Why Do Immigrants Choose to Leave their Home Country to Work?

Fintech

Why Do Immigrants Choose to Leave their Home Country to Work?

By: Sam

Background

According to the 2016 Canadian census, 7,540,830 people (21.9% of the Canadian population) were immigrants. A survey done in 2012 by Gallup discovers nearly 640 million adults would immigrate if they had the chance to. The UN's 2020 World Migration Report announces the global immigration population to be 3.5% of all citizens. This number surpasses all predicted estimates of 2. 6%. This percentage may seem small until we consider them in real numbers- that's 272 million people in the world and nearly two-thirds of them being labour migrants, leaving their home country for a new start.

Factors that causes workers to leave their home country

  • ‘Push’ Factors are the reasons why people leave a place

  • ‘Pull’ Factors are the reasons why people are attracted to new places

Factors Considered when Immigrating

It is categorized into two main concerns:

  • Financial costs involved 

Migrant workers typically pay agent or recruitment fees that range from S$3,000 up to S$15,000 to get a job in Singapore. For some, this sum may be figure too large and may end up liquidating their own assets, potentially at substantial losses just so they can raise funds to move abroad.

In order to immigrate to Canada, the government requires "Proof of funds" for Skilled Immigrants to meet the minimum requirements of the Federal Skilled Worker Program and the Federal Skilled Trades Program. Immigrants would only be exempt if they're applying under the Canadian Experience Class or are authorized to work in Canada and also has a valid job offer. For everyone else, the amount of money you need to support your family depends on the size of your family, ranging from solo at CAD$12,960 to CAD$27,315 for a family of 5. Spouses and any dependant children must be included even if they are already permanent residents or Canadian citizens or even if they're not coming to Canada.

  • Ability to assimilate into host country

Entering a new country means that workers have to adapt to the sudden changes in environment. And it is not just that, immigrants have to set aside with cultural differences, get used to different cuisines, possibly speak a different language and most importantly adapt to working in a completely new environment

Regardless….

It is no doubt that immigration provide immigrants with more growth opportunities and fresh start on life. Here at Instamo, we understand how hard it can be to make a living abroad. We want to make sure money transfers are made easier and smoother for everyone. This is why it is our top priority to help foreign workers ensure that as much of hard - earned money made is able to reach their families back home. At Instamo, we are proud to be one of the fastest, most convenient and economical direct payment application for overseas remittance. 

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