UK firms employ nearly 5m abroad - Jelf

clock

The number of employees working for UK parent companies abroad have increased 13% analysis of the most recent ONS figures by Jelf International has revealed.

The number of employees working for UK Foreign Affiliates (UKFA) rose to 4.98m with 1,035,595 of those working within the US, between 2010-12.

The country with the next largest number of people working in UKFAs was India with 338,046 employees.

The third place went to Germany with 280,422, France fourth with 264,772 employees and the fifth largest number of employees in UKFAs were in South Africa with 221,886.

The remainder of the top ten, in order, were:

  • Hong Kong (171,037)
  • China (148,822)
  • Australia (145,436)
  • Brazil (140,748)
  • Canada (136,216

None of the countries with the largest number of employees saw the highest rate of growth of employees in UKFAs.

The highest rate of growth was in Saint Lucia, where the figure of 5,007 employees in UKFAs represented growth of 12,432%.

Neighbouring Barbados saw growth of 3,876% with 1,630 employees in UKFAs, while Guatemala saw growth of 747% bringing its total to 6,637.

The country with the fourth highest increase was Papua New Guinea, with a total of 34,384 employees in UKFAs at a growth rate of 726%.

The remainder of the top 10 for growth, all with less than 10,000 employees in UKFAs were:

  • Macau (646%)
  • Kuwait (546%)
  • Serbia (539%)
  • The Democratic Republic of the Congo (419%)
  • Cameroon (402%)
  • Qatar (397%)

Doug Rice, managing director of Jelf International says: "Most business are set up in countries where the UK currently or previously has had strong ties and where language and culture are similar - so traditionally this is Europe, the Commonwealth and G7 nations.

"One exception to this rule is Brazil but an explanation can be found in the fact that the reporting period was just prior to the World Cup.

"The high growth countries present a completely different picture to the high volume list and show the huge reach of UK companies around the globe.

"Many of these countries are economically developing rather than developed and as such their healthcare infrastructure is not on a par with the UK."

Further Reading: 

Allianz Worldwide Care launches individual IPMI in China

Expatriate Healthcare launches international term assurance

PMI most popular expat benefit-research

Jelf launches non-advised protection portal

More on PMI

Dr Katie Tryon, director of health strategy for Vitality
PMI

Dr Katie Tryon: Why prevention is better than claim

We sat down with Dr Katie Tryon, director of health strategy for Vitality, to hear why prevention is playing such a prominent role within private medical insurance (PMI)

Vitality
clock 25 July 2022 • 5 min read
Kirsten Randerson
PMI

Kirsten's Story: Treating the person, not just the condition

After being diagnosed with cervical cancer, Kirsten was holistically supported before, during and after treatment by her health insurer. She has since been given the all-clear.

Vitality
clock 12 July 2022 • 3 min read
COVER Excellence Awards 2022: Now open for submissions!

COVER Excellence Awards 2022: Now open for submissions!

Championing protection and health insurance for 25 years

John Brazier
clock 11 July 2022 • 2 min read

Highlights

FCA gives three-month Consumer Duty extension for advisers

FCA gives three-month Consumer Duty extension for advisers

Deadline of 31 July 2023

Hemma Visavadia
clock 27 July 2022 • 5 min read
Meet the firm turning professional athletes into protection advisers

Meet the firm turning professional athletes into protection advisers

"You're only ever as good as your last game, but your next game could be your last"

Hemma Visavadia
clock 25 July 2022 • 5 min read
The COVER Review July 2022: Protection & Financial Education, IPAW 2022 and Reviewing 2022 So Far

The COVER Review July 2022: Protection & Financial Education, IPAW 2022 and Reviewing 2022 So Far

Now available for members to watch

John Brazier
clock 20 July 2022 • 1 min read