News: War for talent acquisition blurs boundaries

#Updates

War for talent acquisition blurs boundaries

While hiring from the tier-II and -III towns in India is a common practice for cost conscious Indian IT firms, some of these companies have begun to scout for alternative inexpensive hiring pools even in the international markets. For instance, Wipro, whose UK office also has employees from around the continent, bears the cost of travel and also ties up with service apartments to house them. As part of its hunt for talent, the company aggressively scouts for French-speaking employees from Angola and Middle East for its base in France. For its Singapore office, Indonesia, Thailand and Malaysia are sourcing hubs. The trigger has been fuelled by favorable visa regulations and strong infrastructure for mobility.

Wipro is not alone in adopting such practices. Its Bangalore-based rival Infosys too has employees trooping in from across borders for its BPO arm. However, some firms such as iGate-Patni prefer hiring only locally. In case of talent shortages, it would rather have team members from India parachuted in.

According to experts, besides helping bridge talent shortages, such practices also help companies maintain a tight leash on costs.

 Source: The Economic Times

 

Topics: #Updates, #Jobs, Talent Acquisition

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