In today's global economy, businesses face increasing competition and challenges when it comes to finding and retaining top talent. As a result, many businesses are turning to global talent as a solution to help them scale up quickly and efficiently. The benefits of global talent are numerous, from bringing in fresh perspectives and ideas to helping businesses stay ahead of the curve and deliver exceptional value to clients.
A study by McKinsey & Company revealed that companies with diverse workforces are 33% more likely to outperform their peers in terms of profitability. This is because diverse teams bring in a wide range of perspectives, ideas, and experiences, which can lead to better decision-making and problem-solving. The examples of Unilever, Teradata, and The Resource Group demonstrate how global talent can help businesses achieve significant growth.
Unilever, a global consumer goods company, has over 155,000 employees worldwide and a commitment to diversity and inclusion. By building a diverse workforce with employees from over 100 countries, Unilever was able to tap into a wide range of perspectives and ideas, which helped them to develop innovative products and expand into new markets.
Teradata, a leading data analytics company with a global presence, has turned to global talent to build a culture of innovation and problem-solving. By hiring the best talent from around the world, Teradata has been able to stay ahead of the competition and achieve rapid growth.
The Resource Group, a global consulting firm specializing in human resources and benefits administration, has employees in over 80 countries. By embracing global talent, the company was able to scale up quickly and efficiently, expand their services, and enter new markets while maintaining a competitive edge.
Partnering with an experienced Employer of Record (EOR) provider is one way businesses can tap into the benefits of global talent without the need for setting up a legal entity in each country they want to operate in. An EOR provider can help businesses develop an international mindset and unlock new opportunities for growth and scalability. They can also handle HR tasks, leaving businesses to focus on their core competencies.
In conclusion, the benefits of global talent cannot be overstated. Businesses looking to scale up quickly and efficiently should consider embracing global talent to bring in fresh perspectives and ideas, stay ahead of the curve, and deliver exceptional value to clients. Partnering with an EOR provider can help businesses navigate the complexities of hiring and managing global talent, allowing them to focus on their growth and success in today's globalized economy.