Relocating Employees

Effects of Immigration in Europe

Latest posts by EuCham - European Chamber (see all)

Business Focus: Effects of Immigration in Europe

European Migration Rates
European Migration Rates

Migration has overflowed the political and economic debate over the past decades as the globalization of the job markets expands. However, its benefits, costs, issues and advantages are generally overlooked from a business perspective.

Undoubtedly, immigration has proven to be highly beneficial for businesses and for SMEs (Small and Medium Sized Enterprises). Yet, a lack of governmental intervention on a global and national scale cause the frequent occurrence of some issues, of which illegal immigration is the most severe. It puts businesses at risk and make ethical enterprises be out-competed by unethical organization, which can benefit by hiring illegal immigrants at lower costs thus unfairly providing cheaper services. Other issues include the difficulty to assimilate immigrants into the work culture and language barriers.

When considering a global expansion, countries with high immigration may be preferred due to their favourable conditions such as the provision of language and cultural knowledge that current staff might not possess. Moreover, the diversification of the workforce might foster innovation and protect from anti-discrimination laws.

Furthermore, skilled immigrants represent an under-tapped talent pool of highly flexible, adaptable and loyal workers, ideal for expanding businesses. Unskilled immigration can also be beneficial for the national economy and enterprises, by providing a steady supply of candidates to fill job openings often neglected by native people.

EuCham – European Chamber listed the European countries according to the migration rates, which indicates the difference between immigrants and emigrants of a country in a given year per 1,000 persons, based on data from Central Intelligence Agency (2014). As seen here by these metrics, SMEs could take advantage of the high migration inflows occurring in Cyprus, Luxembourg, Norway which by providing advantageous tax and bureaucratic laws attracting with immigration a stream of inflow capital which can ultimately stimulate the economy.

For a full report click on this link eucham.eu/charts to read more.

Total
0
Shares
Previous Article
Small Business

The Challenges and Rewards of Creating a Startup in East Africa

Next Article
Virtual Business Success

Nurse Turns Entrepreneur with Tottels, Towels for Tots

Related Posts
supply chain
Read More

How to Keep Vendors and Clients Happy During Supply Chain Hiccups

Supply chain breakdowns are happening due to global disruptions, rising costs and increased consumer expectations. Businesses can't always stop supply chain hiccups, but they can learn from them and limit their impact on vendors and clients. How a business responds to a supply chain issue can have far-flung effects. A company that is proactive and...
recruiter
Read More

The Role of a Recruiter and HR in Small Business

You’ve launched your business and it’s humming along. Like most entrepreneurs, you wear plenty of hats, including chief human resources (HR) and recruitment officer. Here’s the problem, though: You can’t handle all your employee-related responsibilities forever. If you do, you could find yourself in trouble. The issue isn’t just that you’re going to spread yourself...
hiring mistakes
Read More

Hiring Mistakes You Could Be Making

Bad hires happen. However, they happen a bit too often. Studies show that nearly three out of four employers admit to hiring the wrong job candidate. Maybe HR was in a rush to fill an important role or you hired someone because you knew the applicant and they seem nice enough. Or, someone didn’t take...
quality employees
Read More

More Money Isn’t the Only Thing That Will Attract Quality Employees

As a business owner, you are constantly battling with how to boost profits and productivity without increasing costs. Commonly, the first adjustment that comes to mind is within your own team. Finding quality staff members is valuable, though these workers often come at a higher price.  Paying your staff more than your competition can certainly...