Businesses with operations across several countries and encourage employees to work in other geographies can benefit from higher loyalty, said Hays recently.
Offering employees to work in other geographies is to give them the opportunity to experience new cultures as well as the chance to further their career through international experience, Hays noted.
“Such opportunities to fulfil their potential will create a greater allegiance to that company,” said Dean Stallard, Managing Director of Hays Hong Kong. “It gives them the chance to up-skill themselves and knowing that their employers are willing to support that will do wonders for their loyalty to that business.”
There are also other benefits of greater mobility, according to Hays, adding organizations like City Football Group, the owners of Manchester city and new York city FC, has adopted this approach to plug skill gaps and give workers the opportunity to expand their experience and skillsets.
Hays believes there are three other benefits of allowing employees greater international mobility.
Talented employees in the right place
Many businesses across the globe are struggling with skill shortages and failing to operate to their full potential as a result, while being able to bring in talent from overseas is an effective short-term solution to the issue, according to Hays.
“Not only can global mobility help organizations that are struggling to fill roles locally, it can also be extremely beneficial to employees too, as it can provide them with a broader range of opportunities. Gaining this valuable experience can also help to accelerate their career,” Stallard noted.
Embracing global mobility can benefit organizations through the exchange of expertise and knowledge between their different regional offices, said Hays.
One example of this from City Football Group is former player, Patrick Vieira, who after finishing his playing career accepted a training and youth development role with Manchester City, following which he was appointed Head Coach of New York City FC, taking a team of staff from Manchester to New York to help him, Hays pointed out.
Tom Glick, Chief Commercial Officer of City Football Group and former President of New York City FC was quoted by Hays as saying that Vieira understands the values which drive the group and the importance of all the group’s clubs having a strong and authentic local identity and relationship with their fans.
While a diverse workforce ensures that business needs are met in each country, diversity also enables creative problem solving.
“People are shaped by their own individual experiences,” said Stallard. “Having a diverse workforce can be a huge creative advantage, as people from different backgrounds will see a problem and find a solution differently to one another.”
In addition, businesses must also ensure the knowledge from more experienced workers is passed on to the more junior colleagues, Hays advised.
“Businesses that are able to tap into a wider workforce can reap the long-term benefits, as it is an effective way to develop talent while improving business capabilities,” said Stallard. “If done properly it can be a win-win situation for all involved.”