Economic challenges are driving businesses to rethink how they hire and manage their teams. Rising expenses, talent shortages, and office space costs are leading to fresh ideas. BruntWork, a top outsourcing company, offers a new model that fits today’s work environment.
The Great Employment Change
Many experts describe the global economy as experiencing the most significant transformation in traditional employment. This change fundamentally alters how businesses function and accomplish work.
Recent data from the U.S. Bureau of Labor Statistics shows that the unemployment rate in the United States held steady at 4.1% in October 2024, matching the three-month low from the previous month. While this number appears stable, it hides greater changes in the labor market that are transforming employment.
Winston Ong, CEO of BruntWork, says, “We’re witnessing the largest transformation in traditional employment ever. Companies are finding that the old way of hiring local workers and keeping large office spaces isn’t sustainable anymore.”
The Remote Work Boom
The COVID-19 pandemic sped up an already growing trend: the move toward remote work. What many businesses once doubted has proven to be effective and often better. About 14% of the U.S. workforce—around 22 million people—work fully remotely.
This has dramatically impacted the commercial real estate market. Office costs, already a major expense, are becoming more challenging to manage. Companies are considering the need for large, centralized offices when their teams can work well from different locations.
Remote work also opens up new opportunities for hiring talent. Businesses aren’t limited by geographic locations when searching for skilled employees. This global talent pool allows companies to find specialized skills that might be rare in their local areas.
Addressing Skills Shortages with Global Talent
One major issue businesses face is the lack of skilled workers in critical sectors. Industries like technology and healthcare need help finding qualified people for crucial roles. This gap slows growth and increases labor costs as companies compete for a small talent pool.
The Conference Board Employment Trends Index™ (ETI) fell to 108.48 in September 2024, showing a slowing labor market. Along with the skills shortage, businesses are exploring different staffing solutions.
BruntWork offers a solution by accessing global talent markets. Ong explains, “We’ve built a network of highly skilled professionals in multiple countries. This lets us connect businesses with the exact talent they need, often at lower costs than hiring locally.”
BruntWork’s Strategy
BruntWork stands out by reassessing the employment model. The company’s strategy tackles the various challenges businesses face today.
BruntWork’s outsourcing model gives companies access to a global talent pool, lowering labor costs without compromising quality. Utilizing time zone differences, businesses can extend their working hours, offering round-the-clock service without expensive shift premiums.
Its remote-first plan removes the need for costly office spaces, allowing businesses to invest those funds into core operations or growth projects. This model also offers flexibility, letting companies quickly adjust their workforce based on market needs.
“Our clients save up to 70% compared to local hiring,” Ong says. “We provide access to talent unavailable in many local markets.”
What’s Next for Work
This new work model can create global opportunities. Workers in developing countries can secure high-quality jobs with international firms, while businesses can tap into a truly worldwide talent pool.
However, this transformation comes with its own set of challenges. Companies must carefully manage data security, cultural differences, and regulatory compliance. BruntWork has invested heavily in developing systems and processes to handle these issues, making it a trusted partner for businesses exploring this new method.
Companies like BruntWork are leading the way as traditional employment continues to change. Offering advanced solutions helps create a new work world that is more flexible, efficient, and globally connected than ever before.
