Beyond Borders: Sourcing Skilled Workers in a Globalized Market

Abstract

This chapter explores the growing importance of global sourcing for skilled workers in the face of a global labor shortage. It highlights the benefits of global sourcing, such as access to a wider talent pool, cost reduction, and increased productivity. However, the chapter also acknowledges the challenges associated with global sourcing, including legal and cultural complexities, communication barriers, and ethical considerations. The chapter examines how companies can navigate these challenges through effective strategies. The chapter concludes by showcasing successful global sourcing practices in different industries through case studies of companies like Infosys, Nike, Pfizer, and General Motors. It emphasizes the importance of strategic planning, cultural awareness, and technology integration for businesses to thrive in the global marketplace.