Portfolio News

HR Dive: Is it time to look to foreign workers to fill the skills gap?



Hiring foreign workers can be a lengthy and expensive process, but the payoff can be significant.

HR Dive

By Riia O’Donnell

The skills gap and low unemployment rates are putting the squeeze on businesses trying to maintain head count. Workflow has been disrupted and morale is taking a hit. In this challenging market, some enterprises are looking abroad for talent, and for more than just to fill in the gaps. For many, it’s becoming critical to have a global view when it comes to hiring. The challenge is more than just sourcing and acquiring talent, however: it’s making sure all compliance and regulatory measures are met, too.

Are foreign nationals the right solution? They can be, if employers are willing to put in the time (and expense) associated with hiring such workers. If you’ve never navigated the visa and permits landscape but believe hiring from abroad could be a viable solution, outsourcing may be a good bet. Still, employers are ultimately responsible for their own compliance, so it’s important to have a firm grasp on the basics.

Variety of visas

Employers may be familiar with the H-1B visa process and its lengthy and often difficult procedures. But there are actually a variety of options available, according to Richard Burke, CEO of Envoy Global.

“The first step in sourcing foreign talent is making sure you understand what the process will mean in terms of time, money, and expertise,” Burke said an email to HR Dive. Even before you start to weigh options, your job description should include a host of information, including whether the company is willing to offer immigration benefits, such as green cards, visas or relocation expenses.”

Burke shared Envoy’s own overview, “The ABCs of Immigration,” which details the types of visas offered and the conditions for which each is likely to be used. Depending on the nature of the work and the specialization of the candidate, related benefits might be necessary to attract talent.

“Hiring a skilled foreign national is a complex and ever changing process.” Burke said. “So partnering with a knowledgeable immigration expert, attorney or company to help you stay on top of deadlines, changing laws and compliance, is key.” If you do keep the process in-house, it may be wise to have a single employee dedicated to managing the paperwork, timelines, reminders and alerts for each employee hired.

“Make sure your security standards are up to par since you’ll be handling and storing personal information, especially in the age of GDPR,” Burke added. Employers also should keeping abreast of the political climate and government updates around immigration and hiring, he said.

Compliance issues

Even in-house operations may occasionally need to look to outside resources for assistance. Platforms that guide you through the maze of paperwork and requirements can be invaluable.

“Ensuring the correct procedures are followed, and the right data is captured helps to drive compliance,” Frans Smolders, senior director of HCM solution management at SAP SuccessFactors, said in an email to HR Dive. “This helps prevent people from following incorrect procedures and provides central insight and the ability to audit processes when needed.”

Read more…

 

Catalyst News

Catalyst to exit WeddingWire investment

“In 2011, WeddingWire was our first Fund III investment and since the beginning, we benefitted from a great partnership with the Company’s management team,” said Ryan McNally, partner and co-founder of Catalyst Investors. “In the seven years that we have worked together, WeddingWire increased its revenues tenfold, expanded beyond the U.S. into 15 countries around the world, and grew to 950 employees. None of this would have happened without an exceptional management team. We wish them well as they continue to grow the business.”

READ MORE >
Go back to Main News Page