Startup Talent Acquisition
Startups have been steadily gaining more attention in the last few years, particularly in the digital arena with the adoption of ‘gig’ type jobs and online platforms becoming more prevalent and mainstream in the global business landscape. Now with technology bringing the world to your fingertips, startups are expanding internationally and taking advantage of global opportunities to cast their nets wider and ensure their global reach and growth.
With recent layoffs around the world, startups are taking advantage of the available talent pools to hire the tech talent they need.
Startups and the Contingent Workforce
The future of contingent workforce management and on-demand “gig economy” is here and a reality that smart companies all around the world are adopting. Some of the key challenges now being faced by startups engaging gig workers is startup talent acquisition, talent engagement and retention, compliance and risk mitigation. There have been many articles, blogs, research papers, discussions, forums and social postings about how the “gig economy” has contracted or is expanding. CXC Global America’s have provided independent, freelance, contractor payroll and compliance solutions to our “gig economy” clients for the past 11 years locally in the US and we know it’s still a challenge to measure the true amount of gig workers around the world. Some companies don’t even know how many gig workers they have in their company and this list extends to project workers, sole traders, statement of work and corp. to corp contractors.
Global Expansion – from Domestic to International
Becoming a global company is an impressive feat, and not every business that sets out to do it accomplishes the goal. To successfully convert your business from domestic to international, you’ll need to consider a new set of factors that might not necessarily affect a local-only company. For most entrepreneurs, building and maintaining a local customer base is one of the first steps on the road to success. Once they have achieved this goal, some business owners feel they’re ready to take on the next step: expanding internationally.
Setting up operations in a new country or region can be a complex and time consuming process for startups. There are many aspects of the business to consider, from HR to finance, to workforce engagement, onboarding, payroll, back office, talent management in startups, establishment of legal entities, risk management, foreign currency conversions and management, to name a few.
How CXC Global can help
CXC has developed particular expertise in this field and have assisted 1000’s of companies to set up new legal entities and operations in over 100 countries globally for over 30 years and have been recognized as global leaders and preferred partner to businesses all around the world.
Providing a solid base for startups and startup talent acquisition is fundamental, to enable them to focus on their core business execution and growth. CXC provides such a base assisting enterprises to setup operations around the globe and will enter new regions as the needs of our clients determine.
Startups can now launch in new territories with maximum efficiency and pace underpinned by a strong compliance framework.
The establishment of subsidiary or new entities overseas is often a difficult process and can be costly. Working with a trusted advisor with over 30 years’ experience, who can also provide “in country” HR services as well as employee onboarding services and talent management in startups, not only enables startups to focus on their core business, but it also ensures their workforce is engaged, are productive and that most importantly, the company is fully compliant with local employment laws.
If you’re wondering how to attract talent to your startup, CXC has a global network of partners and talent specialists to help you with your startup talent acquisition, helping you to greater access to talent.
CXC is a global HR outsourcing organization with 30 years of experience in workforce management. Our innovative and cost-effective solutions help companies gain a competitive advantage by improving efficiency while reducing risks.