Businesses will occasionally look overseas when it comes to employment opportunities. It could be for them opening a new facility, or looking for the chance to hire new employees.
Reasons To Employ From Overseas
One of the main reasons that a business will look overseas for their work, in both sending out employees and bringing them in, is that they will need a specialist set of skills for an important job.
This could be in a temporary way to fill a job position that won’t be around forever, or it could be seasonally related. Oftentimes, unskilled or low-skilled vacancies will arrive due to labour shortages within the market, offering the chance for overseas opportunities. The cost of hiring may also be a consideration.
Offer Work-Related Benefits
To convince people to work for your business in your country, may take a lot more effort than you think. Whilst the main pulling point may be opportunity and salary based, it still may not be enough to convince them to pack up and move.
Employees who are moving to a new country might expect support while adjusting to their new life. This might include healthcare and life insurance coverage, to ensure that if something goes wrong, they and their loved ones are safe.
You may want to consider taking out a group life insurance policy for those employees you hire overseas too. Not only will this cover them if the worst was to happen, but it also gives their family the financial backing knowing they will be supported through what would be a very difficult time. In most cases, group life insurance policies will be able to be taken out on employees who are working abroad, as well as being on holiday.
For you to find the best policies to represent your business and your employees, you will need to compare group life insurance with a provider such as Drewberry. This will allow you to compare policies from leading suppliers of group insurance, with prompt and efficient service. You can then find the policy that offers you the best coverage for your team.
What You Need To Know About Intra-Company Transfers
For employees who are looking to move from one area of your business to another overseas, they will have to apply for an intra-company transfer. Those who apply will need to meet certain skill and salary thresholds to qualify.
For workers transferring to the UK, they will need to be sponsored as an intra-company transfer by a Home Office licensed sponsor. There are many criteria that your employee needs to meet, including minimum wages and a set contract length, so make sure that you are aware of what they need and can offer them this. Work with the employee to ensure that you are both compliant with relevant regulations when they’re transferring from one part of your organisation to another.
Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.