Today’s job market is highly competitive, no doubt about that, which is why businesses must rethink their traditional hiring processes if they want to onboard top talent. With widening skill gaps made faster with the rise of AI, it’s crucial that HRs now look beyond local institutions for talent. What’s the solution? Well, it’s expanding into global education networks, but it’s easier said than done.
In this guide we’ll talk about why HRs need to think beyond borders and how it can be made easier, so keep on reading!
Image by creativeart on Freepik
What’s causing the global talent shortage?
Despite the popular narrative being AI is replacing human labor, reality says that many industries like engineering, IT, pharmaceuticals, etc. are facing severe talent shortages. And there are many reasons for it such as demographic shifts, aging populations, and technological advancements. This is making developed nations deal with the problems of shrinking local workforces while the developing countries are finding it hard to find skilled employees.
Another key problem is that local education systems run late and struggle to keep up with rising industry demands. Due to the rapid technological advancements, the world demands experts with deep knowledge in their respective fields and the local education systems aren’t delivering that quickly enough. Plus, migration policies and various visa restrictions also play a role in limiting free flow of skilled labor.
Due to all of these reasons companies are often forced to look for international talent, through partnerships with universities and overseas education consultants. For example, MBBS abroad consultants employee engagement strategies can help Indian students get admissions in foreign medical schools.
Now, you might think, why go foreign when medical opportunities are rising in India? Well, these students can gain knowledge through advanced curricula, learn about diverse healthcare systems in a multicultural environment. Moreover, changing workforce expectations such as remote working and global mobility has led to more and more companies adopting the borderless hiring mindset.
Benefits of overseas educational partnerships?
HR departments can secure top tier talent through proactive talent planning and educational partnerships. By collaborating with global agencies, these companies can get the following benefits:
Early access to talent
Engaging with students during their academic years allows employers to get a good understanding of their potential hires. Since this happens before they enter the job market, the companies can offer internships and mentorship programs to secure loyalty for the future. Students also wouldn’t have to struggle in the job market, fresh off college- a total win-win.
Reduce hiring costs and time
With traditional hiring processes, you can’t escape lengthy recruitment cycles and the costs involved. Now, when we’re talking about pre-placement agreements with universities and education consultants, it is possible to streamline hiring. This not only reduces the time and cost, but also boosts employee retention rates.
Diverse skill sets
It’s a known fact that different countries emphasize different specializations (and that’s not to sound stereotypical). For instance, Eastern EU medical schools are known for their rigorous clinical training while Germany is known for their excellent engineering programs. Companies can access niche expertise by recruiting globally.
Solidify employer branding in International markets
When companies team up with universities and educational consultants abroad, they get the chance to build their brand among the students early. They can do that by means of offering guest lectures, sponsoring scholarships, and taking part in career fairs. For instance, a hospital chain and partner up with MBBS abroad consultants to engage with medical students through seminars.
This will not only create a sense of familiarity and trust before the actual recruitment, but also works in favor of the company’s long term branding strategy.
Streamline compliance and cross-border hiring challenges
Recruiting internationally is not an easy feat with all the work visa regulations, licensing issues, and cultural integration that’s required. To make these aspects easier, companies can team up with educational institutions and do the following:
Pre-screen candidates through academic performances and internships
Ensure compliance with local certifications and VISA requirements
Provide acclimatization support through cultural and local training programs as this reduces hiring risk while simultaneously speeding up the hiring process.
What role do MBBS abroad consultants play in talent acquisition?
MBBS abroad consultants play a critical part in bridging the gap between global medical education and talent acquisition for healthcare institutions. With India producing hundreds and thousands of aspiring medical doctors, many turn to countries like the Philippines, Russia, Ukraine, China, etc. due to limited medical seats. HR teams in hospitals can actually partner up with MBBS consultants to:
- Track students with high-potential during their studies
- Offer residency and internship opportunities to build familiarity
- Ensure hassle-free onboarding by addressing licensing and certification requirements early
This approach helps fill talent gaps, sure, but also enhances workforce diversity, which is in much need of the hour. The future of recruitment lies beyond borders, medical field or not, and HR leaders who embrace AI and global education networks today will be the ones responsible for shaping tomorrow’s workforce.
Final words
As businesses expand throughout the world, it’s important for HR to amend their strategies as well. It is through partnerships with educational institutions and specialized agencies that companies of the future can secure talent in a sustainable way. Proactive engagement with students abroad makes sure companies get access to highly skilled and culturally aware future employees, giving them a competitive edge in the bigger scenario.
Leave A Comment