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Bermuda drops off top places to live in HSBC expat survey

Moving base: Bermuda dropped off HSBC's Expat Explorer Survey last year due to a lack of participants

Bermuda was cut from HSBC’s global Expat Explorer Survey for last year, which lists the top places to live as an expat, due to a lack of participants.Bermuda was ranked fourth in the 2010 survey, tied with along with United Arab Emirates and Singapore.“We needed at least 30 respondents to make it statistically significant,” said a PR spokesperson for the survey in an interview with The Royal Gazette.The survey is commissioned by HSBC Expat, an offshore financial services provider, focused on expatriate workers. Local branches of HSBC, such as HSBC Bermuda, do not participate in the running of the survey.This is the fourth year of the Expat Explorer survey, which is the largest global expat survey of its kind. Bermuda’s lack of the 30 requisite respondents meant it only made the list one time over those four years.This year, HSBC surveyed 3,385 expats from 100 countries who answered questions relating to their quality of life, salary and benefits and the experience of raising children abroad. Only 31 countries made the cut due to participant requirement.“As the largest global survey of expats, Expat Explorer allows us to capture invaluable insights into expat life and how it differs from country to country, continent to continent and from an expats’ home country of origin,” says Lisa Wood, head of marketing for HSBC in an interview with Forbes. “We want to be a business that truly understands its customers so that we can ensure our products and services meet their needs effectively.”Thus far, the survey has generated a lot of buzz for the countries that participate.“We always receive great feedback from expats,” said the survey spokesperson. “It helps provide a lot of information for when and where they decide their next posting will be.”The survey is administered by a UK-based research firm and according to HSBC, they will be starting to recruit participants for the 2012 survey within the next few months via their Twitter feed, blog and website.In 2010, the survey showed that Bermuda had the third highest salary for expatriates and 60 percent of expats in Bermuda thought their work/life balance and their working environment was better here than in their home country.To learn more about the survey visit: www.expatexplorer.hsbc.com