demand for such specialists at all.

5. Small labor market
   There may be only a couple of companies in the country that are interested in a specialist of your profile and qualifications. If you work for one of them, you may be banned from working for competitors. You just have nowhere else to go.
   As a result of the processes of globalization, as well as the development and reduction in the cost of telecommunication technologies, a global labor market has emerged. It consists of companies that are willing (and able) to hire workers abroad. And workers who want (and can) get a job in a foreign company.

Benefits of the global labor market

1. Salaries are lower than in developed countries, but higher than in developing ones.
   If you are a specialist in demand in the global labor market, then the difference in income in the local and global markets can reach 5-10 times. At the same time, you spend money in your native country, thereby developing its economy.

2. Experience. Improved business processes
   The main thing that gives a job is experience, money and connections. If you are used to taking only money, these are your problems. You can gain valuable experience by working for the world's leading companies. They welcome the trends of globalization, so this may be easier than it sounds. As an employee of the company, you will see all the effective and not very internal business processes. You just have to keep your eyes and ears open.

3. Great Growth Opportunities
   Working for a large international company will help you grow both professionally and build your career. You can get useful connections all over the world, which is very useful: prove yourself to be an excellent specialist and you may be offered to pursue a career with them by several international companies. A talented person only needs an opportunity: how to use it, he will think of it himself.

4. Business trips
   You will often be offered to travel abroad on business trips. Especially if the company has several international branches. Do not neglect this - this is a good opportunity not only to travel, but also to gain new knowledge, skills, and talk to people. Remember that a single point of view has never given a high-quality three-dimensional picture.

5. Opportunity to move to a country you like
   Very often, having proven yourself an excellent specialist, you can get an invitation to move/work in the customer's country. It is very comfortable. You, most likely, have already been there on business trips and imagine where you are going. You have friends and acquaintances there. You immediately get a good job and a team that knows you. Yes, these are almost the best conditions for immigration that I know.

Requirements of the global labor market

1. Your profession must be suitable for this
   Not all professions can be transferred to the global market. But many can. Their list is constantly expanding. They can be listed and listed: telephone support, development, research, design, almost everything related to the Internet and / or computers. If your profession only started 20-30 years ago, there is a very good chance that it will globalize easily.

2. Price and quality
   When a foreign company sees that it can hire a specialist in your country of a better level and cheaper than at home, it is often difficult for it to resist. You have to be either "better and cheaper" or "much cheaper". Just "cheaper" will not suit her, because. the company bears additional risks when it hires specialists remotely.

3. English language
   In the 21st century, English is the international language. If you want to work in the global labor market and enjoy all its benefits, learn an international language. The worse your knowledge of English, the stronger the other two advantages should be. Did everyone laugh from Ravshan and Dzhamshut? Now imagine that you look exactly the same when you do not know English.