Feeling homesick? That doesn’t seem to be a problem for millennials, as new research from mobile current account Monese has found that 81% of the generation would relocate up to 4,000 miles in the pursuit of work, saying sayonara to an office in the UK and taking up post in North America.
Embracing the digital nomad culture and breaking free from the traditional 9-5 office routine, it appears young Brits are keen to broaden their horizons. 85% deliberate developing transferable skills to enable them to work anywhere, any time and it is the emerging digital industries that are peaking their interest the most. Providing their desired flexibility when it comes to work, almost two fifths (37%) are interested in working in virtual reality and cyber security, whilst 31% would like to work with augmented reality and cloud technology.
The independence and ambition of this generation is evident, as it’s not sun, sea and sand that attracts them to a working life abroad, but the opportunity to embrace an active career move that can enhance their job prospects. Over a third (38%) wanted to experience a different approach to business and 36% think moving abroad provides them the opportunity to challenge themselves out of their comfort zone.
Furthermore, it seems by the age of 25 modern Brits are already feeling their office-based career has reached a dead end, as 32% consider moving abroad a chance to restart their careers and 71% are aiming high, with the goal of working for themselves in the next five years.
However, over three quarters of millennials (77%) are put off moving to a different continent by the hassle of life admin involved, such as obtaining a visa/ work permit and opening a local bank account. Although, for 77% of the generation, removing country borders is just one step in their bid to transform the traditional working life.
Norris Koppel, CEO and Founder of Monese says,
“What the research shows is a real need and want for freedom amongst young Brits. With modern day advances in technology, there is no longer a need for working life to involve being present in one place, town, or even country. Young people want to be able to travel, see the world and live independently of geographical restraints, whilst still developing as a professional and offering their brilliant expertise to businesses across the world. The ‘digital nomad’ generation is very much the future for business. Companies would be well advised to be as embracing and hospitable as possible to attract the best talent!”
Providing the opportunity for more freedom of movement, over a third (37%) of millennials think by banishing borders we will see increased work opportunities, increased diversity (33%) and create a more culturally aware workforce (36%).
With Monese, users are able to open a full UK current account and Euro IBAN account in under two minutes, with one form of ID and a selfie without the need for a credit score check.