Jennifer McGuire
by Jennifer McGuire
Jennifer McGuire is Partnerships Director at Globalizations Partners. With a Psychology Degree from Newcastle University, Jennifer loves to create meaningful relationships that create mutual commercial benefit. Jennifer has a real passion for helping people and connecting problems to solutions. Contact Jennifer.
The fourth annual Globalization Partners’ CFO survey reveals that the large majority of financial executives across the world are keen to grow globally. In fact, 83 percent report long-term plans that involve expansion into new countries. This optimism comes despite challenges due to wage inflation, supply chain disruption, talent shortages, and other recent global events.
The success of flexible work arrangements introduced during the Covid-19 pandemic has influenced this bullishness. The ability to source talent across borders has also complemented corporate growth.
Global hiring benefits outweigh hesitationWith the uncertainty caused by inflation pressures and a potential recession, a hesitancy among financial chiefs would be understandable, yet just 10 percent have stalled completely on their expansion plans. The clear benefits of global hiring have influenced this bullishness. For example, it lends itself to engaging workers from diverse backgrounds, which CFOs believe benefits their bottom line. This explains why 80 percent of financial leaders are interested in tapping into a cost-effective, international talent pool equipped with appropriate skills.
Flexible work arrangements facilitate global growthWhile sourcing and retaining local talent remains highly competitive, prospects brighten when building global remote teams. Some 92 percent of CFOs say offering a remote work policy helps attract and retain employees and allows companies to tap into international talent pools. And 53 percent of CFOs see benefits like flexible working arrangements and training as vital to employee retention for the next 18 months. In addition to the challenges impacting today's business world, time-consuming legal and HR tasks often deter companies from expanding internationally. Now, by partnering with a market-leading Global Employment PlatformTM, you can leave the logistics to the experts and enter new international markets in mere days.Contact us to learn more.
Here is the report itself – Report: CFOs Feel Long-term Growth Plans Hinge on New Markets.
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Globalization Partners is the Industry Leader in NelsonHall’s 2022 Global Employer of Record Report. We make it fast and compliant for companies to hire anyone, anywhere. Our ground-breaking platform, together with our in-country expertise, helps businesses worldwide build their global team without the need for entity setup in 187 countries.