Recruitment Agencies Offshore: Catalysts of Talent Globalization
Today, with the ever-changing job market being competitive and interlinked across geographies, talent sourcing does not limit its horizon to geographical boundaries. It goes beyond just hiring from within the local catchment area as companies seek diversified skills from a global perspective. This change has given way to the offshoring of recruitment agencies becoming the enabler of talent globalization. This article discusses how the role of offshore recruitment agencies is changing and how these are changing workforce dynamics in the global economy. History of Offshore Recruitment Agencies 1. Development and Growth They directly result from the growth in demand for foreign talent, forming offshore recruitment agencies as a response. These firms were mainly in the fields of IT and engineering but soon branched into healthcare, finance, and manufacturing, among others, servicing businesses of every size. 2. Strategic Significance Recruitment agencies offshore don’t recruit but act...