Today’s work environment is more competitive than ever. In addition, the rapid global economic changes and the worldwide increase of educated talent have made it critical for organizations to adopt a global and adopt global talent management solution.
Companies with the strategy and resources to employ a global workforce reap significant benefits from tapping into global talent. These benefits come from hiring the best-in-class individuals and leveraging their diverse experiences. Their knowledge and perspective boost innovative capabilities and overall value derived from their human capital.
Following talent management best practices can only take you so far. Top-performing companies subscribe to a set of principles that are consistent with their strategy and culture.
Emphasize On Employee Experience with Global Talent Management
The best global talent management strategies are employee-centric. But what does ’employee experience’ mean? It includes everything from how you treat employees during interviews to how you onboard them, assign projects, or even how easy it is to navigate your company intranet. But it also has a lot to do with internal mobility — a factor that impacts both employee experience and business performance.
Moving on to global talent management – You’ll always have employees who want more international experience. To be fair to both employees and employers, global talent mobility policies should include clear guidelines on eligibility, timing, and other criteria (such as language skills).
But most of all, it is essential to keep employees informed about mobility opportunities, which can help them build their careers. You should also consider their lifestyles and families and provide interactive resources for transitions.
Did you know that 74% of human resource professionals say their primary challenge is attracting and developing the right talent? At the same time, the best talent is increasingly mobile. Talent sourced remotely can also help organizations leverage global diversity to achieve more significant innovation and performance.
When companies use employee-facing tools to manage global mobility, employees know what’s going on and feel engaged in HR and mobility processes. They also know that their employer cares about them on an individual level.
Your leadership can make the difference between employees staying with your organization for the long term or leaving. Of course, people want to work for organizations that provide them with opportunities. But, alongside, they wanted to be treated with compassion, not just moved around like pawns.
How to leverage technology for employee engagement? – Read More!
How to Leverage technology For Employee Engagement?
Practice Tax and Legal Compliance
Today’s workforce is more distributed than ever, and global compliance has become complex. Organizations must understand how to comply with local labor laws, taxes, and immigration regulations.
Organizations are undergoing a shift in the way they work. Employees are becoming more mobile, and companies are expanding their footprint globally. As a result, maintaining compliance with tax laws, employment laws, and visa requirements are getting more complex as companies grow to new locations.
In addition, compliance issues will become more complex as Covid-19 continues to impact the global workforce.
Unfortunately, there is no magic bullet for solving this problem; however, there are ways to simplify these processes. For example, one way to facilitate compliance is through automation, which allows you to track changes as they happen or alert you when it’s time to fill out a document. While automation cannot always solve all compliance issues, it can ensure that your people access the correct information at the right time and in the right place.
Promote Cultural Embeddedness with Global Talent Management
Bringing your staff from multiple locations and cultures together isn’t easy. But the right technology and strategies can help you embed a positive culture.
Here are a few of the many benefits of emphasizing culture in the workplace
- Increased employee engagement
- Decreased turnover
- Strong brand identity
- Elevated productivity
- Transformational power
- Top performers
- Effective onboarding
- Healthy team environment
Global talent management leaders can take several practical steps to help ensure that talent strategy is aligned with the organization’s culture.
One critical step is to clearly articulate the company’s core values and business principles – along with specific examples of how these values and principles play out in the company’s day-to-day operations.
Determining current value enforcement and defining the changes required will also help identify gaps between desired practice and reality. The idea behind this approach is that cohesiveness among employees will lead to higher performance.
The more integrated employees are with the company’s culture, the less likely they will leave, reducing turnover costs. Employees who share similar values also tend to spend less time interpreting what is expected of them; they internalize their norms and behaviors naturally.
On a final note
To be aligned with organizational objectives, it’s essential to have clear goals when managing talent globally. Then, you can create a flexible framework to adapt to different cultures while also providing consistency across borders.
Here’s How –
- Conduct a thorough global talent review
- Establish strategic global talent plans in each region
- Develop a consistent and standardized compensation and benefits program for all international locations
- Create processes that will help manage mobility (transferring employees)
- Implement a transparent performance management system for all global functions which is consistent with corporate goals
- Leverage executive coaching and training on how to manage in a cross-cultural environment
The best strategies are the ones that are inclusive cultures and offer flexibility to the talent. While the right tools and proper strategies are crucial to successful global talent management, the employees’ needs are the essence.
Looking to kickstrat your global talent hiring? Reach us at +91 72040 12636 or write us at reach@husys.com to connect you to experts!
1 thought on “Top 3 Strategies To Leverage Global Talent Management”
Hi, thanks for sharing this awesome post.