If your business has operations in more than one country, or you’re looking to hire internationally, then a global HR platform may be just what you need. A global HR platform can help manage worker data and records across borders, automate compliance processes, and expedite onboarding – all in a single platform. Read on to learn more about the benefits of a global HR platform and how it can help your business grow.
What is a global HR platform and what can it do for your business?
A global HR platform is a comprehensive solution that lets you hire anyone from all over the world without having to set up a subsidiary in every country. The platform helps you automate tedious HR processes that come with expanding your business internationally and hiring talent around the world.
The Journal of World Business defines global talent management as follows:
“Systematically utilizing IHRM activities (complementary HRM policies and policies) to attract, develop, and retain individuals with high levels of human capital (e.g., competency, personality, motivation) consistent with the strategic directions of the multinational enterprise in a dynamic, highly competitive, and global environment.”
According to a journal from Rutgers on global talent management, record of managing global talent “can be traced back to the 1800s”. What makes it different today is the plethora of technology we have to aid in the process. Tools like APIs and artificial intelligence make it easier than ever to reap the benefits of a diverse, global team.
The benefits of using a global HR platform
There are many benefits of using a global HR platform for your business. Perhaps the most obvious benefit is that it can help you expand your business internationally without having to set up a subsidiary in every country. In addition, a global HR platform can help with some of the major pain points for modern HR professionals. It can help manage worker data and records across borders, automate compliance processes, and expedite onboarding.
Manage Data & Records
You’re able to manage employee data and records across borders. By consolidating all of your worker data into a single platform, you can make it easier to find and track critical information.
A global HR platform can automate compliance processes related to things like classification and local regulations. This can help save your business time and money by freeing up resources that would otherwise be spent on compliance.
A global HR platform can also expedite the onboarding process for new hires. By automating onboarding processes, you can get new hires up and running faster and with less hassle. The right platform will have your workers ready-to-go in a matter of clicks. For more information on expediting onboarding, check out this article.
Key factors for determining the right global HR platform for your business
Now that you know the benefits of using a global HR platform, you may be wondering how to choose the right one for your business. There are a few things to consider when choosing a global HR platform, such as integrations, automation, and great reporting tools.
Here are some questions you should ask when considering a global HR platform:
- What are the different types of data we need to be managed?
- What other software do I need it to integrate with?
- What countries do we want to hire in?
- What sort of reporting will be most useful for your business?
Choosing the right global HR platform for your business can be a daunting task, but it doesn’t have to be. By considering your business’s needs and doing your research, you can find the perfect platform to help your business grow. To learn more about how to determine the right global HR platform for your business, read this article.
The future of global HR platforms
The future of global HR platforms is looking bright. Businesses aren’t the only ones using global HR platforms to manage their workforces – many talent marketplaces are, too. And as the trend of organizations using talent marketplaces continues, so does the trend of talent marketplaces using global HR platforms.
In a recent interview, our Founder and CEO, Jason Posel, said of the Future of Work: “Lots of niche talent marketplaces that focus on one single job function will be born. Those who land big clients that care about risk will need to use platforms like GreenLight to grow. We’ve met platforms that believe they don’t need to care about everything that happens after the job match-makings they facilitate, but come back after a few months to us when they are ready to scale.”
Whether you’re a business or a talent marketplace, if you’re looking to manage your workforce on a global scale, a global HR platform like GreenLight is the way to go. Schedule a demo today.