With the ongoing globalization of the job market, companies are realizing that qualified professionals can be found in different regions of the world and not just hired locally. This approach may be new to some companies that are trying to better understand the benefits offered and challenges posed by this type of hiring. In this article, we will explore the main advantages and disadvantages of hiring remote teams and/or professionals to join a company’s staff.
Access to a vast talent pool
One of the main advantages of this type of hiring is the possibility of accessing professionals that may not be available locally or that do not have the proper qualifications for the position. Expanding the geographic scope for hiring allows companies to access a wide variety of professionals with specific qualifications, different cultural experiences, teaching systems and work experience. This diverse pool of professionals lends new perspectives, expertise, innovation and creativity to the organization, in addition to providing access to exactly the expert they are looking for.
According to several recent studies, remote workers have already been shown to have a significant upswing in productivity compared to allocated workers. For example, a study with random assignment of programmers, marketing, and finance staff found that hybrid work, similarly to remote work, reduces attrition by 35% and resulted in 8% more code written.
Lower hiring costs
Hiring remote professionals, especially those from Latin America, allows companies to take advantage of wage differences between countries, providing access to first-rate talent at competitive prices. These cost savings can positively impact the company’s financial results and provide a competitive advantage on the market.
Expansion to the global market
Companies that intend to expand their footprint to international markets have a major advantage when hiring remote professionals from other countries. Professionals with local knowledge and fluent in the local language can help the organizations dive deeper into the cultural nuances and develop specific strategies for each region.
Communication and collaboration
Communication and collaboration within a remote team can be challenging. That’s why companies need to invest in tools to facilitate communication and establish communication channels that are simple and practical. Another important point that may help with this challenge is hiring professionals who are located in similar time zones.
Legal and compliance considerations
Companies need to understand that each country has specific hiring rules and legislation. Acting on your own without understanding how these rules work can be a recipe for major headaches. To ensure safe international hiring, companies usually choose to use staffing companies that have all the necessary knowledge for legal and secure hiring.
While cultural differences can provide benefits to a company, they also require careful management. Some care must be taken during the interview, and as soon as the international professionals are hired, it is important to provide intercultural training and promote an inclusive workplace that helps the company fill any gaps that may arise between members of the same team.
Hiring remote workers presents numerous benefits and challenges for organizations. Having a larger pool of professionals, increased productivity, lower costs, and the possibility for global expansion are attractive advantages. However, this hiring must be done with careful attention to detail to be well taken advantage of. By understanding all the challenges and taking advantage of the benefits, an international remote workforce helps companies promote a successful global operation in today’s interconnected world.
Alstra is a solution that allows experts from different areas to work on strategic projects for renowned companies throughout the world, while helping top companies access agile, flexible and on-demand hiring to continue innovating in the new world of work.