Impact sourcing is a process where jobs or tasks are outsourced to areas where there are less available employment opportunities. It’s not drastically different from other forms of outsourcing, but it’s done with the intention of corporate social responsibility (or CSR) rather than with the goal of minimizing costs and maximizing profits. Impact sourcing has many benefits for youth all over the world!
Not only does it employ a trained talent pool in skills that will be useful in the future, it also benefits the companies themselves by retaining employees and improving engagement. These global partnerships offer an opportunity for young people in remote areas or in economies with limited growth to get on the ladder to self-sufficiency, professional skill development, and generating higher incomes.
Check out a few of the key players in the space below:
To sum it up, it’s low cost, employs a large and often untapped talent pool, and offers direct and sustainable social impact through communities. In other words, it’s a good place to start your research if you’re wondering how to enter the tech field, but don’t know about the opportunities available to you.