The globalization of businesses comes along with various challenges such as international employee recruitment. Fundamentally, globalization refers to the open flow of information, goods, and technology among consumers and countries. Furthermore, it is the process through which businesses develop international influence or start their operations on an international scale. Moreover, globalization impacts businesses in various ways. Companies that do not embrace globalization stand losing a competitive advantage that may allow other businesses to take over the new opportunities in the international marketplace.
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THE CHALLENGES OF GLOBALIZATION OF BUSINESSES
Globalization of businesses increases the cost that a company incurs on tariffs and exports. Moreover, the costs can be more expensive depending on the market. Additionally, the company needs to manage employee immigration. The laws of immigration keep changing often. Therefore, it makes it difficult for the company to secure visas for employees from foreign nations. Furthermore, a common challenge of globalization is international employee recruitment. International recruitment creates unknowns to the human resource teams. These include the market demands for salaries and the benefits of making competitive offers. Moreover, venturing into the international marketplace leads to the loss of cultural identity.
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THE BENEFITS OF INTERNATIONAL EMPLOYEE RECRUITMENT
International employee recruitment enables a business to acquire employees with essential talents and skills. Resultantly, this helps to achieve competitiveness in the international marketplace. Furthermore, international employees create a more diverse workplace that positively impacts the operations of the business. In the process of globalization of businesses, extending job offers to international workers may enable a company to venture into new markets in other countries. Additionally, international workers help businesses to align themselves with the culture of different regions. They also increase the problem-solving capabilities of a company. People from different backgrounds have different solutions which may help to overcome certain obstacles.
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