What is an 'Impact Assessment'?

An 'Impact Assessment' refers to an evaluation process designed to consider the potential effects that a particular action or decision might have, particularly in the context of employing overseas workers. This assessment helps organizations understand various implications, including socioeconomic impacts, legal considerations, and the overall workforce dynamics that could arise from hiring individuals from outside the local labor market.

Conducting an Impact Assessment involves analyzing factors such as the potential benefits and challenges of integrating overseas employees into the workforce, how this might affect local employment opportunities, and compliance with relevant immigration and labor laws. By focusing on these aspects, organizations can make informed decisions that align with both their operational goals and their obligations to the community.

In contrast, the other choices focus on different areas of evaluation that do not encompass the broad implications related to overseas employment. Evaluating employee performance deals specifically with assessing individual contributions within the organization, while assessing local workforce skills focuses more on the existing capabilities of the local talent pool. Analyzing organizational structure pertains to how a company is organized rather than its impact on external labor markets.