Asia Pacific's (APAC) statistics are impressive. The region is home to more than 60% of the world population and includes three of the ten largest global economies, two of which (India and China) are the fastest-growing large economies on the planet.
As APAC has grown, so has the demand for talent and, consequently, workforce management solutions continue to evolve. According to Everest Group research, APAC currently accounts for between 10 and 15% of the global talent acquisition services market and is the world's fastest-growing region. The size of the APAC market is expected to reach $890 million by 2018, up from $504 million in 2015.
Multi-country activity is already common in the region, with 45% of Recruitment Process Outsourcing (RPO)
for permanent hiring and 48% of Managed Service Provider (MSP)
programs for contractor hiring currently operating across borders. As the talent acquisition outsourced services market continues to grow, so too will the number of programs that cover more than one country.
How to successfully roll out a workforce management solution across borders
Successfully rolling out a workforce management solution across borders can be challenging, especially in APAC, where the legal climate and cultural nuances surrounding recruitment and employment vary significantly from country to country. For example, outsourcing is commonplace in Australia, but is treated with caution in Japan, with tight legal restrictions on third-party activity.
To help you navigate APAC's diverse talent environment, we will draw on Allegis Global Solutions' (AGS) 20-plus years of experience in the region to produce a guide to its major markets.
For the remainder of 2016 and into 2017, we will produce blogs on each of the countries below, looking at the unique talent landscape in each and obstacles that will need to be overcome to implement an RPO solution successfully:
While you wait for the first installment in the series, why not download our whitepaper on how to overcome the challenges associated with globally outsourcing workforce management solutions
Posted 11/14/2016 By Kristy Sidlar
Kristy Sidlar has more than 20 years of experience in the talent acquisition and recruitment industry, with ten of those years in Recruitment Process Outsourcing and Managed Services Provider. In her current role as Managing Director of Business Development for...
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