Cross Border Hiring Split Among International Companies

January 7, 2015 – Among companies with offices in countries outside of where their headquarters are located, plans to conduct searches for executives in foreign offices during the year ahead were evenly split. Fifty percent said they were planning to conduct searches while the other half said they were not, according to InterSearch Worldwide. Nearly two-thirds (65 percent) of larger companies, those with annual revenue of more than $500 million, indicated they planned to hire new executives in their offices around the world during the year ahead. When asked about their preference to hire locals versus ex-pats, 56 percent said they target locals exclusively while 42 percent said they target both locals and ex-pats. Just two percent said they only target ex-pats. Results among medium-sized companies, those with annual revenue between $50-500 million, nearly mirrored the total results of all responding companies, with 51 percent saying they planned to conduct cross-border searches for executives in the next 12 months while 49 percent said they did not. Unlike their larger counterparts, more than two-thirds (68 percent) of medium-sized companies said they target both locals and ex-pats when looking to hire executives. Twenty-nine percent said they prefer to hire locally. “Clearly, particularly among larger and medium-sized companies, demand is quite high for cross-border executive searches,” said Peter Waite, chairman. “To monitor these cross-border hiring trends and related matters over time we plan to conduct this survey once each year.”

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