When most people think of labour arbitrage, they picture companies in developed nations like the UK or the US outsourcing certain business operations, such as production or call centres, to less-developed nations where wages are cheaper. However, broader definitions of the term include various corporate policies that result in lower labour costs. Read more about Labour Arbitrage:
Blog: Access to Talent
Companies continue to cut costs and it is still unknown how the global economy will perform in the coming years due to Covid-19. A way to save labour costs but still access skills is via talent arbitrage. Connor Heaney explains why large organisations should be looking at talent arbitrage as part of their strategy going forward.