Great talent is no longer restricted by borders, and the future of work is global work. Adopting a global hiring mindset offers advantages beyond access to a wider talent pool – it supports business growth in new markets, promotes cultural diversity, and enhances innovation through varied perspectives. By embracing a global hiring approach, companies not only strengthen their workforce but also position themselves as leaders in their respective industries.
In this blog post we outline key opportunities for talent acquisition teams and what to do to mitigate risk.
Redefining Recruitment with a Global Mindset
According to a study by McKinsey, remote work has accelerated the globalization of talent pools, enabling companies to tap into a diverse array of skills and perspectives from around the world. This trend is pretty obvious if you scan online job boards – opportunities are increasingly global and remote. At the height of the COVID-19 pandemic, 82% of businesses surveyed by Gartner were planning to allow employees to work remotely at least part of the time, reflecting a fundamental shift in how work is organized and executed.
Pandemic and 2020 work-from-home mandates aside, the shift toward a global hiring mindset is driven by several factors, including advancements in digital connectivity (it’s easier than ever to connect with colleagues), the rise in the acceptance of remote work, and the desire for diverse perspectives within teams. Organizations are no longer limited by geographic boundaries when sourcing top talent; instead, they’re leveraging technology to access a broader and more diverse pool of candidates.
Benefits of Global Hiring
Cost Savings
Cost savings and lower overhead are significant benefits of implementing global hiring.
- Cost Savings: Hiring globally allows companies to tap into talent in regions with lower labour costs. We’re not advocating to pay people under the market rate, but this strategy can result in significant savings compared to hiring locally, where wages and overhead costs may be higher. Cost savings can also come in the form of reduced overhead expenses.
- Reduced Overhead Expenses: By embracing remote work, companies can minimize expenses associated with maintaining physical office spaces. This includes rent, utilities, office supplies, and other overhead costs. Remote employees often use their own resources, such as internet and equipment, further reducing company expenditures.
Diverse Global Talent
Diversity is a cornerstone of successful global teams. Actively sourcing talent from diverse backgrounds through global hiring strategies not only enriches perspectives within your organization, but also fosters innovation and creativity.
LinkedIn’s Global Talent Trends report highlights that 73% of talent professionals believe that remote recruiting will become the new standard. This shift isn’t just about accessing talent but also about embracing diversity; companies with above-average diversity in their leadership teams reported innovation revenue at rates 19 percentage points higher than those with below-average diversity in management, per a Boston Consulting Group analysis. By adopting a global hiring mindset, companies not only enhance their talent acquisition capabilities but also foster innovation through diverse perspectives, driving competitive advantage in a digitally connected world.
- Access to Diverse Talent: Adopting a global hiring mindset enables access to a diverse talent pool with varied skill sets, experiences, and perspectives. This diversity can foster innovation and creativity within teams, leading to better problem-solving and decision-making processes.
- Enhanced Flexibility: Remote work allows for greater flexibility in staffing. Companies can scale their workforce up or down more easily based on project demands or business cycles without the constraints of physical office space. This agility is crucial in today’s dynamic business environment. It’s what enables us to provide 24/7 customer support.
- Global Market Presence: Hiring globally allows companies to establish a presence in different markets without the need for physical offices in every location. This facilitates market expansion and customer engagement strategies tailored to diverse cultural and regional preferences.
In summary, adopting a global hiring mindset not only expands talent access but also offers companies financial benefits through lower overhead costs and increased operational flexibility. Embracing remote work further amplifies these advantages by promoting efficiency, diversity, and employee satisfaction across the organization.
To address talent shortages and ambitious growth demands, companies are developing global hiring strategies to reach and engage with talent worldwide. Investing in the potential of global talent also means rethinking the norms and expectations for onboarding, managing, and paying these candidates.
Best Practices for Global Hiring
We listed five benefits in the section above, but there are also challenges when it comes to global hiring. Three risks that we can help you mitigate are:
- Application Fraud – ATC’s 2024 State of TA Report found 38% of organizations are experiencing candidate fraud. This is where background screening can help. In this blog post we outline more about How Verifications Stop Application Fraud.
- Due Diligence and Company Safety – For talent teams navigating global hiring, the importance of due diligence can’t be overstated. Conducting thorough background checks isn’t just a best practice but a crucial step in mitigating risks associated with hiring remote employees. Screening ensures compliance with local and international regulations while safeguarding your organization’s reputation and fostering a safe work environment. Through our integrated platform, you can seamlessly conduct checks across multiple jurisdictions, ensuring consistency and accuracy in candidate evaluation. This integration is essential for maintaining efficiency and meeting the demands of a competitive hiring market.
- Compliance with Local Employment Laws – Do you know how much several employees are entitled to in your new markets? What about payroll tax? Barriers like employment visas and permits, contracts, and payroll tax act as obstacles for companies hoping to hire outside of their home countries. However, with a global employment platform like our newest partner, RemotePass, bringing on remote talent located in other countries is an easier, faster, and more compliant process. Their all-in-one HR platform helps HR and finance teams comply with local labour and tax laws.
Certn and RemotePass Partnership – Faster, Easier Global Hiring
“In today’s competitive landscape, efficient hiring processes are crucial for businesses looking to attract top talent worldwide,” stated Mike Nagtzaam, Director of Sales and Partnerships at Certn.” Certn’s integration with RemotePass ensures that companies can conduct thorough background checks swiftly and securely, minimizing delays and operational bottlenecks. Our advanced solutions and instant ID capabilities significantly accelerate the onboarding journey, reducing time-to-hire by up to 80%.” says Mike Nagtzaam, Director of Sales and Partnerships at Certn.
The shift toward a global hiring mindset represents a transformative opportunity for talent teams worldwide.
Certn is pleased to integrate with the RemotePass all-in-one HR solution for global hiring and talent management. Once you’ve found the right global talent, bringing them onboard with Certn and RemotePass is the easy part. Certn handles the background checks and RemotePass handles contracts, compliance, and payroll tax while your team focuses on supporting talent wherever they may be.
Certn’s Online Background Checks
This partnership means RemotePass clients have seamless access to Certn’s online background checks and innovative screening products – all without leaving the platform.
In many industries, there’s a legal requirement to run pre-employment background screening. Embracing technology-driven solutions and adhering to international compliance standards are key to fostering a secure and inclusive workplace environment. Certn’s online background checks streamline onboarding with AI to automate tasks and instant ID verification to avoid delays, helping clients reduce time to hire by up to 80%.
Certn’s mobile-optimized user experience means candidates complete the process faster, decreasing turnaround times by up to 35% and reducing potential candidate loss in a competitive hiring environment. By prioritizing comprehensive background checks facilitated by Certn, organizations can navigate the complexities of global recruitment with confidence and efficiency.
RemotePass’ Game-Changing HR Platform
As companies tap into the global talent pool to fill vacancies more quickly and unlock new ways of thinking, so does the need for knowledge of local laws and tax systems. RemotePass’ all-in-one platform is reshaping how HR and finance teams onboard, pay, and retain remote employees where they don’t have a local legal presence without the hassle. RemotePass clients can hire full-time employees and contractors in over 150 countries.
With this integration, the best part is that clients can do even more without leaving the platform. Everything is at your fingertips. With automated hiring, payroll, and screening compliance, companies of all sizes can simplify global hiring, lower onboarding costs, and improve the user experience for hiring managers and candidates alike. This Certn and RemotePass partnership and integration is another step toward a faster, easier way to hire anyone, anywhere.
Together, RemotePass and Certn empower your organization to thrive in a borderless world of talent.
Learn more about the partnership: Certn and RemotePass Make Onboarding Easier for Global Teams.
