Benefits of an International Recruitment Strategy
As an employer, do you know the benefits and perks of implementing an international recruitment strategy, and hiring an international multicultural team?
Did you know that it can lower costs and improve efficiency to hire international employees? Not only can it save money but it can help generate more business, give you access to a larger talent pool filled with talented and innovative employees and it can increase your employee branding.
Take a look at some of our points that highlight the benefits of hiring international candidates
International Recruitment Can Lead To Lower Costs
The hiring process emphasizes on attracting the most skilled and qualified talent. Shortage or unavailability of candidates for a typical skillset in the local or domestic talent pool often leads to an escalation of costs and time invested in the hiring process. If the scope of search is expanded to the international market, the roles for which domestic skills are in short supply can be filled faster, thus saving your company money, time and effort!
Having access to such a pool of talent with unique skillsets means your company can compete on a global level and tap into experience & resources that may be limited in a local market e.g. most IT based roles in the tech world require the hiring of international talent to fill in demand specialized positions. The quicker you can fill a position the quicker you can generate revenue.
Diversity & Inclusion Among Your Workforce
People with different nationalities bring with them vast knowledge base and critical skills. The add-on that they also bring is perspective diversity. A multicultural team with new perspectives leads to fresh & innovative ideas which increases productivity, creativity and decision making along with innovative ways to solve problems.
A global workforce builds a rich and inclusive work culture, leading to enhanced employee morale and motivation. This generates a positive global reputation of the organization and the quality of the future talent that might be attracted to work for your company. It also shows how management’s support towards embracing workplace diversity promote global inclusion and innovation.
In this era of cut-throat competition, building a strong and diverse workforce can help your company develop a competitive edge to surpass the competitors.
How International Recruitment can Improve Employer Branding
Branding is the process that forms your company’s identity. Employing staff from multiple backgrounds has so many benefits to every company. It creates an open minded workplace where D&I is a priority – this attracts highly skilled and specialized professionals from around the globe. Hiring international employees increases a company’s ability to successfully expand into the global marketplace and it also brings new ideas and creativity to a company which can help you stand out and distinguish yourself from your competitors.
Hiring a multicultural team means your brand will have a much bigger reach in the global market. Customers buy from business’s that value D&I. Stakeholders want to invest in businesses that employ people who bring fresh ideas and are talented people. Multicultural teams create an openminded workplace and an inclusive & equal workspace where everyone can thrive.
A multicultural team will brand your company a diverse and inclusive place to work, giving it a good reputation among international customers and stakeholders.
If your employees are thriving your company will thrive with them.
International Recruitment Leads to a Diverse Multi-lingual Team
Globally minded companies need people that can speak multiple languages if they want to succeed. Communication is essential for growth. Multilingual teams bridge gaps in dialogue in a global market space as they can understand local terminologies.
Having an internal team speaking multiple languages will reduce costs of outsourcing as your team has the ability to assist in proofreading, interpreting and translating materials. Who better to translate or write official documents, update your website or ensure accurate grammar when speaking with stakeholders or customers than your internal employee’s that have an in-depth knowledge and understanding of your product or service.
Investing in a multilingual team contributes towards a high performing team as studies show bilingual people have the ability to switch tasks faster and more easily than monolinguals and they have the ability process information more efficiently
Scalability with Bigger Talent Pools
When you break the region/country limitation you can open up a broader pool of talents that you might have not thought about; international candidates bring a lot of positive skills and knowledge that you may not find close to you.
International candidates is not solely limited to someone coming from a foreigner country, this person can be someone from across the sea but currently living locally, for example according to the 2016 census, there were 535,475 non-Irish national living in Ireland, many of whom are highly educated with specialized skills, unique talents and creative minds and are ready to work, given the opportunity.
International Recruitment Strategies Build Experience & Drives Innovation
Having a team with employees coming from different race, age, gender and work experience can help your company come up with innovative viewpoint and insights that can turn into creative ideas, that could change your company’s industry as they have an expanded market awareness. Forbes published a research article in January 2020 saying that “companies with above average diversity produced a greater proportion of revenue from innovation (45% of total)”
These points are only the tip of the ice-berg on why employing international candidates is of great benefit to every business. Our world is connected globally, so in order to succeed in a very competitive global market, business’ need to be innovative, open minded and be aware of trends and values within society. Diversity and Inclusion is everywhere. Equality is a hot topic. Top talent can be hard to find if you limit your market search. Niche roles with specialized skills are becoming harder to fill and higher in demand. If your company is struggling to fill roles, searching for new, creative and innovative ideas and wants to have greater global market presence, then here is your answer – Hire international candidates and watch your company flourish.
Check out this great article on how to pay your international employees the right way.
TALENT ACQUISITION PARTNERS AVAILABLE
No commission, no fees, no fuss.
15 years’ experience recruiting senior managers for major international consultants and contractors. Barry is one of the founding directors of Propel. Prior to this, Barry worked for 10 years for Randstad, the 2nd largest recruitment organisation in the world. Managing teams across the UK and Ireland & delivering recruitment solutions to major clients. Barry is a graduate in International Business from Trinity College Dublin. He has a Masters in Business Administration (MBA) from the Smurfit School of Business.
“My favourite food is anything with quinoa”