Employing workers in multiple countries might have, at one point, been a far-fetched dream for small businesses. But, with evolving technology and new workforce trends, global employment is not only achievable but also advantageous. That’s not to say it doesn’t come with its own challenges, though. Read on to learn the pros and cons of embracing geodiversity — also known as hiring a global workforce.
Geodiversity is more commonly defined as the combination of the materials, processes and features that make up the Earth. However, in the HR world it refers to the act of global employment. Businesses that employ workers across multiple geographic locations are practicing geodiversity, whether they realize it or not. Maintaining a global workforce is a growing employment trend. Although geodiversity was once a luxury typically afforded to large businesses, smaller companies are realizing the possibility — and upsides — of hiring workers globally. Hiring and managing employees across multiple states and countries might seem daunting, but geodiversity has many advantages.
If you only hire employees in one city or state, you’re limited to the job applicants in that area and those who are willing to relocate there. Conversely, hiring globally gives you access to a larger pool of candidates. By overlooking geographic borders, you can connect with highly skilled workers that you may not have otherwise had the opportunity to hire.
To read what Pavel Bahu, Global Head of HR at Trevolution Group, shared with business.com, click here
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