Why relocating to Denmark is your next big move

Whether you're a seasoned professional or new to global commerce, this newsletter equips you with the knowledge you need to navigate the complexities of international markets. Leonardo interviews experts from around the globe across several industries, engaging in conversations that uncover their challenges and draw insights to help you become a better international business leader. In today’s edition, we dive into the appeal of relocating to Denmark, a country increasingly recognized as a prime destination for international professionals.

Why relocating to Denmark is your next big move

Denmark is increasingly a prime destination for international professionals seeking new opportunities. The GDP in Denmark is estimated to be $503 billion dollars by the end of 2024 by World Economics - 15% larger than official estimates. The official estimate for Denmark's GDP published by the World Bank was $429 billion at the end of 2023 in purchasing power parity terms. The Danish economy is thriving, particularly in pharmaceuticals and technology. This robust economic landscape is supported by a strong commitment to innovation and sustainability, making Denmark attractive for skilled workers.

Expert insight from a career consultant

Kate Dahl, a respected career consultant for internationals in Denmark, provides valuable insights into the job market. With over nine years as an expat, she specializes in training newcomers to adapt to Danish work culture. Her sales background across various companies gives her a unique perspective on the challenges international professionals face.

Why choose Denmark? Five reasons

1. High standard of living: Denmark ranks among the best countries for quality of life. Despite high taxes, the average salary of about 371,000 Danish kroner allows residents to maintain a comfortable lifestyle, with many having an average net worth exceeding one million kroner.
2. Strong employee benefits: Danish employers offer comprehensive benefits, including 25 days of paid vacation leave and shared parental leave of 52 weeks, promoting family equality.
3. Work-Life balance: The Danish work culture emphasizes a healthy work-life balance, with full-time employees averaging just 32 hours per week, allowing ample time for personal pursuits.
4. Diverse job opportunities: Denmark hosts numerous international companies like Lego and Novo Nordisk, providing lots of job opportunities for those looking to relocate.
5. Pathway to permanent residency: The Danish government has streamlined processes for securing work and residence permits through its Positive List scheme, highlighting professions in demand.

Hiring international professionals in Danish companies offers numerous advantages that enhance workplace dynamics and contribute to business success.

Access to specialized talent

One key benefit of hiring internationals is the ability to recruit specialized individuals. Many possess unique skills that are hard to find locally. The biannual "Positive List" highlights sectors with labor shortages, aiding companies in identifying fields needing international talent. Currently, over 498,000 international workers are employed in Denmark.

Global perspectives and Innovation

International hires bring diverse cultural perspectives that foster innovation within organizations. Those with experience abroad often provide insights into specific markets and enhance communication with global stakeholders, stimulating creativity and supporting continual growth.?

Enhanced brand reputation

Being recognized as an internationally friendly company can significantly improve a brand's image. Organizations that hire international professionals demonstrate inclusivity and openness, attracting clients who value diversity and positioning themselves favorably in the global market.

Copenhagen’s thriving tech ecosystem

Copenhagen is a hub for innovation and entrepreneurship, supported by government initiatives fostering a favorable environment for startups and tech companies. Over the past decade, tax incentives and funding access have nurtured this ecosystem, while institutions like the University of Copenhagen contribute to a skilled workforce through collaboration with local businesses.

Copenhagen's vibrant community promotes collaboration and knowledge sharing through networking events and mentorship opportunities. Practices like workations—combining work with leisure—and team-building events enhance this supportive atmosphere.

Copenhagen’s commitment to sustainability resonates with many professionals in tech and startups. Recognized as one of the world's most livable cities, it encourages community involvement in green projects while fostering a diverse environment that attracts international talent.

Which sectors?

Relocating can be exciting yet challenging. Denmark’s high quality of life, strong economy, and supportive work culture offer numerous opportunities for international professionals across various thriving industries:?

1. Pharmaceuticals and Life Sciences: Novo Nordisk plays a pivotal role in Denmark's economy; and many more contribute to this robust sector.
2. Energy Sector: The gas industry is growing significantly due to recent geopolitical developments.
3. Robotics and AI: Cities like Odense are seeing increased demand for expertise in robotics and artificial intelligence.
4. Transport and Logistics: As a central logistics hub in Europe, Denmark offers many positions in this growing sector.
5. Technology and IT: Despite recent stagnation in tech, opportunities remain for software developers, especially at companies like Lego.
6. Engineering and Manufacturing: Engineering continues to be vital to Denmark's economy.

Culture-clash?

Understanding American management styles is crucial for Americans relocating to Denmark due to significant cultural differences.

Hierarchical Structures vs. Flat Management

In the U.S., management is often hierarchical with clear authority lines; employees report directly to their bosses, which can involve micromanagement. Conversely, Denmark promotes flat hierarchies that encourage independence and problem-solving, fostering trust among employees.

Cultural Adaptation and Trust

Danish management prioritizes equality and respect for individual rights, creating an atmosphere of trust where employees are empowered rather than controlled.

Adapting to the Danish Job Market

Thorough research is essential before moving to Denmark to determine if it’s the right fit. Understanding how to navigate job searches within the Danish cultural framework is crucial since approaches differ significantly from those in the U.S.

If you’ve ever found yourself scratching your head over cultural misunderstandings in the workplace, you’re not alone. The book The Culture Map?by Erin Meyer is a beacon of clarity in the murky waters of cross-cultural communication. Find it on Amazon here.

Whether you're negotiating deals across borders or simply trying to understand your colleagues better, this book will serve as your trusty compass. So if you’re ready to enhance your cultural intelligence and improve your professional relationships, grab a copy of The Culture Map. It’s not just a book; it’s an essential resource for thriving in our interconnected world. By using the Amazon link, you will be contributing to the show.

Realistic Expectations for Job Seeking

Prospective expats should consider practical aspects such as costs involved and realistic timelines for job searches. Denmark's recruitment culture often prioritizes local candidates first—those from the region before considering EU citizens or non-EU applicants—meaning non-EU citizens may face additional challenges. Despite recent layoffs across sectors, Denmark's labor market remains dynamic as companies continually reshuffle roles. Maintaining resilience and adaptability is key for those seeking employment in this competitive landscape.

Looking to deepen your understanding of global markets and enhance your international business skills? Check out The International Business Podcast. Join Leonardo Marra as he interviews industry experts from around the world, sharing valuable insights and strategies to help you navigate the complexities of cross-border commerce.

Whether you’re a seasoned professional or just starting your journey, each episode offers engaging discussions that can elevate your leadership and decision-making.

Related podcast episodes:

#119: Relocating to Denmark as an expat

#107: Expats, intercultural leadership, social wealth

#53: The Expat Summit (Premium subscriber only)