With the advancement of technology, the boundaries between the countries are blurring for businesses. More and more businesses are venturing into international markets and opening offices/branches in other countries. If you also plan to do the same, you should consider hiring international employees. Here we have highlighted how hiring international employees can be good for business.
1.
Access to Innovative
Resources
When you hire internationally, you get
access to a much larger talent pool to hire an extremely innovative and
productive workforce. Companies that hire people in multiple nations don’t just
get access to innovative resources who understand the business practices of
their country, they are also more adaptive. You can also access a bilingual
workforce, which can be a huge asset.
2.
Better Global Brand
Another advantage of hiring international
employees is that you can have a reputation as a global brand. You don’t get
new customers’ attention as a stronger brand; you also catch the attention of
potential employees who want to work at a diverse workplace and are conscious about employer branding.
3.
Different Perspectives
Hiring internationally is also a good thing
perspective-wise. When your employees from another nation offer a fresh
perspective of doing things- often citing real-life examples, your company and
you can learn new things or new ways of getting this done. Also, diverse
employees do a better job of connecting with a diverse client base!
4.
Cultural Exchange
Hiring employees from different cultures,
regions, and religions adds diversity to a business. It helps it easily expand
the business into new regions by understanding the mindset of the targeted
customers. Big brands like Google also believe in it as 35% of its global
workforce is Asian.
5.
Avoid Legal Troubles
If you have employees in another country –
where you have opened a branch- they will help you avoid legal troubles by
ensuring compliance with corporate law, taxation laws, employee welfare laws,
etc.
6.
Less Costly
Business owners who want to expand in
developing nations like India can save costs per employee. The costs of hiring
and retaining an employee in India are far less than hiring and retaining an
employee in the US and Canada.
7.
Flexible Hiring Options
Most international workers, especially
those in developing nations, would be happy to be hired as a freelance resource
or contractual. When you do that, you will be able to save costs related to
benefits like 401k or even insurance, as you are not required by law to offer
those benefits.
8.
Specialized Resources
Hiring international employees also allows
you to access people with specialized skills. For instance, you can hire people
who specialize in a certain technology (like cloud, AI, etc.) and make business
operations smoother
9.
Around the Clock Productivity
When you hire international employees in a
different time zone, you can ensure around-the-clock productivity for your
business. The employees can work during your nighttime and resolve customer
queries or follow-up the new contracts. Customers from different locations will surely like this advantage.
Sources:
https://www.globalexpansion.com/blog/what-are-the-benefits-of-hiring-international-employees
https://www.skuad.io/blog/benefits-of-hiring-a-global-workforce
https://learn.g2.com/hiring-international-employees