Recruitment Sector Insight

RECRUITMENT IS SPEARHEADING GLOBAL EXPANSION.

WRITTEN BY ANDREW FAHEY, CEO OF THE BRIARS GROUP

EVIDENCE The Future of Jobs Report 2023 by the World Economic Forum underscores the complex dynamics at play in the global labour market with organisations and educational institutions seeking talent from a broader pool, despite the challenges posed by the pandemic and subsequent economic uncertainties. • Global Staffing Industry Revenue: The global staffing industry reached a revenue of almost $650 billion in 2022, following two years of continuous growth.

BACKGROUND T he global recruitment landscape is undergoing a significant transformation, accentuated by the aftermath of the COVID-19 pandemic. Insights from various sectors indicate a notable shift towards digitalisation, increased reliance on international recruitment agents, and a strategic pivot towards more flexible, remote, and hybrid work models. These changes are not just reshaping recruitment processes but are also highlighting the growing importance of international talent mobility and the challenges associated with it.

RECRUITMENT SECTOR REACTION The recruitment sector’s pivot towards global expansion is a natural response to the evolving demands of the modern workforce and the globalisation of business operations. As companies increasingly recognise the value of tapping into diverse talent pools to drive innovation and growth, the need for recruitment agencies that can operate across borders becomes paramount. This globalisation trend in recruitment is further accelerated by technological advancements that enable seamless remote working, making it easier for organisations to integrate employees from various parts of the world into their operations. The digital transformation within the recruitment industry, exemplified by the adoption of AI and machine learning for tasks like resume screening and candidate matching, has effectively broken down geographical barriers, making it feasible for recruiters to source talent globally. The establishment of branches in countries all over the world by many recruiters is a strategic move to capitalise on local market knowledge while maintaining a global reach. This expansion is not just about filling positions but also about understanding cultural nuances, employment regulations, and market-specific demands that can significantly impact the recruitment process. By having a presence in multiple countries, recruitment agencies can offer their clients a competitive edge, providing access to a broader and more varied talent pool while ensuring compliance with local laws and customs. This global network allows for a more strategic and nuanced approach to talent acquisition, enabling recruiters to meet the increasingly complex and international needs of businesses today. HOW ARE WE HELPING? In response to these global recruitment dynamics, the Briars Group provides solutions that enable recruitment firms to navigate the complexities of international expansion and digital transformation effectively. By offering a seamless extension to clients’ service offerings through subscription-based outsourcing of corporate and people services such as HR, Accounting, Tax, and banking, Briars helps mitigate the challenges of building new relationships, adapting to new cultures, and managing overseas operations. Our approach not only addresses the immediate needs of a globalising recruitment sector but also positions our clients to thrive in a rapidly evolving marketplace