Local Experience versus Global Experience – Tips For a Growing Workforce
As globalization continues to grow and the global economic transformation shifts, global experience is becoming increasingly crucial for senior executives. Many corporations are looking outside their failing local markets and focusing on the booming economies around the world. Such companies are considerably in need of executive talent and experience that will understand and relate well with the markets.
However, locating such executives in Singapore is not a simple task. That is why Singapore is encouraging students to study abroad in order to bring home, global experience in all industries. Global exposure programs have also been put in place to jumpstart careers. PWC reported that about 71% of millennials expressed their interests in working outside Singapore
Various studies have confirmed that Singapore lacks global experience and the government has been having sleepless nights concerning the matter. A number of programs have been set to revert this and empower local employees with global skills that will enable them to work productively in any country or any local international company in the country.
Many international entrepreneurs target Singapore as a valuable place to start a business, and regardless of the industry, they cite local experience inadequate to meet their unique global skills, prompting them to hire employees from their home countries. This is the reason why almost half of Singapore’s workforce is consists of foreign workers.
Benefits of international experience
New friends, new connections
One of the fundamental advantages of international experience is the potential to make new friends. If you are that talkative, happy, and that jovial type, working somewhere in a foreign world could be one of the best experiences for you. You will meet diverse individuals with diverse cultures, who will help you see the world in a beautiful, unique way.
You may find out that you have too much in common or yet find a twin from another world. With regards to work, new friends teach you new things. Different friends have different views on how to handle tasks and solve critical problems. This way, your mind broadens and creates that space to allow you to think not just independently but also diversely.
Your skills are global
When you study a course outside Singapore, you do not just gain experience that benefits that foreign country and Singapore but an international ticket to any office across the globe in the specialized niche. Employers enjoy hiring employees with global experience as they are all-round and look at challenges in an international way rather than the local way. With the adoption of diversity and inclusion in many companies, global experience is expected to be more valuable than it is currently.
Global workers are more confident with excellent communication skills which enables them to confidently take charge of any office anywhere and bring impressive results. They understand and accommodate diverse cultures which make them adapt quickly in any environment particularly speaking the local language in the area.
Local industries enjoy a reliable workforce in Singapore. There are twice as many local companies as global in the country which also means that local industries are a vital asset to the country. Therefore, as much as global experience continue increasing in demand, local expertise is also an essential subject that should not be ignored. For domestic organizations with very little focus on interacting with the global markets, local experience may be more valuable than international.
For instance, the health sector requires local experience. However, there are very few students willing to take up the course. Similarly, an insurance company in Singapore will look for a locally trained candidate than an internationally experienced expat. Singapore is a vast economy that has been well boosted by local industries.
There are so many local brands in the country, a lot of skilled labor and traditional knowledge that adds up to the great economy. International companies have only added to the growth and may not be reliable every time. A good rule of the thumb should be that local experience is equally essential in Singapore just as global expertise is.
Benefits of domestic experience
Offer local skills
In as much as the world is evolving, there are vital skills that every country requires in order to run. If the country is an oil mining country or a rice producing country, it is apparent that the people in the surrounding areas are well equipped with skills needed to mine that oil or harvest that rice than any other individual. They have an in-depth knowledge of the weather, the geographical positions, and the best ways of conserving the resources. Hiring a foreigner to work on such grounds may not be a wise choice as the expat may not have a lot of information about the area or will require more time getting acquainted with the surroundings.
Culture experience and local language
If you decide to travel to a foreign country and find yourself stranded on the streets, the first person to ask for help will be a local citizen. Similarly, hiring an expat means that at one point they will need some guidance on a few areas. If there are no local skills around the new employee may find it uncomfortable working in such an environment.
If it is a business company, you will need sales and marketing agents who are well-versed with the local language. Customers appreciate it when you speak to them a language they understand since not all Singaporeans are good English speakers. Singapore is a country attached to the Asian culture, an employee from western countries may need time to know the different cultures which lead to wastage of resources, time, and effort.
Both global experiences as well as local experience is a subject that every country should look at. Focusing on one could hurt the economy skill wise. Therefore, both experiences are vital for any developed as well as a developing nation. The government should empower not only residents to gain global experience but also equip local workers with Singapore-based skills to keep the local industries running.