As published on peoplematters.in, Tuesday 1 November, 2022.
Having become more open to adopting new operation models and remote work since Covid-19, companies are increasingly turning to offshore recruitment strategies to boost agility and put their operations on the right track.
As many as 84% of employers across Asia Pacific favour offshoring recruitment strategies, reveals a report by Singapore-headquartered HR solutions company PERSOLKELLY.
Markets with the highest adoption rate are Vietnam (46%), South Korea (43%), Thailand (39%), India (36%) and New Zealand (36%), says the report titled “Hiring and Managing Talent Beyond Geographical Boundaries” which highlights the effectiveness and the growing trend of employers across the region in adopting offshore recruitment strategies for their hiring needs.
Companies within the IT industry have the highest adoption rate (56%), followed by hi-tech engineering (41%), manufacturing (34%) and finance (33%).
As per the report, the top four benefits voted by companies across the Asia Pacific as the reasons for pursuing an offshore recruitment strategy include:
“Globalisation and technology have made it possible for employers to hire and manage talent beyond geographical boundaries. As the markets become more competitive, companies need to differentiate themselves to create more value for their customers to either preserve or introduce new competitive advantages. This can only be done through hiring the right talent with the right skill set to achieve the business objective,” said Foo See Yang, managing director & country head, PERSOLKELLY Singapore.
“That is why offshore recruitment strategy is gaining popularity. The goal for this strategy is to seamlessly integrate the hiring of offshore talent as part of the organisation’s global setup and to improve the business operations as one team together. The metrics are picking the right people, the right recruitment agency and the right partners,” said Zen Loh, regional business director, PERSOLKELLY.
“With these things in place an offshore team isn’t just a sustainable alternative to local hiring but a secret weapon in the jostle for business success.”
The business survey was conducted among 1,326 decision-makers who are responsible for hiring within their organisation.