ipl-logo

Global Hiring Essay

1517 Words7 Pages

Owen Heimsoth
Alyson Lurker
LSB 402 – Summer Internship
11 June 2022

Global Hiring and its Impacts on FTI Consulting

FTI Consulting

FTI Consulting is a global consulting firm with over 7,000 employees. The firm has practices in corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communication, technology, and healthcare. This paper will focus on the impact of global hiring on FTI’s consulting practices and the opportunities and threats that both FTI and its clients will face.
As a consulting firm, FTI’s asset that generates revenue is the experience and capabilities of the talent that the company hires and retains. While human resources are not a balance sheet asset, the people that FTI …show more content…

The company now operates in 31 countries across six continents. Non-US revenues accounted for 37% of revenues in the most recent fiscal year, ended in December 2022 (FTI Consulting). As a result of FTI’s human knowledge-driven business model, changing international trends in talent management leave the company uniquely positioned in terms of opportunities and threats.

Trends in Global Hiring

Following the COVID-19 pandemic and the resulting increase in the feasibility of remote work, global hiring has become increasingly easy for companies to achieve. For example, 89% of all employment contracts in 2022 included a provision allowing for remote work in some form (State of Global Hiring Report). At FTI, both US and international employees work in a hybrid model.
Through this model, the company has been allowed to hire more international talent as teams can collaborate on applications such as Microsoft Teams regardless of their location. As well as this, given the necessity in consulting to travel to client sites, the home office location of an employee is less important to a consulting firm than counterparts in other industries. Advantages of Global …show more content…

A 2022 study showed that in the finance and insurance industry, 65% of workers who left their companies switched industries entirely. The same study also showed that in the US, 40% of workers across all professional services industries are considering changing companies in the three to six months after the study was conducted (De Smet, Aaron, et al).
While globalization has made international talent more accessible, this also means that firms such as FTI are forced to fight their competitors for this emerging talent. One downside of FTI is that it is not necessarily a name-brand consulting firm (which is somewhat intentional, as the company is primarily hired to work is distressed environments) such as McKinsey or Bain, which may assist in recruiting top talent. This threat must be mitigated by adjusting the company culture and catering to the wants and needs of local and international talent. Steps that FTI has taken to mitigate this threat include implementing a much more flexible work-from-home model and increasing compensation for revenue-generating

Show More
Related

  • Dbq Essay On Globalization

    526 Words  | 3 Pages

    Throughout our lives, things around us have been changing, simple things, such as iPhones and other technology because of globalization. Globalization since the second world war has been mostly better for us than worse because there are decreased poverty rates and life expectancy has increased, but we are polluting our world with environmental destruction and Co2 emissions. Since the Second World War, extreme rates of poverty have decreased. According to Document 1, starting around 1950, there was a steep decrease in extreme poverty. It went from around 60% in 1950 to lower than 20% in 2015.

    Read More

  • Geico Talent Pipeline Essay

    887 Words  | 4 Pages

    For Geico to set up a strategy that company needs to be sure that it's in alignment with their business strategy. They should also ensure that they know what the result should be and focus on that. The company needs to dig deep to see what skills are required and place the right employee in the right job at the right time, which will add value a create a smooth working environment. Learning what motivates the organization's employees in different work segments can enhance flexibility. Geico can improve on recruitment by developing a talent pipeline.

    Read More

  • Hrm 531 Week 3 Careers Essay

    963 Words  | 4 Pages

    In future years the work we know and do will be changed. With current emerging technologies, such as the 3D printer, Wi-Fi, or mobile devices, jobs have already been impacted from what was done in the ‘olden days’ or before the introduction of these advancements. Three careers have been chosen to display how this information technology (IT) impacts on work, these careers being medicine, education, and journalism. They have been chosen based on how their careers have largely been positively impacted and changed because of these advancements. The examples below will demonstrate how IT has shown to be an overall positive addition to the work industry.

    Read More

  • Dbq Essay Globalization

    1233 Words  | 5 Pages

    Globalization has had an impact on just about everywhere in the world, whether it be positive or negative. There have been many benefits and good things that have come out of this international movement. We have more goods, we are more connected, things are easier to do, goods are cheaper, and life values and conditions have improved, but what about the people who don't have access to these benefits? What about the people we don't talk about, the ones who make those cheap goods? For some, many negatives have come out of globalization, like decreased living conditions and isolation, even if in our eyes it seems all good and like we couldn't live without it.

    Read More

  • Hrm 531 Week 1 Work Force Analysis

    475 Words  | 2 Pages

    Talent Supply Chain. Human-Capital Facts help identify key indicators of an organization’s overall health. Analytical HR aid in identifying the units, departments or individuals that need attention. Human-Capital Investment Analysis help companies in identifying the actions that have the greatest impact on their business. Workforce Forecasts help organizations in predicting when more staff is needed as well as when to cut back on staff.

    Read More

  • Dbq Essay On Globalization

    834 Words  | 4 Pages

    Globalization in the past 80 years has connected our world exceptionally well compared to the years before. Just under 80 years ago, when World War II ended, people saw an opportunity to grow together and learn from past mistakes. Globalization has brought the world together which has caused poverty rates to go down, work systems to become stronger leading to more accessibility, and overall life expectancy to increase. Globalization has forever changed the ways of the world and will continue to benefit people by bringing us together to become one substantial world. Globalization has benefited our world involving the decrease in poverty rates.

    Read More

  • Positive Impact Of Technology And Globalization On Canada's Economy

    435 Words  | 2 Pages

    Companies interested in these advantages are looking for flexible and innovative ways to expand their business abroad. International professional employers' organization making it easier than ever to hire workers in other countries quickly and compliantly. This means that many companies no longer have to set up a foreign company in order to expand

    Read More

  • Management Capstone Essay

    1365 Words  | 6 Pages

    Writing Assignment Unit 7 University of People BUS 5910- Management Capstone Dr. Sarah Mursch March 14, 2023 Description of cases and identification of main problems - identify the problem in terms of human resources. This is the case with NewBuild company, a major commercial construction company. Although the company felt it was slowing down, it still had contracts to execute, but the future beyond the existing contracts is volatile. The study outlines a situation regarding changes in corporations and how these changes affect employment options for staff, particularly two employees, Brad and Kerry, who are relatively new employees.

    Read More

  • International Mobility Case Study

    1003 Words  | 5 Pages

    SOLVAY GROUP: INTERNATIONAL MOBILITY & MANAGING EXPATRIATES Group F2 Problem Statement: The situation is to develop an international mobility program in order to streamline processes at Solvay which aligns the company’s business goals with individual employees’ needs . External Analysis Factor (Economic, Technological, Cultural) Implications on the problem Political: • Swelling government regulations in Pharmaceutical industryIt was difficult to enter the industry(high entry barrier, not lucrative)Existing players diversifying globally Require additional HR • Movement of HR helps in easy expansion need of an effective international mobility program (take care employees needs like personal, financial, social etc.)

    Read More

  • International HRM Case Study: Brunt Hotels

    1776 Words  | 8 Pages

    In this essay, I will speak about the International HRM Case Study - Brunt Hotels by Fiona L. Robson, complete the activities A, C, E, and G, and answer to the questions provided in the assignment. First off, let's see what is about this case and his purpose. The case provided is done with the purpose of understanding the issues involved in domestic and international recruitment and selection in different types of industries. In hotel industry for example, as we have the Brunt Hotels case that helps us to understand and learn how to logically apply the theory to the practical situation in other industries too. Industries that prepare to expand their markets internationally, industries that need to evaluate well and analyze the implications

    Read More

  • Great Wall Golf And Country Club Case Study

    1908 Words  | 8 Pages

    Due to less competency, hiring locals is extremely difficult, especially for an international office. Very good to have Expats with knowledge of the Industry in the First few years of Inception till the Local talent is developed. It brings around exposure to International Standards. It shows that one talent and the hard-working individual is actually worth as compared with three new-comers to the practices of the task.

    Read More

  • Insider Threat Research Paper

    864 Words  | 4 Pages

    People is the greatest resource of the company or organization, but there are two side of a coin, everything comes with benefits and also the drawback. Staff

    Read More

  • Disadvantages Of Globalisation Essay

    956 Words  | 4 Pages

    MINI REPORT ARE THE BENEFITS OF GLOBALISATION GREATER THAN THE DRAWBACKS? In my perspective, globalisation is a practice by which the world is becoming progressively connected as a result of immensely increased trade and cross culture diversity. Globalisation enhances the use of outsourcing and offshoring products.

    Read More

  • Advantages Of Remote Working

    812 Words  | 4 Pages

    Remote teams are becoming more and more common in modern enterprise, for many reasons. The main one is money, as it saves a considerable amount of money in a competitive market and difficult economic climate. However, many managers are questioning whether it is an ideal way to do business and whether remote working or the traditional office structure produces better results and profits. Much of it comes down to personal preference as to how each individual prefers to work, but taking the IT industry as an example, many have found that they are actually much more productive and turn in better quality work from home rather than the office. Here are just a few ways that IT professionals, and indeed people of any profession, have improved their

    Read More

  • Advantages And Disadvantages Of Globalization In Nigeria

    1458 Words  | 6 Pages

    However , the following are the benefits of globalization. They are as follows. 1. Globalization creates opportunities for the socio economic development among nations or state. 2.

    Read More

More about Global Hiring Essay

Open Document