Pros And Cons Of Hiring From Abroad

There are many reasons as to why you might hire from abroad. To do so lends your team a fresh perspective, and can truly enrich your overall skill base with talents that you might not find as easily in your home country. It might be that you hope to make the transition of expanding to that country one day, and you hope to prepare yourself as much as possible by hiring those with experience there.

However, like any business decision, hiring from abroad comes with its pros and cons. Overall there are more pros than cons, so it should absolutely be considered and considered heavily. However, it does always pay to stay informed, and the following should help you do that:

Skillset

Of course, for the most part you hire abroad in order to gain a certain skillset. It might be that some niche form of competence is only found in a country abroad in extreme quantities. This can make sense from a cultural perspective. For example, if you hope to expand your business’s standing in a new country while settling offices there, you can be sure that someone from that country would have more appropriate marketing knowledge than someone hired from home. This is true even if a potential new hire from home is of that cultural descent, as up-to-the-minute knowledge is usually required to keep your finger on the pulse.

Cost

One of the downsides of hiring from abroad is the cost it entails to do so. When it comes to providing travel, temporary accommodation or even helping them cross the border via time and dedication, it’s not exactly the most convenient method that any business can utilize in order to find new workers.

However, it pays to weight up the cost. It might be that a singular skillset is something that is more than worth the cost of bringing in a foreign worker, or that in the long term your business interests will more than pay for this investment. For example, it might be that you’re hoping to increase the language capacities of your team, hire those who can authentically translate for your website, or simply help you become more familiar with a business set of ethics expected somewhere abroad. For example, in the United Arab Emirates, business deals are often treated as much more social and respectful affairs than the cold and calculating manner of the West, and so respectfully courting your new business partner is as important as negotiating the terms of the deal. This information can be invaluable when placed at the right time.

Permanence

You should also consider just how long you hope for your employee to last. It might be that they are only aboard for one project, or that they might have  the chance to prove their permanence with your firm. It’s best to lay this right at the outset. Just keep in mind that long periods of employment will mean you have to help them become patriated and keep their documents verified for a longer time. It might also mean having to pay even more to require them to become a permanent resident, with their own and potentially a fiance visa to apply for. Keeping all this in mind will help you set the parameters, turning a chaotic and inconvenient setup into something that works for you at all times.

Are You Making The Most Of Your Real Estate Investments?

The real estate arena is easily one of the most lucrative for potential investors. Perhaps more importantly, it’s also a sector which offers the best hopes of steady and sustained growth. After all, the rise in property prices has been far quicker than general inflation rates. And those sentiments are true on a global level as well as a national one. Nonetheless, it’s not a ticket to free money, or else everyone would be an investor. It’s imperative that the right steps are taken in order to make your investment work harder.   

Here are four key points of focus that you cannot afford to ignore.

Location

Geographic locations play a huge role in all real estate investments. Some markets are growing far quicker than others. This can be due to improvements in the local area, such as new business prospects, or many other factors. Apart from choosing the right city, you need to select properties with the biggest client appeal. Seaside real estate is a particularly popular option at the moment as it has a universal appeal. The quicker a property can be shifted, the better.

Remember to prioritize location at all times, and you will not regret it.

Single Home V Multi-Home Units

There are many questions to ask while considering your investment options. As an inexperienced investor, you may assume that investing in a single home is easier. However, many lenders on buy-to-let schemes would rather lend to multi-home units. This is because they only need to be partly occupied to break even. Meanwhile, turning a house into flats can work wonders depending on the situation. The additional work is minimal but the extra income can be huge.

There is no one right or wrong answer, though. So, do what’s right for you.

Buy-To-Sell V Buy-To-Let

Renting out the property is only one way to go. You could also look to sell the property on. This allows you to gain a profit ASAP but does relinquish the asset. Conversely, a buy-to-let option gives a steady source of revenue while the asset remains in your possession. Of course, landlords do encounter a number of other costs, so you must be careful. Ultimately, the decision will be dictated by your capital, goals, and general feeling towards each property.

Many of the biggest investors will have a mixed portfolio including both types of property.   

Activeness Levels

As an investor, you can be either passive or active. Essentially, you have a choice to hire others to do the work on your behalf or take the DIY approach. Meanwhile, you should consider whether to go for a fixer-upper. Taking this option with can unlock a huge profit in a matter of months, even if you take the passive approach. Once again, it all boils down to personal situations. Juggling time and money in the most efficient manner should unearth the very best outcomes.   

The best option is the one that earns the biggest ROI. It truly is that simple.

Unique Team Building Ideas To Try

Team building sucks, you might say. But if you do it right, your team building and bonding can be fun, unique and downright hilarious. If you want an excuse to spend time with your team out of the office for a day, here are some of the fun activities you can do.

An escape room

An Escape room is a problem-solving game which involves you being locked in a room for one hour, given a scenario and a bunch of clues and trying to find your way out. You will have to work as a cohesive team for this to work because each small clue will form part of the bigger picture, and you will all need to be on the same page to work out the puzzle. It can be a fun way to put different teams against each other by having two or three teams locked in different rooms to see who makes it out first.

Murder mystery

If you fancy being able to dress up and have a nice meal as you play your team building games, then a murder mystery game can be ideal. You will need to nominate one person to be the narrator, and they will be the only person who knows the identity of the killer. You will all be given a different character to play, and through the game, you’ll have a series of clues to decipher. If you work as a great team, you should be able to identify the murderer in no time!

Guitar Hero

If you remember this old classic, then you will know how competitive it can be when you play against each other on expert level. You can make a tournament with the office and have multiple games against each other until you only have two players remaining. Make it a fun final and have your whole office present to see who the champion ends up being. It can be a fun way to bond and also gives you plenty of things to talk about afterwards.

Office sports day

If you want to spend some time outside and enjoy the sun this summer, it can be the perfect excuse to bring out the games, split everyone into teams and hold an office Olympics of sorts. You can have relay races, space hopper races, obstacle courses and fun forfeits for the losers. The winning team gets a free round at the bar at the end of the day and you can all have something hilarious to look back on.

Scavenger hunt

If you don’t have a big budget to spend on a team building day, you can make it into a scavenger hunt around the office and split your office into teams of two. Sure, the office will be total chaos for a few hours, but it will be fun watching your team scramble to decipher your clues and find the prize. The prize could be a gift card, some chocolates or even a crate of beer.