We were contacted just after Christmas by a USA based client that had a team in Singapore covering several countries-notably China, Taiwan, Vietnam. The client was interested in having an employee in China, another in Vietnam. (We provide Employer of Record Services ( PEO services) globally -120+countries so clients can have staff in foreign countries without setting up legal entities).
While I was getting data from the client – number of employees, job title, salary, length of contract and so on, I asked her was it for business reasons – e.g. increased demand, the need to develop markets, etc. The answer was “yes I suppose so..but…”…
It turns out that the most immediate driver for the expansion of staffing was “Flight shame” (Flygskam in Swedish). Apparently, the staff in Singapore regularly fly to China, Vietnam, Philippines and the company is embarrassed about the number of flights, the effects on global warming, and critical staff and client comments. So their logic was that if they had employees in these countries the flights would decrease. The increase in staff demand is obviously excellent news for us as well as maybe for the planet.
Speaking more generally the increased pressure on companies to source local staff, to reduce air travel, and to reduce product air miles, should increase demand for medium level employees and perhaps decrease the number of “high flying” staff.