Whether they have international offices, clients or vendors, in one way or another, virtually every organization is impacted by ubiquitous globalization. When it comes to the talent needed to meet fierce competition, it’s critical for many organizations to consider ways to diversify and expand their talent pools. This paper examines the supply-demand gap for qualified talent, especially in developed regions, and the need to consider expanding to developing regions.
It offers the benefits of doing so, including cost optimization, increased diversity, hedging geopolitical risks, and improving employee engagement.
The paper also gives tangible advice for expanding a global talent force, including creating a solid, inclusive Employee Value Proposition (EVP), designing tailored comp and benefits programs, creating talent development and succession programs, and incorporating AI to maximize results.