How to Leverage the Global Talent Pool?

Shatabdi Mazumdar
May 17, 2023

In today's fast-paced market, the ability to access a global talent pool can prove to be a game-changer for any organization. One effective way to tap into this pool of talent is by hiring remote employees who possess specialized skills that may be hard to find or too expensive to acquire locally.

However, managing remote workers can be challenging, espeically if you are not familiar with the intricacies of this type of work environment. Recruiting and retaining remote workers requires a nuanced approach that accounts for the unique complexities involved in working with a distributed team.

Is your company ready for it?

In this article, we will explore different ways you can effectively engage with remote workers and tap into the vast global talent pool. 

Employer of Record 

Opening a foreign entity may not be the best use of time or money for certain companies. It is frequently easier and more cost-effective to partner with an Employer of Record (EOR) that already has established entities in the countries where they want to hire. Among the many benefits of EORs are the reduced costs and complexity of worldwide employment. Hiring managers must also be aware of the hazards of misclassifying workers or violating labor regulations in foreign nations.

Benefits of hiring an Employer of Record:


Freelancing platforms

By hiring freelancers through freelancers’ marketplace, companies can scale their business and reach new markets. Currently, 34% of the global workforce consists of freelancers, and it is estimated that there will be 14% more freelancing projects over the next six years.

Benefits of Freelancing platforms:


Outsourcing projects to a third party

Outsourcing is another approach companies can consider for specific tasks  to reduce costs and improve efficiencies. Outsourcing might entail utilizing a third-party provider, such as IBM for IT services or FedEx Supply Chain for third-party logistical services.

Companies that choose to outsource rely on the skill of third-party suppliers in performing the outsourced services to reap these benefits. In light of these advantages, organizations often outsource supporting functions within their organizations in order to focus their resources more specifically on their core competencies, thus gaining a competitive advantage in the marketplace.

Broadly there are a few different types based on the distance between the two members of the relationship:

Onshoring: Relocating work or services to a lower-cost location in the company's own country.

Offshoring: Relocating work or services to third-party providers overseas.

Nearshoring: Relocating work or services to people in nearby, often bordering regions and countries.

Pros of outsourcing:

Disadvantages of outsourcing:

The hiring process for remote talents is complicated, but with the right approach and strategy, it cam bring immense benefits to your organizations. Meanwhile, it’s essential for businesses and organizations to be clear about your HR needs and visions before deciding on the best approach. 

Are you looking forremote talents to scale your business? Lynk has made the process extremely straightforward and cost-effective. Schedule a call today to learn more!


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