Microsoft, Ernst & Young, and IBM are some of the top companies hiring the highest number of foreign employees each year. These successful companies certainly have their reasons for bringing in foreign talent. Here are five of the most popular reasons companies continue to follow the trend of hiring foreign workers:
1. Specialized Skills Within an Industry
Foreign talent can bring specialized skills from around the world. That translates well for US companies and corporations. Today foreign workers increasingly include highly skilled individuals with a wide range of educational backgrounds and work experience. By opening up the applicant pool to potential employees worldwide, you are casting a larger net for better and brighter talent.
2. Language Skills
Foreign employees often bring with them a native language, and in most parts of the world, educated foreign employees may be fluent in as many as 3-10 languages! Los Angeles is one of many cities across the United States that sees the convergence of many cultures and languages, and having employees that can communicate with all possible clients and customers boosts business and builds professional connections with the community.
3. Value of Diversity in the Workplace
In 2011, Forbes surveyed 321 large global enterprises with at least $500 million in annual revenue and 85 percent agreed or strongly agreed that diversity is crucial to fostering innovation in the workplace. Innovation can drive a budding company to success and even improves workplace morale for all employees. In addition to fostering innovation, diversity in the workplace can help a company capture more of the consumer market by more effectively marketing to various ethnic and racial backgrounds.
4. Keeping Your Company Competitive Around the World
Depending on the type of business you are starting or operating, the latest and brightest talent and technology may be required to keep you at the top of the heap. Recruiting from around the world can help your company keep that edge on other companies.
5. Helping the Economy, Which Helps Your Business
Engine, a start-up advocacy group, reported that for every job created in the high-tech sector, another 4.3 jobs emerge over time in the local economy. So hiring foreign employees, especially in the high-tech sector, could help create an increase in both the number and variety of jobs in the local economy.
Of course, hiring a foreign employee requires the permission of the United States Government. Be sure to contact Bridge US for all of your foreign employee needs.