When hiring in a country where wages and other employment-related spending are significantly lower than where your company’s headquarters are located, it’s a good investment to offer employees a generous salary and benefits package to show them you value their work.
For many companies, hiring abroad is also an opportunity to reduce workforce costs and gain a competitive advantage. Companies can save up to 70% cost of workforce management.
If there is a crisis in one region, only a part of your workforce will be affected - instead of your entire team.
If your business is expanding or has a customer base in another country, hiring a workforce from the local region is better. This will provide better customer support by utilizing the cultural and language skills of the local employees.
The most important benefit of a global workforce is that it gives you access to a much bigger talent pool. Why limit yourself to hiring the best candidate in your local area if you can tap into a worldwide talent pool which allows you to find the perfect candidate for any open position.
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