The way we used to think how a perfect workforce would be formed is no more the same with the global talent economy model emerging, compelling businesses to rethink, reconsider, and reshift their hiring and retention processes. Till now, businesses knew what roles they would need to fill and where and how they could find the talent to fill those talent requirements. The employees used to come to the company building in the morning and leave at the end of the day, where the business owners and managers could see and interact with each other. 

Things are changing now. More businesses and talents are shifting from traditional full-time jobs to more flexible freelancing and contract jobs or hybrid forms, allowing the workforce to work from anywhere and businesses to source talent from anywhere on the globe. In the following sections of this blog, we will discuss what is open talent economy and what are its benefits for businesses in embracing this model - an evolving hiring model that enables open talent sourcing practices.