Survey reveals that in today’s competitive business climate, engaging and retaining the best talents is the topmost priority of the corporate world. There is a growing trend amongst companies to hire global talent in order to meet this objective.
Employee hiring is challenging, and more so in a global context given the geographical limitations, cultural differences, and complex and ever-changing labor laws.
Moreover, once hired, the employer must ensure that the relocation of the employee is comfortable and stress-free. Hence global recruitment strategies need to be effective so that crucial positions are adequately and timely filled in.
Following are the seven tips that can help large companies recruit globally in an efficient manner.
EMPLOYER BRANDING
For global hiring, employer branding must be a priority for all companies as most job seekers consider a company’s reputation and branding before applying for a job. Moreover, a strong employer brand brings down the cost of employee turnover drastically.
An organization can communicate its visions, mission, and values to the target audience and help prospective employees collaborate with the organization over their competitors.
For global hiring, developing a global employer brand is very much a necessity to attract talent. Job seekers must be able to access the company’s website easily and discover that it is an attractive place to work. The company must have a strong social media presence through LinkedIn, Twitter, Instagram, and Facebook and provide company reviews from existing employees on its website.
HIRING A GLOBAL PEO/GLOBAL EOR
Hiring professional global manpower sourcing services like an Employer of Record (EOR) or Professional Employer Organization (PEO) can greatly facilitate global hiring and paying employees nearly anywhere in the world, in full compliance with tax and labor laws.
When a business entity in its expansion drive looks for setting up a subsidiary in another jurisdiction, global EOR/PEO Services can be an effective way to hire employees as onboarding of an employee can be done on short notice and then transferred to the subsidiary.
OUTSOURCING A GLOBAL PAYROLL COMPANY
Most global companies find it hugely burdensome to pay staff in other countries in full compliance with local employment and tax laws and especially so when such recruitment drives span over multiple countries having multiple currencies and varied pay rules.
If a global payroll company is outsourced on a monthly settlement basis, the payroll company will shoulder the responsibility of paying all your staff on time and in compliance with all applicable tax and labor laws.
IDENTIFYING TARGET LOCATION
The strategy for global hiring, especially for large companies, needs to be directed to identifying target countries where the likelihood of finding job-specific talent pools is maximum. This will reduce time and money in looking for the most appropriate talents.
Countries which are having significant labor populations with specific skill sets as in the case of Bangladesh, India, and Poland where talented software professionals can be found in plenty. Even long-term employee costs could be put in check as manpower sourcing
from such selective countries may cost lower.
LEVERAGING TECHNOLOGY
Implementing company-wide recruitment software can facilitate the global sourcing of manpower. Today technology may play a decisive role in laying down a company’s global recruitment strategy. Centralized technology for tracking recruitment data across different time zones improves strategic decision-making.
A global system may be deployed to remain compliant with the latest immigration policies and data privacy rules in different countries.
Recruitment utilizing AI is also becoming increasingly popular as it can optimize tedious and repetitive tasks.
An AI scanner can scan resumes and cover letters to highlight the candidates with the most potential. A company can even use AI to assess past job descriptions to create a valuable recruitment database for future use. AI chatbots can help communicate with applicants and schedule interviews.
THE TAKEAWAY
The Covid pandemic has made remote work our new normal and as per the study, this trend will continue in the future, especially in countries with advanced digital infrastructure. This rising trend of remote working has increased the potential of global hiring.
