One of the biggest trends to emerge from globalisation is the rise in global worker mobility. Today the globally connected technology, knowledge, trade and capital have created a major shift in the way businesses operate. A Talent Mobility study by PWC reveals 50% growth in international assignments by the year 2020 which means a significant surge in international projects and global mobile career. With the international business landscape evolving at a lightning speed, the global mobility management practices are also slated to change rapidly. Today the focus is turning towards moving the job to people, rather than the other way around.
In this article we want to focus on the 3 major group of people who are affected by this mobility wave.
Global mobility is not a new trend for the originally self-employed freelancers and has been prevalent in the oil, gas and engineering industries for a long time. Currently the trend is reaching many other industries and vocations as well. These are the skilled professionals who work as freelancers on assignments with employers anywhere in the world. They prefer working on a project basis with different clients.
A major chunk of expat talents follows their globetrotting partners when assigned to a new country. Apart from adjusting to a radically new life in a foreign country, there are several challenges that they may face as a relocating spouse.
Ageing population has been a concern from the longest time not only in developed but also emerging economies. Today many older workers are ready to relocate to a new country on an assignment as they are considered more mobile compared to younger employees with families. They are often open to work even after retirement as consultants and share their valuable knowledge and expertise internationally as a freelancer. This helps in bridging the talent gap.
The current challenge is to promote an inclusive culture with all these kinds of globally mobile professionals. The world is changing and thanks to today’s digitally connected world, these challenges will soon cease to exist. This is where the concept of a digital nomad comes to the fore.
They are location-independent people who use telecommunications technology to perform their work and earn a living. They can work remotely from anywhere- foreign countries, co-working spaces, homes or even coffee shops. All one needs is an excellent Wi-Fi connectivity and a laptop to stay in contact with clients and employers.
You could be working in any field- IT, creative, media, consulting or even marketing and with a range of clients. The tech driven nature of the business ecosystem today has enabled people to build their career and carry it with them irrespective of where they live or relocate. This is one of the most sustainable solutions for seasoned professionals who are always on the move and don’t wish to compromise on their careers.
A trend which is gaining momentum is that of remote employment. Companies often don’t want to let go of critical talents when they relocate, so continuing to employ them remotely ensures that the talent stays while the company benefits from their productivity.
There are many organisations that actually look for a remote employment kind of an arrangement as it is convenient for them. More and more organisations are not interested in stationing the employee on location but are more concerned with their output and efficiency. For instance, in the field of IT, project management, software development, recruitment or even language tutoring.
If you wish to enjoy the advantages of being a digital nomad but not give up on the benefits and security of an employee-employer relationship, then remote employment is a sustainable career solution. As a foreign talent, establishing such a career is the best possible solution when always on the move and at LinkFacility, we acknowledge the importance of your career and ambition.
For the digital nomads, whether you are an expat spouse, a retired freelancer or self-employed, relocating to a new country and finding suitable employment locally is always a challenge.
As a foreign talent, there are employment solutions available to meet your need to find relevant job locally. An Employer of Record is one such solution.
To explain in simple words, you can legally work for a local employer but be on the payrolls of the EOR company. They are an intermediary between you and your employer and are specialised to ‘hire’ you legally via their entity in your host country.
So, an EOR is actually in charge of carrying out all the immigration regulatory requirements, international employment regulations and payroll/ tax functions, while the local employer is the ultimate decision maker regarding your job duties and responsibilities as well as on compensation, performance and termination. Our team of experts at LinkFacility can assist you and your local employer to seamlessly facilitate your employment.
If you want to start your portable career and work as an independent contractor but not yet ready to commit to a full-fledged business set up, then Expat Freelancer Service is your solution.
As a digital nomad, to continue to thrive in your career with sustainability, you can look into incorporating a company in international jurisdiction.
If you want to work remotely as a digital nomad, you have to ensure that you are following all legal regulations and then enjoy the benefits of setting up a remote business anywhere in the world.
A recent survey has revealed the best countries to incorporate a remote based company. They are Singapore, Labuan, Andorra, Cyprus, Malta, Hong Kong, Georgia, Estonia among others.
Each country has its own pros and cons that may impact your decision and with our global career expertise, you can be assured of finding the best possible solution that works for you.
As a digital nomad, you no longer have to compromise on your cherished job or quit your firm. The days of moving to a new country as a trailing spouse leaving your career behind or giving up on your much-loved job post retirement is long gone.
With this solution, you can work from anywhere in the world as a freelancer or even employed locally and build a sustainable career for yourself no matter which part of the world you live in. To know more about our services, do contact us or download the brochure here (automatic download - so check your downloads folder):
Nima is the legal affairs expert and co-founder of LinkFacility. Her decade long experience as a banker for the Credit Agricole in Djibouti, East Africa, helped Nima accrue invaluable insights about the challenges in emerging economies related to business set-up, commercial and jurisdictional risks. At LinkFacility, she shares her indelible know-how of the world of global entrepreneurship with a solution-driven mindset, analytical attitude and a globalist outlook. Having lived, studied and worked in 6 countries across 4 continents, she blends her solid financial background with legal insights from both emerging and developed markets to tailor make solutions for businesses from an international standpoint. While formulating entrepreneurship solutions, Nima approaches business risk management with due diligence, rigorous compliance standards and a thorough knowledge of the regulatory framework of the target market. Nima is a double degree Honours graduate of Bachelor of Law (L.LL) and a Juris Doctor (J.D.) with a specialisation in International Law from the University of Ottawa, Canada.
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