For years, US-based companies have been utilizing the Business Process Outsourcing (BPO) model to get external human capital from different countries quickly and easily.
As an employer, you have the freedom to choose among the endless global talent engagement options available in today’s competitive labor market. Of course, you can always go with the cheapest approach if your goal is the save cost—much like most of the companies that outsource talent. But you never really know what potential risks may come up in the future.
Experts and major financial institutions are predicting a long-lasting recession sooner than we think. If we take a look at Bloomberg’s probability model, the most recent forecast hits a 100% probability with the 12-month estimation of a downturn by October next year.
Being in business for years, I’ve learned that crises are inevitable in any venture. Challenges such as economic downturns, competition in the labor market, mass resignations, and even global health emergencies can take a toll on your business when you’re not expecting it.
Being in business for years, I’ve learned that crises are inevitable in any venture. Challenges such as economic downturns, competition in the labor market, mass resignations, and even global health emergencies can take a toll on your business when you’re not expecting it.
