For businesses that have traditionally operated exclusively on a national scale, the idea of hiring overseas can be a daunting proposition. There’s a lot to consider, but hiring an international workforce can also be the next logical move to take your business to the next level.
Here we’ll take a look at 5 reasons to consider hiring internationally.
1. The shift towards remote work
In the wake of the covid-19 pandemic, the shift towards remote working has been monumental. Companies with traditionally local-only staff forces have had to adapt to changes in the job market and now may have the majority of their staff telecommuting,
Where previously a company would have to exclusively source talent from a 15–25-mile radius that could feasibly commute to the office, in the age of zoom meetings and collaborative documents, many companies now have the infrastructure in place to look nationally… But why stop there?
If you have the frameworks in place to have staff working remotely then you’re already 90% of the way to having fantastic overseas employees adding value to your business.
2. Larger candidate pool to fill skill shortages
It’s no secret that there are sectors at the moment with massive skill shortages. Whether your operating in STEM field or other specialised industries, finding the right talent within your budget is increasingly difficult.
There are few universal truths in staffing, but an obvious one is that the larger your candidate pool, the more likely you are to secure the right person for the role. If you increase that pool size from one country to several, your chances of filling that impossible role or finding that perfect person are going to increase tenfold.
3. Foreign connections & expansion opportunities
When you hire internationally, you aren’t just getting the same skills from somebody who happens to be from another region. You could be potentially unlocking all sorts of routes to go down in the future.
Many companies stay operating on a national level because it’s all they know. When you hire international talent it’s a foot in the door if you’re considering expanding into the territory they are from.
Maybe they have important local business connections or could offer insights into gaps in the market. If you stay hiring locally, there’s no telling how much you could be missing out on.
4. Cost
The financial benefits of hiring internationally are no secret; many businesses have been affected by the last 2 years and for some budgets are tighter than ever.
If you have the opportunity to hire overseas for a role in which there is a massive local skill shortage that’s inflating salary expectations, it simply makes business sense to do so.
That said there are also things like compliance and other hidden costs to consider and depending on the territory you are looking at it’s often best to enlist the help of the experts (Like us!) to guide you through evaluating the financial details.
5. Diversity and Creative solutions
Diversity is more than just a buzzword company’s use for good PR. When you hire internationally, you are by design creating a highly diverse workforce that will be compromised of people from a massive range of backgrounds.
This diversity translates to creative solutions that may not be obvious to an exclusively local team. Maybe similar problems have been encountered by businesses in their countries and they can offer insights on effective solutions, or perhaps they can approach problems from different angles due to their training.
The more people you hire from different backgrounds, the more you increase the value added to your business. Don’t get left behind.
EWS – Employer of Record for global expansion
As you can see there are massive advantages to hiring internationally, but without the right guidance the process can be a minefield…. Working with EWS mitigates this and allows you to reap the benefits without incurring added hassle and cost.
We offer comprehensive employer of record services to allow our clients to fully unlock their growth potential, allowing them to hire an international workforce easily – and compliantly.
We handle all the legal side of things and get you up and running quickly ensuring easy market entry if you’re looking to expand overseas, and fast staffing if you’re looking to fill that difficult role remotely.
Lithuania – Employer of Record
Kosovo – Employer of Record
Finland – Employer of Record
Namibia – Employer of Record
Nepal – Employer of Record
Spain – Employer of Record
Latvia – Employer of Record
Ireland – Employer of Record
Cyprus – Employer of Record
Czech Republic – Employer of Record
Italy – Employer of Record
Indonesia – Employer of Record
South Africa – Employer of Record
Tunisia – Employer of Record
Bosnia – Employer of Record
Moldova – Employer of Record
Five Tips For Improving Employee Engagement
Netherlands – Employer of Record
Germany – Employer of Record
France – Employer of Record
Portugal – Employer of Record
Bulgaria – Employer of Record
Austria – Employer of Record
Hungary – Employer of Record
Slovenia – Employer of Record
INCLUSIVITY IN THE TEAM MAKES EVERYONE WIN
Thailand – Employer of Record
Sri Lanka – Employer of Record
The Significance of an Employer of Record
Greece – Employer of Record
Mexico – Employer of Record
4 Reasons to Outsource Your Payroll
Five Recruitment Trends 2023
Malaysia – Employer of Record
Skill-Based Hiring and Benefits
Malta – Employer of Record
How To Practice Inclusive Recruitment
Israel – Employer of Record
Macedonia – Employer of Record
Jordan – Employer of Record
Macau – Employer of Record
Peru – Employer of Record
The Importance of Employer Branding
Bahrain – Employer of Record
South Korea – Employer of Record
Recruiting during a recession
Philippines – Employer of Record
USA – Employer of Record
Japan – Employer of Record
How To Setup A Business in 2023
Norway – Employer of Record
Managing Overseas Projects In 2023
Reason Of Expanding Your Workforce Globally
Croatia – Employer of Record
Colombia – Employer of Record
5 Ways To Speed Up Your Hiring Process
Egypt – Employer of Record
3 Ways To Streamline An Interview Process
Russia – Employer of Record
Saudi Arabia – Employer of Record
Hong Kong – Employer of Record
An Effective Hybrid Work Model
Turkey – Employer of Record
UAE – Employer of Record
Pakistan – Employer of Record
7 Things to Consider Before Accepting a Job
Kazakhstan – Employer of Record
3 Reasons to Encourage Employees to Generate Employer Brand Content
Denmark – Employer of Record
Sweden – Employer of Record
Bangladesh – Employer of Record
Kuwait – Employer of Record
How To Hire In The Age Of Hybrid Working
Australia – Employer of Record
Oman – Employer of Record
Qatar – Employer of Record
Ukraine – Employer of Record
Diversity – A Vital Hiring Strategy
Owning Every Moment of Your Hiring Experience
Serbia – Employer of Record
Maldives – Employer of Record
India – Employer of Record
Argentina – Employer of Record
Uzbekistan – Employer of Record
Belarus – Employer of Record
Brazil – Employer of Record
Chile – Employer of Record
Armenia – Employer of Record
3 Steps To Company Formation In The UK & Abroad
Romania – Employer of Record
Canada – Employer of Record
Morocco – Employer of Record