Expats give competitive edge over others: Global execs
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Expats give competitive edge over others: Global execs

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Expats give competitive edge over others: Global execs
New Delhi: Most of the Indian companies feel that hiring expat employees is beneficial as it gives them corporate advantage over other. This is the finding of a survey that covered more than 500 executives across the world and was carried out by payment solutions provider Western Union. As many as 74 percent of business leaders based in Asia Pacific region and 76 percent worldwide said international workers have a positive impact on the economy. Two out of every three respondents globally said foreign workers provide their businesses with competitive advantages, according to The Economic Times.

Around 60 percent of respondents indicated that the current global economic recession will not change their hiring practices towards foreign workers with about 11 percent saying they are now more likely to hire foreign workers. "While economic insecurity is putting politicians under pressure to protect jobs for locals, it is clear that business leaders still see an open economy with economic migration as essential to drive the recovery," said Anil Kapur, Managing Director (South and South East Asia), Western Union.

The survey also indicated that about 80 percent of respondents hired international workers because they have the skills to fill specific staffing needs, particularly in senior management, information technology, and sales and marketing. Also, one in five respondents across all industries was dependent on employing international workers.

The survey also pointed out that business leaders also see immigration laws and regulations affecting their ability to hire international workers with over a quarter of those surveyed saying regulations make it difficult to hire a sufficient number of international workers. But companies are not yet pushing their local governments hard enough.

Quoting an estimate of United Nations Development Programme, the survey said international mobile workforce represents more than 200 million people. It added that when economic recovery gains momentum, businesses will seek more international employees.

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Reader's comments(7)
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Posted by:jlujcs - 19 Aug, 2011
2: So if they start hiring expats, what happens to the people living in the same country, where will they get their jobs from?
Posted by:manu - 28 Dec, 2009
Thats true but when u read the artical is says companys are looking for specific jobs ( specialized jobs). And yes we have many and lack a few. I my view higher Exprt for a couple of years contract and the job profile of Expart should strongly impose the clause "TRAINING LOCAL STAFF"
Snehal Replied to: manu - 29 Dec, 2009
Very Good, Our prime Minister says... India will be such an economic superpower that NRI will come back to India, with loads of money and jobs in India itself. But the picture is something else...
arijit Replied to: manu - 28 Dec, 2009
no job nothing, simply sitting,nothing have the skills in international workers. so many skilled peoples are there in local,they don't have support.
Raj Replied to: manu - 28 Dec, 2009
perhaps we should become expats :).... and work in other countries
Antony Replied to: Raj - 29 Dec, 2009
Yes this option is open, there are many Indian exprt around the world. A few of them are already settelers in foreign land since couple of generations we call them NRIs. Even today Indians with Specilized skills are welcome around the world. Off course few of them had bad experience and cum back home.
Snehal Replied to: Antony - 29 Dec, 2009