Hiring global talent is one of the best business decisions that you will ever make when expanding internationally. When in search of talent from the global market, you stand a chance of finding the best people to work with. You also strengthen diversity in your organization which brings forth alternative ideas that will help you grow your business. But, how do you find the right talent in this competitive market arena? Is it even possible? Here is a guide to help you
Outsource staff
There is a big difference in the regional markets in terms of the governing laws, recruitment processes, and culture. Therefore, you need to get to understand the realities in these contexts and form networks with recruiters to know what you have to deal with when it comes to hiring your employees. You also need to understand the hiring processes in the country that you wish to expand to so that you get the best talent available, you comply with all legal requirements, and most importantly so that you do not offend anyone.
Different countries tend to have a certain way of doing things in that when you do not conform to such cultures, you are likely to be thrown out. You also need to make it easy for the right talent to locate you! For instance, you need to ensure that your job description is clear and straightforward to lure in some of the best candidates that the market can offer. With that, there is no doubt that you will find what you need!
One of the most efficient ways to find talent is through global employment outsourcing (GEO). It involves engaging a specialist to help you recruit employees. In this case, the GEO becomes the employer of record (EOR) for the new talent that you get to work for you. Often, this works best for companies that want to expand their operations abroad but do want to go through the laborious legal issues involved in hiring staff directly. When you go through a GEO, it will assume all the compliance and legal duties for you while managing staff payroll, rendering benefits, and overseeing payroll taxes.
The beauty of engaging these services is that you save on time that you would spend trying to be compliant with local laws so that you hire your talent. It is also cost-effective, flexible, and will automatically get you the best talent in the market because they can tap into networks that you do not have access to. Additionally, you get access to lucrative benefit packages for your staff because this entity operates in numerous other countries which gives them access to better economies of scale.
Familiarize with regional markets
There is a big difference in the regional markets in terms of the governing laws, recruitment processes, and culture. Therefore, you need to get to understand the realities in these contexts and form networks with recruiters to know what you have to deal with when it comes to hiring your employees. You also need to understand the hiring processes in the country that you wish to expand to so that you get the best talent available, you comply with all legal requirements, and most importantly so that you do not offend anyone.
Different countries tend to have a certain way of doing things in that when you do not conform to such cultures, you are likely to be thrown out. You also need to make it easy for the right talent to locate you! For instance, you need to ensure that your job description is clear and straightforward to lure in some of the best candidates that the market can offer. With that, there is no doubt that you will find what you need!
Develop an attractive employee value proposition
When trying to break into the new market, you will need to have a solid employee value proposition (EVP) to guide your future talent to understand why they should work for you. When developing an EVP, remember that you have to factor in different personas because people in different regions have different needs and expectations. Simply having a one size fits all EVP that only puts into consideration gender and age will not cut it in the global market. You need to factor in things like financial security that people desire, the career expectations they have, opportunities that you can provide, kinds of risks that people can tolerate, and people’s anticipated achievement. Attracting them with a great EVP is what will get the right talent at your doorstep.
Refine your outreach
In each market, the strategy to reach the right talent will vary greatly. You will find one market where job seekers are accustomed to working with recruitment agencies to find work while others rely on referrals. It is your job to understand these dynamics and tailor your outreach in a manner that appeals to the locals. You also need to figure out what attracts the most talented professionals in the various markets. While in other regions strong personal relationships rule, in some, it is all about bonuses and incentives that you provide. Understand these variations!
Conclusion
Expanding your business and recruiting globally does not have to be a daunting task. With these tips, there is no doubt that you find just what you need to propel your business. You only need to understand the existing market dynamics!
