The United States has a population of roughly 328 million, representing 4.5 of the planet’s population. America is home to the strongest consumer base, meaning many home-based companies feel comfortable relying exclusively on domestic revenue. If you’re about to launch a startup, or you’re already an established business, you may want to take your operation further and expand overseas. Many companies are already competing on a global scale to boost profits and revenue, which is why it may be the time to go global Workforce.
While there are obstacles you will face, businesses that achieve global expansion can receive tons more opportunities, such as by having access to a global workforce and bringing in new clients. Here are some of the key benefits that you can gain from employing a global workforce.
It’s no secret that the U.S has a major shortage of highly skilled employees in various fields. The STEM industries in particular lack the essential homegrown talent required for companies to flourish. If you’re having difficulty seeking qualified candidates in the United States for positions you need to fill in your business, there are numerous well established routes for hiring a global workforce, such as the H-1B Visa for highly trained professional workers, the O-1 visa for employees with extraordinary ability, and L-1 and B visas for companies who have offices, subsidiaries or partners outside of the country.
The H-1B visa is the most common visa route for highly skilled employees, which is given to professional foreign workers that possess a college or advanced degree. Although the majority of H-1B visas are subject to the H-1B cap lottery, there are exemptions that can be made available for higher education institutions, and non-profit research organizations. There are global mobility solutions that you can check out at the following link: https://nhglobalpartners.com/services/global-mobility/.
They offer global visa services to new hires and business travelers, as well as help with employees’ relocation to new markets. New Horizons Global Partners have a specialist immigration team who can assist in obtaining all the mandatory work and residence permits that foreign workers need for a smooth transfer into your workforce.
Language and Foreign Knowledge
If your goal is to propel your business onto a global scale, you will need employees who speak the language and have sound knowledge of the markets you want to expand into. The best place to start is by hiring candidates from the market who will be able to communicate effectively, understand the cultural nuances and intricacies, and give you a valuable insight into how to conduct your business overseas.
Businesses with a foreign office can use the L-1A and L-1B visa categories for hiring managers, executives, and employees with extensive knowledge in U.S offices. Employees can stay in the U.S for up to seven years with an L-1A visa, whereas an L-1B visa can be used for five years. There is the opportunity for employees to seek permanent resident status or be sponsored throughout their visa stay.
Creativity and Perspectives
When you hire a workforce of employees who all originate from the same background, creativity can be somewhat stifled. Hiring foreign workers brings people into your business who have different viewpoints, especially as they originate from entirely different places. Blending your perspectives and ideas with workers from other parts of the world is the perfect recipe for innovation and creativity which can take your business to new heights.
Business owners who strive for a diverse clientele often find it beneficial to hire candidates from all different backgrounds. You may find that foreign workers use different strategies and techniques on projects and tasks which you can consider implementing into your own code of conduct. We all have different opinions and ideas, so make sure that you take their views into account as you will learn new skills that can boost your business operation. Having a global workforce and promoting diversity can be a great way to improve your business reputation and help you attract overseas clients.
Better Customer Support
Regardless of the type of company you run, your customers’ needs and satisfaction should be put first. Companies who employ a global workforce are able to adapt quickly to changing customer needs. There has been research conducted which reveals an increase of 31% in customer support at businesses that employ diverse employees. Having a team of people from all four corners of the planet will mean that your workforce can use the best techniques to engage with customers who may not speak the same language. This can help foreign consumers build trust in your brand, increase revenue, and help you build your skillset.
Some U.S businesses decide to hire international employees due to necessity, whereas other companies aim to expand or improve their operation. Regardless of the reason, there are many advantages that can be gained by utilizing an international workforce.