Did you know that U.S. employers are more open to having a fully remote team? According to the Global Monster report, 53% of companies allow their employees to work from home.
But that doesn’t mean it’s totally true, right? Lately, we’ve seen in the news and on social media that there is an employment crisis in the United States. Many have lost their jobs and companies are looking for better talent and a way to economize their hiring.
Nowadays, it is common for companies to adopt various strategies, such as nearshoring, to expand their business globally and establish a strong presence in different nearby countries. In this post, we will talk about how you can easily hire international candidates with us, the intangibles!
You might also like: Guide To Contracting In Mexico And Not To Fail In The Attempt
What is Global Sourcing?
Global sourcing is the practice of hiring talent from around the world to work within a company. With global sourcing, organizations aim to attract and retain qualified individuals regardless of location, creating diverse and multicultural teams.
This recruitment strategy is becoming more popular due to technological advancements that allow remote working and cross-border collaboration. Global sourcing enables businesses to access a broader talent pool, including people with specialized skills and knowledge that may need to be more readily available in their local labor markets.
The True Challenge
The ability to recruit talent from around the world has never been more crucial than in today’s increasingly interconnected world.
As telecommuting and virtual communication become the norm, companies can now access a larger pool of talent to meet their demands. However, global employment can pose challenges, such as adapting to diverse cultures, languages, and schedules.
And yes, there is a way to get talent in another part of the world without spending millions. That’s why I’m introducing you to the topic of Nearshoring Staffing. This concept is still rare, but let me tell you that it has been in use for a long time. Many companies in the United States and Europe are doing it, which benefits everyone.
Mexico’s manufacturing-based economy, free trade pacts, including the Mexico-Canada Agreement, and proximity to the United States are some of its attractions for investors.
According to Anthony Harrup, in the article he wrote for Wall Street on the Nearshoring trend in Mexico, the labor shortage in the U.S. also plays a role, as I mentioned at the beginning of this article. However, this concept stems from wanting to source human capital from China or other parts of Asia and make labor cheaper.
Nearshoring in Mexico
The effects of the pandemic were devastating for many reasons, so there was a disruption in the supply chain. There were vulnerabilities in different supply chains between China and the United States.
What has happened? The world has turned its attention to Mexico and other Latin American countries. Remote work is real and has come to stay.
Unfortunately, conditions such as inflation and low salaries will remain the same in Mexico for many years to come, and what young people (or most people) are looking for now are opportunities with better benefits and competitive salaries.
The Mexican government claims that more than 400 companies have shown interest in moving their production from Asia to Mexico. This means that in Mexico there is talent and skilled people to do a good job.
But what about Nearshoring Staffing? Companies that want to conduct their business elsewhere to cut costs used to do so by hiring a team in China or India. Now, the situation has changed, and there is more openness in the market and Mexican talent.
Now, it is much easier to have your team well-established in Mexico, and in the next part, I will explain the benefits.
Benefits Of Global Hiring
Undoubtedly, hiring talent from another country can be a controversial or uncertain subject. However, many companies do it and find it beneficial. Here are the main advantages that should encourage you to consider this option:
Firstly, let’s talk about costs. This is one of the main reasons why many companies look for work teams or labor in another country. This is not necessarily a bad thing. On the contrary, it benefits both the talent and the company. Simply put, your operating costs decrease, and your productivity increases.
Another important point is proximity and communication. Having a remote team close to the U.S. means similar schedules and cultures.
Next, better quality (in all aspects). You will find that your team performs better. The answer is simple – in Mexico, for example, the work environment can be better. And being in a different work environment, with better benefits and aspirations, can make a big difference.
In this part, I would like to talk about the difference between Nearshoring and hiring Freelancers. The latter concept of Freelancers is also booming, and we see more and more people doing it.
It’s important to note that in Freelancing, you are not going to find a team with the qualities you would like. Finding a freelancer is suitable for small or short-term jobs, but not for larger projects.
Then, Why Choose A Nearshoring Partner?
Let me tell you a little bit; at Intangibles Talent, you can enjoy the benefits I told you about a moment ago. We are an agency dedicated to finding talented, professional, and analytical people to create your dream team.
We take care of all the tedious work of testing and hiring. But what makes us better than the rest? We can offer our talents the security and benefit protection they can have at home, earning competitive salaries and the possibility to grow.
We take care of the hiring process and provide them with everything they need (work equipment and infrastructure) to do their job.
Think of it this way, we take care of supervising that your team is in the best conditions and with the necessary material to develop their work.
If you have read this far and still need clarification on whether hiring a team outside your country is good. Here are three advantages that no one has told you about yet:
Knowledge is not everything; we find people who are human, strong, and resilient.
Your success is our success. Since you are the director, we are ready to support and implement all the processes you need.
Whatever you have in mind, we can make it happen.
Discover our nearshoring services, and finding the perfect outsourcing partner is easier than you think.