Discuss the problems expatriates face, the statistics you saw on the current world of expatriates in the HSBC.

Business & Finance homework help| Business & Finance homework help

Culture adjustment is an issue expatriates often face. The process of adapting to a foreign culture is difficult. It’s often hard to find friends and feel at home. Learning a language and understanding the local culture can be time-consuming, which may cause isolation in some expats.

According to HSBC’s survey, 39% reported that they had no funds aside for expenses related to their overseas move. A third of the respondents didn’t know what tax was due in each country, which could lead to them underpaying or getting hit with unanticipated penalties.

Another problem expatriates face when moving abroad is finding jobs. This difficulty may stem from lack of familiarity with local job searching processes as well as language barriers which could prevent potential employers from seeing an individual’s full potential. Being abroad can be a difficult transition for anyone. These are all factors that must be considered before moving.

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