The days where you could run a successful business without expanding into foreign markets are long gone. In an increasingly global world, companies have no choice but to launch new markets and develop their activity on an international scale if they don’t want to lag behind their competitors.
With globalization and technological advances, geographic boundaries have literally dissolved, also with regard to talent recruitment. Companies all over the world have long since started to recruit foreign talent, either because they face a severe talent shortage in their home countries or because they realized that tapping into a global talent pool is the only way to find the perfect candidate for an open position.
However, not all businesses consider having a globally distributed team to be a workable solution from the start. Depending on their mindset and the state of their expansion project, companies might still find it difficult to get their head around the idea of having remote employees all over the world.
So, what exactly are the benefits of a global workforce? And are there any downsides to working with a global team? In this blog post, we’ll tell you everything you need to know about the pros and cons of managing a global workforce.
© Lano Software GmbH 2023