Outsourcing has been growing at an annual rate of over 20% in the past 5 years according to industry research firms. Players in the global outsourcing industry require robust HR and recruiting programs to serve as a foundation for this rapid growth. The strongest players build their companies by recruiting talent from the industry and hiring new graduates from leading universities and academic institutions in the Global Market. To ensure a diversified resource pool, they also source qualified applicants from India, Japan, North America, and Europe through international recruiting agencies. In addition, they will encourage and reward employee referrals to ensure qualified candidates are found rapidly. At the more successful companies, as much as 10% or more of new hires can come through referrals.
Internship programs at top universities in the Philippines and various on-campus training activities are needed to raise the profile of leading companies and give them a competitive edge in recruiting the best resources. When performing due diligence on Philippines-based IT Outsourcing Company, it is important to understand how their talent pool is sourced, and how rapid resources can be added.
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