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Even though the rate of employment continues to rise, the global talent shortage still worsens as one-third of various companies report difficulty in hiring employees for certain roles, as well as employers reporting challenges in recruitment.
The problem here is not with the shortage of candidates but the need for more candidates who are appropriately qualified for specific job positions.
One way companies and organizations do to overcome this incessant problem is to hire talents from abroad to work locally for the business or within their respective home markets.
For this reason, HR professionals and recruiters are encouraged to hone a new set of skills that will help them tap into international talents that will be valuable to their own companies.
The EB1 Work Visa
Talents who can demonstrate extraordinary ability can be granted the EB1 work visa, which is a US immigrant visa that is under the employment-based visa category.
This visa is also a first-preference type that caters to overseas nationals who possess great skills and abilities, such as outstanding researchers or professors, multinational managers or executives.
Here, employees should demonstrate either sustained international or national acclaim in their respective fields, whether it be athletics, the arts, sciences, business, or education.
Besides this, the EB1 Work visa is also recognized as a Green Card, which offers permanent residency to those that hold it. In simple terms, those who have an EB1 visa can stay in the United States indefinitely under the green card status.
You also have the option to apply for US citizenship after five years of continuous residence as a holder of a green card. The visa is especially desirable for many prospective immigrants since the acceptance duration is notably shorter than other routes for entry, some taking years.
Tips on Hiring Overseas Talents
The existence of remote work and digitalization has allowed many businesses to gain access to high-quality remote employees, some of which come at significantly lower costs.
Although the legal aspects of international recruitment or hiring can be manageable for many businesses, the challenging part is usually sourcing the right talent.
For this reason, here are some tips to follow in terms of hiring international talent for your company.
1. Concentrate efforts on certain regions that tick all your boxes.
It’s important to remember that different regions cultivate varying talent pools depending on their educational systems, governments, and economies.
The first step to securing the right worker for your business is to identify the skills that your company requires, then target the foreign markets with abundant job candidates who possess these specific skills.
You can start by listing all the desirable skills your company is looking for in prospective employees that will help them perform their best in a certain job. After this, you can simply do a google search to pinpoint emerging markets and skill trends.
2. Begin your search with international job boards, social networks or search engines.
Online platforms are a great help when hiring global talent since they make it easy to advertise open job positions while also identifying potential job seekers worldwide. Some of these sites include Indeed, Glassdoor, RemoteOk, Craigslist, and more.
Remember that to acquire global talent, you should first have a strong job description. Logistical details are often key to attracting skilled workers. Make sure to include certain details such as time zone or travel requirements and a description of your company culture and policies.
3. Make calculations of locally competitive salaries.
Branching out your talent pools to include international hires typically requires a basic understanding of local economies so you can offer the right candidate with competitive financial compensation.
When you take into account a different nation’s labour laws, you’ll have to ensure that you can afford the employee wage, including the benefits package that comes with it.
For instance, if a certain country has recently made amends to its labour regulations, such as a statute that employers should reimburse remote work expenses like internet bills and higher electricity, you must be able to offer them an equally competitive wage and see to it that you possess enough capital to reimburse necessary work expenses.
4. Develop and implement effective training systems to lessen bias during the hiring process.
One great thing about hiring international talents is that you have an unbridled opportunity to diversify your own workplace.
Statistics taken from McKinsey even show that companies that operate on a diverse workforce tend to outperform non-diverse competitors by at least 35%, which is great for your business.
Besides this, reducing bias in the recruitment process will also improve your company’s work quality, generating more revenue than usual.
