Hire Talent In South-East Asia Before Your Competitor

Introduction

The COVID-19 pandemic has caused a paradigm shift in the daily work life of all employers and employees across the globe. You also must have had your fair share of video and audio calls. You must have also invested in getting an ergonomic home office setup, and you might be choosing not to wear business clothes at home.

A research study conducted by PwC has suggested that in the post-COVID-19 era, executives across industries expect approximately 89% of the employees to work remotely at least once a week. This data depicts that managing a remote team will become the new normal. It also goes to suggest that your hiring strategy has to change going forward.

The future of work is here. The COVID-19 pandemic has caused international borders to blur out and has provided a path for growth for both employers and employees. The talent you pool in for your tech startups or organizations can now come from every corner of the world.

Hence, moving forward, your tech talent of android developers and other software developers can work with you from a different corner of the world and still produce excellent results.

Hiring Global Talent

Have you ever wondered why you have not ventured out to hire talent from across the globe? For many tech startups and organizations, the challenge has been to set up an entity in regions they want to hire from. It has put a dampener on the talent sourcing plans of many.

There is an extensive pool of tech talent globally, including android developers and software engineers, which can be the right fit for your organization but are located remotely.

The Employer of Record (EOR) model resolves this issue efficiently. Today we are in the era of global talent; growth and expansion are not just limited to diversifying your investments or increasing your market share. It has extended towards hiring talent from across the globe that best suits your needs and requirements. The only question now that remains to be answered is: Where do you search for a rich talent pool?

South-East Asia: The Best Place to Acquire Young, Dynamic, and Entrepreneurial Talent

One of the major priorities for your organization can certainly be building a talent pool that will assist you in gaining an edge over your competitors. And one of the world’s largest concentrations of dynamic and talented individuals is situated in South-East Asia.

As per a research study put forth by the International Monetary Fund (IMF), a large portion of the talent pool in South-East Asia is below 30 years, and their lives are driven by technology.

South-East Asian countries such as the Philippines, Thailand, and Vietnam have technology incorporated into their lives, from education to work. Young generations in these countries interact with their smartphones so much that they are known as “the most engaged smartphone internet users in the world.”

Today’s young and dynamic generations know at their fingertips and expect the same kind of flexibility when it comes to their career and workplaces. The World Economic Forum (WEF) recently surveyed 56,000 young people in the region of South-East Asia. The study suggests that a majority of the people in South-East Asia change their jobs to acquire new skills and have a desire to earn high salaries.

As per the WEF, 31% of the talent in South-East Asia have an entrepreneurial mindset and work for tech startups. Moreover, 33% of the young people from countries such as the Philippines, Vietnam, and Thailand wish to see themselves in an entrepreneurial setting a couple of years down the line.

Are you ready to harness the power of this extensive pool of talent and employ it to grow your organization?

Ready To Power Your Business with A Highly Educated Young Population?

The South-East Asian region has a talent pool spanning over ten nations that consists of 12 million students spread across 6,500 higher education institutions. The Philippines alone generates more than 135,000 engineering and information technology graduates every year. The same for Vietnam is around 85,000.

Higher education is of high significance; however, soft skills play a vital role in today’s corporate world. And South-East Asian people are well aware of this fact. As per a research study conducted by the World Economic Forum, the people from this region give priority to developing their adaptability, resilience, and emotional intelligence, among others.

Budding tech startups have already begun to tap into this market of the diversified talent pool. In Singapore, more than 150 venture capital funds have risen within the last four years. In this short duration, the country has attracted funding of USD 17.69 billion and has fostered unicorns in the startup world such as Grab, GoJek, and Lazada.

Some of the largest firms in the world have taken notice of the highly qualified and emotionally intelligent talent pool in the South-East Asian region. Oracle, Microsoft, and L’Oreal are some of the large companies which have initiated accelerator and incubator programs in Singapore. IT giant, Hewlett Packard, has recently announced the setting up of 20 technology hubs in the region of South-East Asia by the closing of 2020. The company has taken this step to provide opportunities to deserving individuals.

You might find yourself wondering how your organization can gain access to this vast pool of talent in South-East Asia?

By now, you must be well aware that setting up a local legal entity is a tedious and expensive process, which eventually might not even be fruitful.

While you require access to the bustling market of talent, at the same time, you want to avoid unnecessary logistics and expenses. An appropriate Employer of Record (EOR) can help you achieve this seamlessly.

Set Up an International and Diverse Team In a Matter of Days with an Employer of Record (EOR)

If you avail the competitive advantage provided by an Employer of Record, you will never have to decline from the top talent that cannot relocate.

With an EOR, your organization can hire talent across geographies and at the same time avoid the hassle of understanding payroll issues, currency exchanges, benefits, taxes, and corporate laws, among others.

You can seamlessly hire talent with an EOR from tech startups in South-East Asian countries such as the Philippines, Vietnam, and Thailand, among others. An EOR provides you with industry experts and consolidated dashboards that take the burden of hiring and onboarding off your plate. It includes setting up employee’s benefits, taking care of income tax issues, producing expense reports, and simplifying the payroll process, etc. Hence, you can easily procure top tech talents such as android developers, software engineers, and others for your organization.

Conclusion

An Employer of Record significantly ramps up the speed of your time to market, irrespective of the region you are considering to work in. With the burden of onboarding top talent from across the globe off your plate, you can now focus on imbibing a culture that retains and attracts top talent in your organization.

Are you geared up to tap into these vast pools of talent and find the best people to work for your organization? Then start your journey today by availing of the benefits and advantages offered by EOR. Expand your horizons with a global EOR like Skuad and help your organization scale to new heights of success.