What are the Pro & Cons of Hiring Foreign Remote Workers for Your Small Business
Globalization has introduced large and small businesses to a new employment trend of remote working, and this has not only reduced costs but also increased the flexibility. Statistics reveal that nearly 38% of businesses allow their employees to work remotely. However, there are many drawbacks associated with the benefits of hiring foreign remote workers for small businesses.
Let’s take a look at these benefits and the drawbacks:
Benefits of Hiring Foreign Remote Workers
Save Big £££
Hiring remote workers can help you reduce your yearly expenses, but also, you get to reduce various overhead costs, such as power, electricity, space rents, telecommunications and more.
Moreover, hiring remote workers from developing countries allows you to benefit from lower hourly rates. Furthermore, you also don’t have to pay for employee benefits, which will reduce your taxation bills and employee benefit costs.
Remote employees are happy about putting in all kinds of working hours that cannot be expected from full-time employees, and they have flexible schedules. Besides, since getting paid is their only motivation, they are likely to provide more productivity and efficiency.
Greater Pool of Candidates
When you allow remote workers from all parts of the country and globe to enter your business, you widen your pool of potential candidates and employees which allows you to transcend geographical barriers and pick out the most experienced, qualified and competent candidates, regardless of where they reside.
Drawbacks of Hiring Foreign Remote Workers
Low skill levels
One of the biggest challenge facing developing countries growth is low skill levels. Not only that but a lack of creativity and flare.
Hiring a foreign remote worker who uses your native language as a second language can promote a challenging work relationship so be prepared to face certain difficulties in translating and explaining project instructions and requirements, along with basic business jargon and US slangs.
Even if you face no linguistic barriers while communicating with your remote workers, be prepared to face communication challenges that occur while using internet as the only medium. You will not be able to provide as much clarifications and detail as you could give to your in-person employees. And if the internet availability becomes a challenge on either side, or you fail to explain something using email, video chat or other mediums, it will result in project delays and additional expenses.
High Turnover & Training Expenses
Lastly, it is important to consider that remote workers will not provide the same level of motivation and dedication as your full-time employees, which is why they may choose to terminate their work arrangement with you if they find a better opportunity elsewhere. This can result in a high turnover rate, leaving you with lack of productivity, project delays, training costs and the challenge of hiring and training all over again.
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