Wednesday 6th March, 2013
2:45pm to 3:45pm
The easiest way to optimize the talent pool is through workforce rationalization and leveraging global talent pool.
Recent studies point to the fact that US Tier II locations are cheaper than some of the Tier I locations in developing regions. This means that US probably has more to offer than what is currently being leveraged. Also, with recent announcements in terms of General Motors insourcing it’s IT and companies setting up their R&D operations, and call centers moving back to Tier II / III US locations – it sounds like a resurgence of US as a services destination.
EMEA and Sub-Sahara regions are known for their multi-lingual capabilities and growing number of IT and shared services centers of large Multi-National Companies in these regions is a testimony to the fact that this region is emerging as the a hub for services needs of continental Europe.
APAC has over the last decade established itself as the hub for specialized R&D, IT and Engineering services. Taiwan has emerged as a hub for Hi-Tech industry especially in the manufacturing space; India has established itself as the leader in services space and Philippines is today the world’s call center.
Each of these locations has been in the news for right reasons!
Also there are other issues which make us wonder if these locations are overrated? For example, though the US Tier II location is attractive from a cost point, scalability seems to be an issue, the political stability in the EMEA region continues to be a cause of concern for companies, and APAC seems to be losing its cost arbitrage advantage and some of the operational issues like attrition have reached a state where it is next to impossible to sustain operations.
What will the future of global talent map?
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