In 2016, the Singapore Brach of Talent Spot was founded, which aims to provides integrated HR solutions for the clients in Asian-Pacific region, including talent outsourcing, HR outsourcing, business outsourcing, high-end headhunting and recruiting outsourcing, etc. Its business will cover over ten countries and regions. This is a milestone in Talent Spot's internationalization and is the mark of deepened regional cooperation in Chinese HR outsourcing industry in the future.
Chary Zhu, the founder of Talent Spot, points out that, the deepened regional cooperation in Chinese HR outsourcing industry was driven by the "One Belt and One Road" strategy. According to the data of the Ministry of Commerce, in 2015, the service outsourcing contract amount related to countries of "One Belt, One Road" reached 17,830 million US dollars and the amount executed reached 12,150 million US dollars. The year-on-year growth rates are 42.6% and 23.4% respectively. "The effects of the One Belt and One Road strategy upon the outsourcing industry are becoming more and more obvious. As an important component in this industry, the HR outsourcing providers shall grasp the opportunity, go deep into related countries, accumulate cross-regional resource advantages and expand the business scope gradually." Chary Zhu further analyzes that the key of "grasp the opportunity" lies in the understanding of national conditions, investment environment and talents market conditions, etc. in related countries. Valuable services shall be provided for the business expansion of the customers based on company's primary fields; as to "expanding the business scope", potential opportunities shall be provided for the consumers based on the wide business coverage, and shall help more Chinese enterprises" walk out" and help more foreign enterprises "walk in" so as to follow the implementation of the global strategy of China.
Singapore is the first country in ASEAN that has signed free trade agreement with China. The Sino-Singapore economical corridor is an important part in the 21st Century Maritime Silk Road. "During the implementation of the ‘One Belt and One Road’ strategy, the significance of the economical and trade relationship between China and Singapore is evident. The cooperation of two countries in the political and cultural fields are increasing year by year. In the future, there is unlimited potential in the economical and trade cooperation. This is a great opportunity for many enterprises." As the leading HR solution provider in China, Talent Spot is always taking the development of the enterprises as the goal, to construct the focus and advantages of our services and to comprehend the difficulties and challenges the enterprises encounter during business development. "We are not only the partner of HR departments, but also the partner of enterprises."
This year, establishment of the Singapore branch will continue to exert the existing resources accumulation and talents storage advantages of Talent Spot, and it will also provide good opportunities to improve the breadth and depth of the service provided. "The Singapore Branch will become a window of Talent Spot to serve the foreign clients and an important station that Talent Spot helps the Chinese enterprises to carry out overseas business. When any enterprises want to carry out business in a different place, we could become the local supporting team that provide integrated solutions for the enterprises, including talent recruiting, talent outsourcing and renting, placement of existing teams of the customers, finance, IT and administration. We could help enterprise to enter into a strange market quickly and avoid the risks."
Chary Zhu also points out that Singapore has export-oriented economy and good investment environment. "Singapore has an excellent geographical position with perfected infrastructure and highly optimized industrial structure, which has much attraction to business organizations. Talent Spot could explore the path for any business organization that intends to carry out business in Singapore, even in the world."