{"id":781110,"date":"2024-07-09T08:00:00","date_gmt":"2024-07-09T06:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=781110"},"modified":"2024-07-11T16:34:54","modified_gmt":"2024-07-11T14:34:54","slug":"young-south-africans-calling-it-quits","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/lifestyle\/781110\/young-south-africans-calling-it-quits\/","title":{"rendered":"Young South Africans are calling it quits"},"content":{"rendered":"\n<p>Young South Africans are more willing to emigrate than their global counterparts.<\/p>\n\n\n\n<p>Despite many <a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/780741\/foreigners-are-flocking-to-retire-in-south-africa-heres-why-and-where-theyre-coming-from\/\">foreign nationals choosing South Africa as a retirement destination<\/a>, including those from the UK, China, Germany and the USA, the inverse is also taking place, where young South Africans are looking to leave the country.<\/p>\n\n\n\n<p>Pnet contributed to the recent Decoding Global Talent survey, which showed interesting mobility trends comparing global and regional preferences, views, and expectations regarding working abroad.<\/p>\n\n\n\n<p>Globally, young professionals (up to 30 years old) are the most mobile, with 73% willing to move abroad for work, compared to the average of 63%.<\/p>\n\n\n\n<p>South Africa has a much higher mobility rate than the global average, with 79.5% of South African respondents stating that they&#8217;d be willing to move and work abroad. <\/p>\n\n\n\n<p>This number shoots to 84% when considering young South Africans. <\/p>\n\n\n\n<p>44% of young South African respondents also stated that they are actively looking for work abroad.<\/p>\n\n\n\n<p>&#8220;Naturally, young South Africans are likely to be more adaptable than older professionals and have fewer strings attached,&#8221; said Pnet. <\/p>\n\n\n\n<p>&#8220;At this stage of their lives, they are less likely to have a family to support or home-owner bond and other such expenses to pay.<\/p>\n\n\n\n<p>&#8220;In addition, young South Africans are facing high unemployment rates.&#8221; <\/p>\n\n\n\n<p>Although South Africa&#8217;s official unemployment rate stands at 32.9%, the current youth (15 to 34 years) unemployment rate is far worse at 45.5%<\/p>\n\n\n\n<p>There are 5.9 million young South Africans currently working, compared to 4.9 million.  <\/p>\n\n\n\n<p>&#8220;Combined with the thirst to explore something new, it\u2019s understandable that young South Africans are more open to work opportunities outside the country.&#8221; <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-36.png\"><img loading=\"lazy\" decoding=\"async\" width=\"666\" height=\"555\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-36.png\" alt=\"\" class=\"wp-image-781138\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-36.png 666w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-36-300x250.png 300w\" sizes=\"auto, (max-width: 666px) 100vw, 666px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Pnet<\/figcaption><\/figure><\/div>\n\n\n<p>Young South Africans said that their own career growth was the most important reason for working abroad. <\/p>\n\n\n\n<p>59% of respondents said that &#8220;general career considerations&#8221; would make them consider working abroad. <\/p>\n\n\n\n<p>In addition, 57% of young South Africans said that better educational or training opportunities are a reason to take up a job outside South Africa. <\/p>\n\n\n\n<p>Young South Africans are thus clearly focused on building their career and expertise. <\/p>\n\n\n\n<p>On the other hand, over 60% of South Africans above the age of 30 years selected \u201cFinancial and economic reasons\u201d as well as a \u201cConcrete job offer\u201d as the top reasons to work abroad.<\/p>\n\n\n\n<p>Thus, when looking at the motivating factors of South Africans above the age of 30, it becomes clear that securing a lucrative income is most important to the older generations when pondering leaving South Africa. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-31.png\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"560\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-31.png\" alt=\"\" class=\"wp-image-781112\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-31.png 637w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-31-300x264.png 300w\" sizes=\"auto, (max-width: 637px) 100vw, 637px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Pnet <\/figcaption><\/figure><\/div>\n\n\n<p>Notably, there is no major difference between the youth and South African respondents older than 30 years when asked how long they intend to work abroad<\/p>\n\n\n\n<p>Over 50% of South African respondents said that they&#8217;d consider working abroad over the medium- to long term. <\/p>\n\n\n\n<p>Between 13% and 15% only want to work abroad over the short term (for a maximum of three years.) <\/p>\n\n\n\n<p>&#8220;Comparing the South African youth to the youth globally, there is a slight difference indicating that South Africans are more open to work and move abroad permanently,&#8221; said Pnet.<\/p>\n\n\n\n<p>&#8220;However, 68% of young South Africans do intend to come back to their home country after working abroad.&#8221; <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-33.png\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"425\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-33.png\" alt=\"\" class=\"wp-image-781116\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-33.png 602w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-33-300x212.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Pnet<\/figcaption><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-34.png\"><img loading=\"lazy\" decoding=\"async\" width=\"591\" height=\"234\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-34.png\" alt=\"\" class=\"wp-image-781117\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-34.png 591w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/image-34-300x119.png 300w\" sizes=\"auto, (max-width: 591px) 100vw, 591px\" \/><\/a><figcaption class=\"wp-element-caption\"><br>Source: Pnet<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/wealth\/780750\/the-one-job-sector-paying-r1-million-salaries-in-south-africa\/\">The one job sector paying R1 million salaries in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Young South Africans are more likely than their global counterparts to seek work overseas, with many not intending on coming back. <\/p>\n","protected":false},"author":95,"featured_media":777507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9876],"tags":[26,16912],"class_list":["post-781110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-headline","tag-pnet"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/781110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=781110"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/781110\/revisions"}],"predecessor-version":[{"id":782141,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/781110\/revisions\/782141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/777507"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=781110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=781110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=781110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}