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Top 2 ROI-Based Reasons to Look Overseas when Searching for Talents

The way we conduct business has completely changed — you have the internet to thank or blame for it. Even for talent hunt, the internet has also greatly influenced how companies and businesses hire employees.

CNBC reported a study in which 70 percent of business professionals across the globe confirmed that working remotely has become an integral part of their work pattern. And, 50 percent of these professionals said they telecommute three or four times a week.

The ability to hire someone from any part of the world reflects one of the big pictures of internet globalization possibilities. In essence, businesses are no longer limited to hiring workers who reside in their immediate geographic location. By adopting oversea outsourcing, even a start-up business can boost ROI (Returns on Investment).

Take a look at cogent reasons you should consider taking your talent hunt oversea;

 1: Gain Access to Large Pool of More Productive Workers 

It may shock you to know that the workforce in the U.S is not the number one in the world when it comes to productivity, they are just among the top. If you doubt it, check out an analysis that Time magazine provided in 2015 — in the analysis, four countries topped the United States when it comes to the most productive workers. These countries were Luxembourg, Ireland, Norway, and Belgium.

The analysis showed that Luxemburg workers produced approximately $93 GDP per hour, while the United State workers produced approximately $68 GDP per hour. This rings one bell — businesses and corporations can find talented and skillful workers in virtually every country. So, by extending your talent hunt abroad, you would get more work done within the same time duration or even less.

2: You will Experience Greater Beneficial Wage Expectations

Cost of living and prices for consumer goods vary significantly from country to country, so also wage expectations. The typical scenario is that U.S. workers often earn much higher wages than their counterparts in most parts of the world.

For instance, a compilation of software developers’ salaries revealed that an average developer in the United States earns more than $107,000 as salary. On the other hand, developers in Australia and Canada are paid an average of $48,000 as salary.

This is not suggesting that you pay peanut to overseas workers. But, when you offer more competitive remuneration compared to domestic businesses, you will end up earning loyalty for your business, enabling you to easily retain the best oversea talents. You will still achieve cost benefits at the same time.

So, you should not delay in extending your talent search overseas, so that you can boost your returns on investments.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.

One Response to “Top 2 ROI-Based Reasons to Look Overseas when Searching for Talents”

  1. Great speech. Believe in your dreams and your vision. Work on that plan and put massive action into it.

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