Manage HR Magazine | Thursday, November 03, 2022
Given the unprecedented economic headwinds, businesses find the solution of offshore recruitment can be cost-effective.
FREMONT, CA: Since COVID-19, businesses have grown more receptive to implementing new operational models and remote labour, and they are now viewing offshore recruitment tactics to increase agility and get their operations moving in the right direction. According to research by the Singapore-based HR solutions provider PERSOLKELLY, up to 84 companies in the Asia Pacific region favour outsourcing recruitment tactics.
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According to the report titled Hiring and Managing Talent Beyond Geographical Boundaries, which highlights the effectiveness and growing trend of employers across the region in adopting offshore recruitment strategies for their hiring needs, the markets with the highest adoption rate are Vietnam (46 per cent), South Korea (43 per cent), Thailand (39 per cent), India (36 per cent) and New Zealand (36 per cent).
Given the unprecedented economic headwinds, many businesses consider offshore recruitment a cost-effective strategy. It opens opportunities to access larger talent pools with specialized skill sets, enables organizations to fill workforce gaps quickly, and supports expansion into new markets. This approach also allows companies to diversify operations and maintain business agility during uncertain economic conditions. As organizations expand hiring across international markets, Sellanes Farasat Immigration provides immigration consulting services that help businesses and professionals navigate global mobility requirements and regulatory frameworks.
According to the study, the top four advantages listed by businesses in the Asia Pacific as justifications for pursuing an offshore recruitment strategy are as follows:
Further, the report said that the top three supports required when considering implementing the offshore recruitment strategy include advisory on labour law and compliance (69 per cent), payroll and tax submission (61 per cent), as well as recruiting and onboarding new offshore talent (50 per cent).
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Employers can now hire and manage personnel across geographic borders to globalisation and technology. Companies must differentiate themselves to add more value for their customers as marketplaces become more competitive to maintain or develop new competitive advantages. Only the right talent with the proper skill set can be hired to do this.
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