How globalization went from ‘nice-to-have’ to ‘must-have’

Even though it’s about spreading ourselves further out into the world, what globalization really does is make the world smaller. It brings talent, networks and information within our reach, no matter where they are. While globalization has been on the rise for decades, the global remote work experiment of 2020 meant that almost all of us have gotten a taste of what can be done (and done well) with the help of technology, agility and a little determination.    

The future of work is global. The benefits of globalization were center stage during the pandemic and, at times, crucial to continuing as a company. Today, we’re living in an era where many businesses owe their survival to globalization, and their talent isn’t forgetting the benefits in a hurry either. But still, there’s resistance to change—a battle from some to return to the old ways. For anyone still on the fence, we’ve collated some of the core reasons globalization is here to stay, and why that’s a good thing! 

Accessibility: hiring the best people for the job

Back in the day, it was common for talent to move cities - or even countries - for the job of their dreams. Today, that’s far less likely to happen. Why? Because there are companies out there that don’t expect this of people and will happily take on talent remotely, allowing them to stay near family, friends and homes. 

And this doesn’t just benefit workers. With the whole globe as your talent pool, companies can recruit based on skills alone, rather than location. Hiring the best people for the job is one of the simplest ways to bolster your position in the market and get ahead of the competition.  

Diversity, inclusion and equity 

Similarly, it’s much harder to hire a diverse, equitable team if you only hire local talent. By implementing globalization, companies can make sure their teams are truly inclusive, from entry-level positions all the way up to board level. Diverse teams are proven to produce innovative, better, more creative work. So again, it’s win-win. 

The people demand it 

Lastly, global companies are in high demand. So much so, that anyone who resists globalization runs the risk of falling behind fast. Research by the ADP Research Institute found that 68% of respondents from almost 4,000 workers surveyed in North America said that they would think about looking for a job elsewhere if they had been told to return to the office every day. And that’s a trend that is mirrored around the world. Bosses cannot simply dig their heels in and refuse anymore. Or if they do, it will cost them the best and most diverse talent. 

At Remotify, we help companies to remotify and to go global by making remote work the best it can be—for both leaders and employees. By handling the complexities and championing benefits, we make the process of switching to remote  work easy. Want to find out how we can do it for you? Book a call with a member of our friendly team today!