The New Normal: Why Hiring Global Talent is the Future.

By For Employers, For Talent

 

Remote work has changed how we work, allowing companies to hire Talent from
around the world and create more diverse teams.

As experienced in Global Recruiting and  Outsourcing, we’ve seen how hiring
internationally can benefit businesses, and this trend is clearly here to stay.

The Catalyst: The Pandemic

When COVID-19 hit in early 2020, businesses everywhere had to quickly switch to
remote work.
This shift sped up the use of digital tools, showing that many jobs can be done just
as well from home as in the office.

According to a Gartner survey, 88% of organizations encouraged or required their
employees to work from home during the pandemic.

This proved that remote work is viable, setting the stage for a new way of working.

The Drivers of Continued Growth

There are many reasons why remote work continues to grow:

  • Inflation:

    As inflation continues to affect economies globally, companies are seeking
    cost-effective ways to maintain productivity and competitiveness.
    Remote work can reduce operational costs significantly.
    For example, a Global Workplace Analytics study found that employers can save
    over $11,000 per employee annually by allowing them to work remotely.

 

  • Oversaturation of the Market:

     

    The technology industry, in particular, has seen rapid growth and oversaturation.
    According to the U.S. Bureau of Labor Statistics, the tech industry is projected to
    grow by 11% from 2019 to 2029, much faster than the average for all occupations.
    This has led businesses to explore new markets and tap into Global Talent
    to stay competitive and innovate.

 

  • Lack of Diversity:

    Hiring Internationally addresses the critical need for diversity in the workplace.
    A McKinsey report found that companies in the top quartile for ethnic and
    cultural diversity are 36% more likely to outperform on profitability.
    Diverse perspectives drive innovation and better decision-making.

 

  • The Need for Skills:

    The demand for specialized skills is growing, and often, the best Talent for a
    particular role may not be found locally.
    A LinkedIn report showed that 75% of Talent professionals agree that hiring
    globally is essential for acquiring the best skills and expertise.

 

  • The Need for Fresh Ideas:

    Global teams bring fresh ideas and unique approaches to problem-solving.
    According to a Harvard Business Review study, diverse teams are 45% more likely
    to report growth in market share and 70% more likely to capture a new market.

 

  • The Need to Cut on Budget:

    In an overwhelmed market where competition is fierce, businesses need
    to optimize their budgets.
    Hiring internationally can provide cost savings on salaries, benefits, and office space.
    Additionally, employing International Freelancers or contractors can offer significant
    tax savings, as their costs can often be written off, improving the overall
    tax situation for the company.

 

  • Real Estate Costs:

    With real estate prices at an all-time high, companies are seeking to cut back
    on office space to reduce overhead.
    Remote work enables this shift, allowing businesses to downsize or
    eliminate physical offices entirely.

 

  • Work on Different Time Zones:

    Leveraging different time zones means that work can continue around the clock,
    increasing productivity and ensuring faster turnaround times for projects
    and customer support.
    A study byPGi found that 78% of remote workers reported increased productivity
    due to more flexible work schedules.

 

  • Expanding Globally:

    For companies looking to expand their global footprint, hiring internationally provides
    valuable insights into local markets.
    This can help tailor products and services to different regions, making global expansion
    more effective.
    A Deloitte survey found that 67% of executives believe that their organizations
    need to increase the number of International assignments to remain competitive.

 

  • Communication and Language Needs:

    Effective communication is crucial in a globalized world. As countries become increasingly
    multicultural, the demand for bilingual Talent is growing.
    According to the New American Economy, the demand for bilingual workers more than
    doubled from 2010 to 2015, and tripled since then.
    Bilingual employees can bridge language barriers, enhancing customer service and brand
    security by ensuring clear communication with diverse client bases.

 

Industries and Positions Hiring International Talent

Certain industries are at the forefront of hiring International Talent.
The technology sector leads the way, with roles in software development, IT support,
and data analysis being the most sought after.

Other industries embracing Global Talent include marketing, customer service, finance,
and healthcare, with positions such as digital marketers, virtual assistants, financial analysts,
and telehealth professionals in high demand.

Predictions for Remote Work

Looking ahead, advancements in artificial intelligence and automation will further revolutionize
remote work by enhancing productivity and streamlining workflows.
The global market will continue to evolve, with remote work becoming a standard practice across
various industries.

Gartner predicts that by 2024, remote workers will represent 30% of all employees worldwide.

AI and technology are pivotal in this transformation, providing solutions for communication
and virtual collaboration.
Tools like Slack, Microsoft Teams, and Zoom have become indispensable,while AI-driven platforms
such as Asana and Trello are optimizing project management and team coordination.

Additionally, the rise of AI means there is a growing need for professionals who understand and
can effectively utilize these technologies, making access to Global Talent even more critical.

 

Conclusion

The new normal of hiring internationally not only meets the current demands of businesses
but also positions them for future success.

The benefits of a diverse, skilled, and cost-effective global workforce are too significant to ignore.
With the added advantages of tax savings, continuous productivity, and access to a broader
Talent pool, International hiring is a strategic move for any forward-thinking company.

It’s time for businesses to embrace the opportunities presented by a Global Talent pool and start
exploring International hiring strategies today.

By doing so, companies can future-proof their operations, drive innovation,
and achieve sustainable growth in an increasingly competitive market. ​

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