Boosting your business by hiring remotely

Whereas before the COVID-19 pandemic you could be forgiven for thinking remote work was a distant possibility, to ignore its prevalence now would be naive. It has become a reality for many companies in the tech and IT industry, which has seen a sharp increase in hybrid work models that cater to employees who work from home.

Even though the trend of remote work was starting to pick up before the world was turned upside down, it has now been forced upon a lot of businesses, many of whom weren’t equipped for this change.

To avoid becoming another business that goes under as a result of a failure to adapt to changing times, we strongly recommend that you adopt a remote hiring strategy going forward. That way, you can snap up the best talent in the tech industry, limited though it may be, and push forward to new heights.

Why Remote Work is the Future

It won’t surprise you to learn that remote work really kicked into gear following the COVID-19 outbreak in early 2020. In fact, according to a recent worldwide study carried out by Statista, 56% of workers had only been working remotely for less than a year.

What was once a luxury for workers has now become the norm, and this doesn’t just apply to the tech and IT industry. However, this is an industry that has likely been most impacted, due to the nature of the work. If 100% of the work can be done using a personal computer, then why not reduce overhead costs and encourage remote work throughout your organization?

Of course, there are issues with the remote work model.

The primary obstacle for many companies is that employees might not be equipped with everything they need to kickstart their careers from home. Turning a traditional 9-5 workplace into a digital hub isn’t an easy transition for everyone to make, which begs the question, how do you fill open vacancies while also offering the remote or hybrid work model?

To answer this, we’d invite you to expand your horizons, and rather than looking internally within the organization avert your attention to external sources.

The Benefits of Offshore Teams 

If you’re not familiar with offshoring, it’s all about hiring teams from abroad to streamline the hiring process easier and save company resources.

You could stand to gain a lot from looking abroad to fill open positions. 

Here are some of the most compelling reasons to consider hiring remote offshore teams to plug gaps in your company:

Fill Talent Gaps

The tech talent you’re looking for might not always be available domestically, especially considering that we’re in the midst of an IT talent shortage that’s been looming for several years now.

Plus, the tech talent that does exist within the US can command high salaries for this exact reason.

So how can offshoring help?

By focusing your sights on foreign talent markets, you can secure top talent with reasonable salaries, so it’s a win-win scenario.

Boost Profits 

What’s one of the best reasons to consider offshoring?

To improve your company’s bottom line.

As we just mentioned, by searching for talent abroad you can save money on lower salaries. 

The other profit-boosting benefit comes with working with an offshore partner. When you work with an offshore team, they will usually take care of most of the costs you’d typically associate with the hiring process so you can save money on that front too.

Scale

Scaling your business is no easy feat.

It becomes more complicated the more employees you take on and can take much longer than you initially anticipated.

However, with offshoring, you keep costs down which should free up funds to roll out the next stage of your expansion plan.

Another key benefit offshoring provides for scaling is how quickly you can onboard new employees, which accelerates the process and makes it easy to expand your business to new shores.

Perhaps best of all, you won’t have to assume any extra admin tasks, since your offshore partner will do the heavy lifting on your behalf.

Expand Your Horizons

Even with access to offshore talent in the global talent market, the solution to your hiring issues may be closer than you think. 

What if the answer was in a neighboring country rather than another continent?

Hiring a nearshore team based in a nearby country can be advantageous for a host of reasons. First, there’s timezone compatibility, which means that the domestic workforce won’t need to bend over backward to maintain communication with new employees from distant countries.

There are also cultural similarities to consider since there’s far less risk of encountering cultural clashes when your remote teams are based in a neighboring country.

For US-based tech companies, it isn’t uncommon to look north of the border to Canada or even to Latin America for establishing a talented nearshore team. Here are some of the main reasons why the latter has become such a popular choice for nearshore hiring:

Why Latin America?

Latin America has emerged as a hotbed of tech talent in recent years, with several big tech startups making it out of the region. 

The main reasons for the popularity of the region for nearshore hires include widespread access to the internet, growth in eCommerce, and the prevalence of urban life.

Whereas in the past, Latin America was a region with low internet connectivity, these days it’s estimated that around 73% of the population can access the internet. As such, there’s been a rise in digital opportunities and many South American citizens are technologically literate and picking up a number of useful digital skills.

In tandem with the rising numbers of people with access to the internet, Latin America also now has the infrastructure to allow this. City life is becoming more and more popular in the region, which means more workers have the tools they need to work remotely and on board with tech companies.