It is becoming more and more difficult to find the “best fit” talent that is needed to fill important and highly specialized roles. In order to adapt to this new challenge, many organizations are turning to the untapped talent pools that lie in global markets. This strategy provides an opportunity for companies to benefit from international economic and population growth while simultaneously strengthening their global brand. In order to explore international labor markets, companies must first consult global labor market data.
To fulfill this need, PeopleScout has partnered with HRO Today Magazine to produce quarterly reports that compile current international labor market figures, including measures like national GDP (Gross Domestic Product) and unemployment rates over time, from countries across the globe. Such measures reveal critical information about the state of the talent pool, working conditions, and recruitment needs of various countries and regions. This data is essential in predicting fruitful locations for expansion and recruitment, thereby allowing multinational companies to stay competitive in talent acquisition.