At the same time growing business confidence means expanding organisations may struggle to access the talent they need to grow their organisation in new international markets. The latest Hays Journal explains how creating international career paths can help resolve these two challenges.
Barney Ely, Director at Hays Human Resources explains: “Organisations that are concerned about retaining talent, while at the same time struggling to recruit in international markets will be missing out on new opportunities if they do not encourage greater global mobility within their organisation.”
International experience is attractive to many ambitious professionals, and facilitating these moves can help develop the next generation of international leaders. Organisations should develop international career paths and emphasise these opportunities during recruitment to attract employees willing to take on new assignments and support the organisation in new markets, often at short notice.
Barney Ely continues, “If employees are hungry for international experience and you are in a position to offer this, you will benefit from a more experienced and engaged workforce able to lead a global organisation. This is particularly true for the next generation of leaders; according to our own research 40% of Gen Y employees are interested in working abroad.
An internationally mobile workforce can transfer knowledge within the organisation, helping accelerate development in new markets. For global organisations an understanding of international markets should be a pre-requisite for leaders, and creating paths for these leaders means organisations are less likely to lose talent to rivals.”
To read the Hays Journal visit www.hays-journal.com
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Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2013 the Group employed 7,979 staff operating from 240 offices in 33 countries across 20 specialisms. For the year ended 30 June 2013:
- the Group reported net fees of £719 million and operating profit (pre-exceptional items) of £125.5 million;
- the Group placed around 53,000 candidates into permanent jobs and around 182,000 people into temporary assignments;
- 29% of Group net fees were generated in Asia Pacific, 40% in Continental Europe & RoW (CERoW) and 31% in the United Kingdom & Ireland;
- the temporary placement business represented 59% of net fees and the permanent placement business represented 41% of net fees;
- Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA