Daily Markup

Daily Markup #837: Glints sees rise in ‘borderless mindset’ for talents, more companies hiring in Southeast Asia

September 25, 2023 · 2 min read
Photo credit: Glints

Talent without boundaries

  • “Companies are increasingly shifting to a borderless mindset in which they scout for talent outside their headquarters,” – Oswald Yeo, co-founder and CEO of Glints.
  • 500-backed job discovery company Glints has reaped the benefits of this trend, recording US$33.4 million in its 2022 financial year, an 85% increase from 2021.
  • Glints shares that this comes from strong demand for cross-border hires from firms in Singapore, Hong Kong, Japan, and China as a result of several factors, including talent scarcity, high costs, and belt-tightening measures. 
  • There’s also a growing trend for companies to build regionally distributed teams that complement the core, particularly developers from Indonesia and Vietnam, as well as customer support and back-end teams from the Philippines.
  • Hong Kong employers have also taken a greater interest in hiring talent from Southeast Asia and Taiwan. Chinese firms, meanwhile, have been hiring in Southeast Asia as they expand their businesses into the region.
  • These trends have helped the company record a 110% surge in gross profits to US$11.3 million, and operational profitability in Indonesia and Vietnam. 
  • Glints is also investing in R&D, their talent platform, and market expansion in Australia, Japan, and China to meet this cross border demand.
  • Read the full feature on Tech In Asia here.
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