Remote work has opened up new opportunities for businesses to hire a global team. An analysis from Upwork, found that a whopping 41.8% of the American workforce continues to work remotely.
With so many employees outside the office, this raises the question whether they even need to be based in the country. Or, as one contributor to the Harvard Business Review put it, does remote work mean “Work from Anywhere”?
Whether hiring remote workers based overseas, launching a startup, or setting up a new business location overseas, hiring an international team often makes sense from a regulatory and economic perspective: Here we set out the key benefits and challenges of hiring a global team, and the best methods for actually recruiting and hiring that team.
1. All growing businesses need to ask the question: Why restrict my business to a local, rather than global, team?
2. A global team supplies overseas market knowledge and experience, provides a larger talent pool, has compliance and tax benefits, and can make human resource management more efficient and cost-effective.
3. There are a variety of mechanisms available for a business that seek to hire a global team. These include subsidiaries, branches, mergers and acquisitions and global PEO. The correct tool will depend on the precise needs of your business.
4. Recruiting a global team means positioning your business with the right global brand, using multiple outreach channels, coming up with ‘candidate personas’ and utilizing employee referrals.
5. All businesses considering an international team need to consider the challenges (as well as the benefits) of doing so. Some of these challenges are best resolved by using an international hiring partner.
Hire your global team fast with Horizons EOR services.
What Is a Global Team and What Are the Benefits of Hiring One?
Put simply, a global team is a workforce spread across multiple international locations and timezones. A global team can include local employees, but goes beyond that.
There are a range of benefits that apply to hiring globally, rather than simply locally. These include:
What is the Best Way of Hiring a Global Team?
When considering how to hire a global team, there are a several different ways of going about it:
What Is the Best Way of Recruiting a Global Team?
When recruiting an international team, a business needs to consider the ideal methods and strategies for attracting the best employees. It is recommended that a business consider the following:
What Are the Challenges of Hiring Global Teams?
Whichever option you choose to hire a global team containing foreign employees, there are a range of challenges when hiring globally. Challenges include:
Some business find that these challenges are best managed by using an international hiring and recruitment partner, such as a global PEO, to administer international operations.
Hire Global Teams through Horizons
Horizons can hire your global team for you, anywhere in the world. Whether you are hiring remote customer support, IT staff, or sales, we have you covered.
Horizons takes the pain out of international hire by onboarding your new team, and by managing payroll, taxes and employment contracts on your behalf.
With Horizons, you can hire your global team at speed, and at a fraction of the usual cost of hiring overseas.
Jump on a no-obligation call with one of our specialists to find out how it works.
Frequently asked questions
There are many different options for hiring globally including:
- setting up a subsidiary/legal entity
- setting up a branch office
- mergers and acquisitions
- hiring international contractors/freelancers
- using a global Professional Employer Organization (global PEO)
A global team is the situation where a workforce is located over multiple international locations (and usually in multiple time zones).
They are usually employees of a broader corporate group. However, they may also include contractors/freelancers or employees of subsidiaries or affiliates.
A global team poses special challenges for a company that needs to ensure everyone is on the same page. The best tools for training an international team include:
- Using the appropriate remote work/collaboration tools;
- Ensuring that junior staff have the relevant mentorship;
- Using local partners to ensure that employees receive the necessary training for the location where they are based in.