Mastering Talent Acquisition in 2024: The Rising Trend of Outsourcing to Recruitment Specialists in Asia

05/01/2024

Now that the holiday season is over, your company is heavily considering outsourcing in 2024. Awesome!

In this case, you should be heading to the fertile ground of Asia, where outsourcing is vast and green. The region has some of the major countries that offer top-notch services at just a fraction of what you would’ve paid a local in-house talent.

Just how good is the business outsourcing industry in the area?

We’re talking about a market revenue projection of around $86.09 billion in 2024 and an annual growth rate of 5.68%, reaching a market volume of $107.40 billion by 2028.

This must be one of the many reasons why large-scale companies like Google and Nike choose Asian outsourcing over the rest of the world.

In this article, we’ll explore the perks of contracting out in Asia and why you need a reputable recruitment agency to uncover the weight in gold in supporting your outsourcing venture.

Let’s dive in. 

Asia: A Global Outsourcing Destination

Why do Asian countries experience massive growth in business outsourcing?

Simple: Asia has a wide, talented, English-speaking labour pool with a very low labour cost.

For instance, in the Philippines, the average minimum wage all over the country is a mere $6.22 per day. Compare that to the minimum wage in the United States in the same year, which comes out at $7.25 per hour.

But beyond that, Asian governments make it even more attractive by investing in infrastructure that supports the growing outsourcing market.

Why Companies (Particularly Western) Benefit from Outsourcing in Asia

For Western companies, outsourcing talents to Asia is efficient and pragmatic. Four of the best outsourcing features that Asian countries offer that the rest of the world does not are low-cost economies, time zone differences, multilingual agents, and large market potential.

Asia is a major outsourcing hub where English is spoken widely and fluently. This means you get to access a well-educated, multilingual workforce.

And since the cost of living in Asia is dramatically lower than in the US, you can savour high-quality service while staying economical. By turning the fixed cost into a variable, you have extra finances to fund critical projects like expanding the business into a new market.

The final dealbreaker is the time zone difference, which allows you round-the-clock coverage without paying extra. You can assign work to your remote team, leave the office at 5, and expect that assignment in your email the next morning.

Top Industries to Assign Your Outsourcing Efforts

Planning to outsource anytime soon?

Here are the top industries that typically outsource to recruitment agencies in Asia.

Customer Service

Since Asia thrives on the other side of the world, it has become insanely common for US-based firms to outsource their customer service functions in the region, specifically in call centres. Countries like the Philippines and India provide 24/7 low-cost customer support, which you can’t find anywhere else.

IT

In Asia, information technology is thoroughly developed, dominating the market with a projected revenue of $304.70 billion by 2024. The reason? Many Asian countries offer both low-cost services and highly skilled candidates.

Social Media

Love it or hate it, social media outsourcing ensures robust online presence and engagement, resulting in customer trust and brand loyalty. Like the IT services market, several Asian locations, like Singapore, combine top-notch skills with cost-effective prices.

Why Choose a Recruitment Specialist for Your Management Consulting Recruitment Success in Asia?

The good news is that you don’t have to navigate the changing landscape of talent acquisition in Asia alone. You can work with a trustworthy international recruitment agency like Consulting Positions to guide you in this outsourcing journey.

What’s in it for you if you seek an expert’s advice?

Branding

As your recruiter, we know the reasons why your company is the place to be—from the opportunities down to the working environment. Free branding is one of the factors that will attract skilled prospects to accept a job, and it is one that a recruitment agency can put forward.

Efficiency

Recruiting a skilled employee is not a walk in the park; the steps are numerous and extremely tedious. Saving your most precious resource, time, is one of the gifts of working with a recruitment agency. This increases the efficiency of the company, which will ultimately save you money in the long term.

Expertise

At times, you need expertise for a very specific job that none of your in-house team has. Using a recruitment agency gives you a wide network to call upon, recognising the key players in every market, and only the candidates who are best fitted for the job will be shortlisted for your more targeted recruiting needs. 

Choosing Consulting Positions as Your Partner!

Don’t tackle outsourcing alone; it’s time-consuming. As the captain of the ship, you should focus your time and energy on the core tasks of your business and let a recruiting expert handle adding a new name tag in the office.

When it comes to cultivating innovative and informed solutions, a recruiting partner can adapt specifications tailored to fit the specific needs of your business.

Here at Consulting Positions, with the help of our sophisticated profiling system, we will find you the right talent for the job.

Don’t delay and book a consultation today!