Team-Building Activities to Avoid - Cool Stuff Happening in Utah Tech - Global Solutions to Reduce Payroll Costs and Increase Qualified Candidate Flow

Happy September! We've curated HR tips, recruiting insights, and global payroll stats to kick off your busy Fall 2023 hiring season.

Team building offsites. We’ve all been there. As you look back, you most likely smile at some of the memories and cringe with embarrassment over others. So how can you plan company activities that will actually accomplish their reason for existence — namely to motivate and reward employees rather than bore, embarrass, or alienate them?

Here are Joe Staples' top seven insights, accompanied by a few more cautionary tales.

CASE STUDY: AT A GLANCE

Anticipating aggressive growth milestones, mobile client-management solution Clientbook engaged with lsoTalent's recruiters to expand their global reach to hire technologist candidates to expand platform capabilities. As a price-conscious startup, Clientbook required cost-effective recruiting solutions without sacrificing candidate quality or experience. lsoTalent met these project requirements, recruiting 6 new employees throughout LATAM and employing each legally through our global EOR.?

Clientbook had previously hired a combination of contractors and junior-level developers to reduce payroll costs. This led to issues in consistency and quality control, which in turn limited their ability to scale operations. The team needed to expand their human capital options without breaking their budget or sacrificing quality of candidates.

Read the full case study here.

Businesses have heard of international hiring at scale, but do they know the benefits of adding 1 or 2 key roles to their hybrid team structure? This micro-strategy is particularly well-suited for industries that benefit from diverse perspectives and ease of collaboration across distributed teams.

Here are some industries that are well-suited for a hybrid team structure with multinational employees:

• Technology and IT: Tech teams often operate on a global scale while building a product or website, and having a hybrid team allows companies to tap into a talent pool with diverse technological expertise from around the world.
• Accounting and Finance Firms: These organizations integrate seamlessly with finance professionals in any country, often offering a solution to increase profit margins of billings.
• Consulting and Professional Services: Consulting firms often serve clients globally, making it advantageous to have multinational teams that can understand local markets and regulations. Fluent business experts can be recruited anywhere — why limit your search to just one country?
• E-commerce and Retail: In the e-commerce sector, having a hybrid team can help businesses cater to diverse markets, optimize your website or e-commerce platform, and address customer needs in different time zones.
• Finance and Banking: Multinational banks and financial institutions benefit from hybrid teams that can provide 24/7 customer support and navigate global financial regulations.
• Manufacturing and Supply Chain: Companies with global supply chains can benefit from a hybrid team to manage logistics, sourcing, and coordination across different regions.
• Pharmaceutical and Life Sciences: The life sciences industry often collaborates with researchers and partners worldwide, making a hybrid team structure conducive to international collaborations.
• Hospitality and Tourism: In the hospitality industry, having multinational employees can enhance expertise and cater to the needs of diverse international travelers.
• Education and E-learning: The education sector can leverage hybrid teams to offer educational programs to learners across different countries and time zones, or simply to source exceptional educators for remote learning.
• Media and Entertainment: Media companies can benefit from hybrid teams to produce content that appeals to a global audience and covers international events.
• Energy and Renewable Resources: Multinational energy companies can use hybrid teams to manage global projects, collaborate with international partners, tap niche expertise, and ensure efficient operations.

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