Adapting to current challenges and market demands has created a catalyst for innovation and increased reliance on technology. This has also seen agile businesses look at alternative engagement and employment strategies.
Current trends of remote work, the wider gig economy and an increased utilisation of a contingent workforce means traditional employment practices have been supplemented with a more agile labour force in today’s ever-changing landscape. In fact, today’s fluctuating financial market has seen 32% of organisations replace full-time employees with contingent workers in 2020 and 2021.
Businesses are seeking best in class methodologies such as EPG’s Employer of Record (EOR) model, which allows for increased flexibility and reduced costs. It also opens the possibility for employers to easily engage international talent based on imminent business needs and ongoing strategic goals.
International and local businesses have long been able to benefit from international talent pools for specific skills and despite restricted travel, visa delays and temporarily closed borders, the advantages of tapping into overseas skilled talent should not be overlooked. With remote working now part of the new norm, in-country labour licences and outsourced employment are proving a fast fix solution.