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What are the motivations fuelling the global millennial migration?

By Vendula Peckova, Telefonica Millennial Leader

Travelling the world today is an increasingly simple process. Within a few clicks you could find yourself staring at a multi-stop ticket spanning several continents all for under a month’s salary. Trips are also tailored depending on your motivation, so whether it’s a gap year, sabbatical or work visa you require, there’s an experience somewhere to match.

For those travelling the world, there’s usually a growing appetite for making a more permanent move abroad and for those willing, there are a growing number of opportunities available. In fact, according to Telefonica’s Global Millenial Survey (GMS) 2014, over 70% of all millennials consider opportunities outside of their own country and in Latin America, this number increases to 80%.

So what are the motivations fuelling this millennial migration? Well, the GMS findings tell us that these vary depending on your country of origin.

Millennials from Latin America, for example, would migrate in pursuit of better job prospects but for those living in North America and Western Europe, they’d focus more on the cultural benefits and gaining a global perspective.

Looking at my own personal experiences, I would have to agree with all of the above. It`s amazing to live and work abroad and a significant by-product of my travels has been my ability in overcoming cultural and language barriers in finding common ground. This type of insight is hard to gain if you’re restricted to just one country or holidaying somewhere for a short period of time.

Studying abroad has also yielded significant benefits as I have been able to adapt my learning styles; a key trait in this ever-connected world.

There is, however, one negative to this increased millennial migration. Roughly 3 in 4 Latin American millennials and more than half of millennials in the US and Western Europe are concerned about their country losing the best and brightest as citizens pursue jobs abroad. And millennials don’t believe their leaders are doing enough to address it. Across geographies, most say that their country is doing too little to retain its home grown talent, but this is most pronounced among Latin American millennials (78%).

In reality, what motivates you in going abroad isn’t what’s important – it’s what you gain from your experiences that will ultimately shape you into becoming a global citizen. The biggest decision you’ll probably have to make is whether or not you’ll ever go back!

For more Millennial insights, visit Survey.Telefonica.com and interact on Twitter via #TefMillennials. You can also follow Telefonica’s Millennial Leaders attending One Young World via #TelefonicaOYW