Borders have never been a boundary for British business magnate Richard Branson. Even the borders that define space travel haven’t deterred the well-known tycoon.
The truth is, borders don’t need to be a boundary in your business or for your global team either, especially international ones.
Richard Branson, the Founder of the Virgin Group, addressed participants of the PANGEO Conference recently, where The Migration Agency’s Managing Director Sarah Thapa was also a guest speaker. He spoke about how to be limitless in your approach to thinking beyond boundaries and borders to achieve what has never been done.
In his presentation, Sir Richard Branson discussed three key areas of creating a successful company and global team. In this blog, we will discuss those areas and what it means for you as an organisation looking to grow and expand through global talent and a immigration program.
1. Beyond borders: Building your global team
When it comes to building the right global team, borders need not be a challenge if you have the help of an immigration specialist like TMA.
Hiring internationally and expanding your business to new countries and markets can be transformative for your organisation and your team, but without a solid plan and the right team, the results you desire may falter.
Growing a global team creates diversity in businesses and also breaks down cultural barriers. Did you know according to a McKinsey study, “Racially diverse executive teams provided an advantage of 35 per cent higher EBIT (earnings before interest and taxes). While, companies with diverse talent and executives are more likely to retain the best talent”. (Source: MarketWatch)
When asked about building global teams, Branson disclosed, “it’s all about the people. Talk to your team, inspire people by listening and make sure they have the tools for doing their job properly.”
2. Facing challenges and rising above them
When it comes to immigration, the biggest challenge most employers and employees faced in 2020 and 2021, including Virgin, has been the pandemic, its impact on businesses and teams, and the freedom of mobility.
In turn, the skills shortage we saw in Australia was a consequence of more than 1 million highly skilled migrants leaving the country. (Source: Bloomberg)
The skills gap, talent shortage and retention, and borders shut tight made it challenging for companies to grow internationally and hire global talent, however, some did have success with the help of a strategic immigration partner and working closely with local specialists such as TMA.
When overcoming his own challenges, Richard’s key message is to “make the impossible possible” and never give up.
3. Creating an impact now and in the future
Part of the work we do at TMA is working with government bodies and industry leaders to improve and tailor our immigration system for employers, employees and the economy – it’s about creating impact now and in the future.
In his address, Branson said: “We can use entrepreneurship to help governments to fix problems or just go ahead and fix the problem ourselves. Small businesses can deal with local and community issues and larger businesses can help on a national level, and then as your business grows, on a global scale.”
Every time an organisation hires globally it makes an impact by creating a better life for the global talent coming to Australia or working with Australian businesses, and it also brings new skills and experiences to Australian companies, allowing them to grow, and in turn, helping bolster our economy.
Get in touch and start creating your global impact today
Now is the ideal time for Australian companies to prepare for a new phase of globalisation where they have their own talent funnel to build out their own highly skilled team.
To grow successfully with global talent you will need a trusted immigration partner. The Migration Agency can help with:
- Industry insights and legal briefings
- Strategic planning and advice
- Conducting immigration “health checks” or compliance risk assessments
- Drafting policies and procedures
- VEVO Work Entitlement Checks for visa holders of all subclasses
- Designing and implementing compliance programs
- Workplace investigations and DIBP monitoring
- Bespoke immigration program design, implementation and management
To work with us on your immigration and global talent program, please get in touch today.