One of the greatest advantages of the world that we live in is the fact that it’s hyper-connected. As such, you gain access to platforms, resources and talent pool from all over the world. Nonetheless, the availability alone isn’t enough to make your company instant success. What you need is the knowledge to use these tools and determination to stick with trends until they give results. One such concept is one of hiring international workers for your business.
Hiring international workers for your Business is an interesting concept that virtually any employer in the world is interested in but not a lot of them pay it any serious consideration. The issues surrounding the paperwork, logistics, and migration seem like too much work. However, whether or not something is really too much work usually depends on the reward. In other words, what they truly wonder is whether it’s all actually worth it. Well, here are the top five benefits of hiring international workers to help you work this out.
5 Benefits of Hiring International Workers
1. Greater talent pool
The first major advantage of hiring international talent is the fact that you gain access to a much greater talent pool. Just think about it. Try to imagine your perfect job applicant but try to be realistic. This means that you shouldn’t look for a person with a Ph.D. and 10 years of experience in your field to apply for the position that you’re offering. What kind of person are you looking for and how many people fit this profile in your home town, your state, and your country? By opening up to international talent, your talent pool will suddenly start appearing infinitely big.
On the other hand, this situation may be even more extreme. For instance, imagine a scenario where there is not a suitable talent pool in your region, at all. Let’s say that you’re trying to open a laser-tag venue in a country/city that never had one. Where would you find technicians with experience in the field to help you out? Sure, you can find someone with the necessary knowledge but not the experience, which some entrepreneurs believe to be far superior.
Then, there are some international colleges that offer a quality of education that your own country simply can’t boast with (well, at least not in that scholarship range). All in all, what you get is a greater talent pool.
2. Greater diversity
The next major advantage lies in the fact that by hiring international workers, you’re achieving true diversity in the workplace. Now, as we already know, by improving diversity in your workplace. You can increase creativity, productivity, company reputation and provide your staff with a wider range of skills. While it is true that, on paper, every single person is an individual with their own set of skills, traits, and interests. You also need to keep in mind the fact that this is not the kind of diversity that we’re talking about. Provided that you want results, that is.
However, why would you have to go internationally in order to provide your staff with true diversity? You see, when you make a job opening, you’re looking for a type of person that fits a certain profile. Even if two people applying for the same position differ in age, gender, nationality, religion, and race, chances are that, in a sense, they both fit that same profile. They have similar work experience, they have received the same type of education. In fact, if you’re running a company in a small town, chances are that they even grew up in the same suburb. In other words, if you need someone who truly comes from a different background, you might have to go abroad.
3. Better networking
Another major advantage of hiring international workers lies in the fact that you eventually might decide to invade their market. You see, the first step to this is networking and by having a reliable, battle-tested and loyal person from the target country in your employ, you’ll have a significant head start. At that point, you can use them to inquire about the local situation and even have them assist you with the market research. Who knows, if they become competent enough and if they didn’t decide to permanently migrate to your country. You can even name them the head of the branch in their homeland.
Keep in mind, nonetheless, that in order to get there, you need to groom the person in question, from the very start. As soon as you believe that you’ve figured out their potential, you need to start testing and training them. Provided that they’re not already proficient (extremely proficient) in it, they need to enlist in a reputable course to learn English. Sometimes, they will even have to earn a certificate in order to get a visa. Other than this, you need to help them figure out not just the industry but to also groom them for leadership positions.
4. Remote working
Perhaps the most important reason why hiring remote employees is such a great idea is due to the fact that, nowadays, the majority of the business world is migrating to the digital environment. This, coupled with the BYOD concept, has completely revolutionized the modern workspace. It is why more and more companies out there heavily depend on the remote workers. When hiring telecommuters, it’s irrelevant where the person is from or even where they’re at, at the moment. All that matters is that they satisfy your hiring criteria.
Keep in mind, though, that managing an international talent remotely isn’t easy either. First of all, there’s the language and cultural barrier to overcome. Second, there’s the potential time-zone difference to deal with, seeing as how they might not be compatible with your work hours. Fortunately, if you focus on deadlines rather than work hours, this shouldn’t be so relevant, to begin with. Provided that they insist on working from an actual office space, you could even pay for their spot in the local shared office space. Overall, you have many options available.
5. More cost-effective
Now, a lot of people see hiring foreign laborers as a way to underpay your workforce. While this is definitely an advantage in the eyes of an entrepreneur, you need to keep in mind that there’s another, hidden perk somewhere here. You see, if you’re paying a minimum wage, chances are that your local workforce might not invest any effort in their work. Foreigners, on the other hand, especially those coming from countries with a lower purchasing power parity, are bound to try a lot harder.
One more thing worth keeping in mind is the training of employees. When offering a minimum wage, chances are that you won’t be able to attract skilled laborers amongst the local population. Surprisingly, when hiring foreigners, you need to keep in mind that your minimum wage might not be too shabby according to their standards. So, chances are that you might be able to attract some decent talent, regardless of what you’re paying them.
As you can see, there’s so much for you to take into consideration before making an international hire. Just bear in mind the fact that with so many attorneys specializing in migration law out there. . And the opportunity to test your employees online, this idea is getting more and more compelling. Still, this is definitely not a decision to be made lightly. Take your time to do some research and try to figure out where this international talent fits within your own organization.