Final answer:
The primary reason why organizations look overseas to hire talent is Cost Savings, enabled by the globalization of business operations through practices such as outsourcing and offshoring to access cheaper labor markets.
Step-by-step explanation:
Among the possible reasons why more organizations are looking overseas to hire talented people, the answer most aligned with the context provided is c) Cost Savings. Globalization has allowed for more fluid cross-border business operations, enabling companies to seek financial efficiency through outsourcing and offshoring. Outsourcing is hiring an external firm to perform tasks that were previously handled internally, which can often be done at lower costs abroad. Offshoring involves relocating a company's own operations to foreign countries to benefit from cheaper labor markets. Trends in globalization and trade agreements such as NAFTA have augmented the feasibility of these practices, allowing for significant cost reductions while accessing a global talent pool.
Multinational corporations often find that outsourcing and offshoring can lead to considerable cost savings, especially when compared to the high cost of living and resultant wages in developed countries. Furthermore, these companies provide competitive wages in developing countries, which are often higher than what local businesses can offer, attracting a skilled workforce. This strategic move is underpinned by economic incentives and the pursuit of reduced operational costs.