The COVID-19 pandemic has turned everything we knew upside down. It has given rise to a new perspective on existing business strategies and has led to the concept of nearshoring. This has provided a new opportunity for Mexico, which has a strategic location close to the United States and Canada. It is an excellent option for companies looking to offshore their operations by contracting in Mexico.
Currently, technology allows for the possibility of remote work, and even for the addition of talent from anywhere in the world. This can be done with a simple click, without requiring significant financial investment or physical travel. Remote hiring allows companies to locate talent from any city, state, or country, without posing any risk. On the contrary, this approach adds many positive qualities to the company.
According to a study conducted by Education First, Get On Board. It indicates that companies with multicultural teams grow around 42% more since their international experience has greater weight in their business relationships. If you are planning to take the next step in your company contracting in Mexico, we will talk about the nearshoring services you can find in Mexico.
You might also like: Soft Landing In Mexico: Your Ultimate Nearshoring Guide
Why Nearshoring in Mexico?
Nearshoring is establishing production and service operations in geographically close countries instead of outsourcing to more distant locations.
But why Mexico? Mexico stands out for its highly skilled labor force, competitive prices, and strategic location, making it an attractive destination for some countries looking to expand their presence in the Latin American and U.S. markets. The economic forecast for Mexico in 2024 is quite optimistic. The country is considered one of the most significant economies in Latin America and globally, with a Gross Domestic Product (GDP) of 1.3 trillion dollars.
A staggering 55% of Mexico’s labor force comprises young and highly skilled individuals who remain untapped, representing a missed opportunity to boost the economy.
Nearshoring Services in Mexico
Although nearshoring is a new strategy, nowadays they already offer many services with specialized talent either in engineering or human resources. A little curious? Let’s talk a little about the main nearshoring services that could help you to improve your business.
Engineering
It may come as a surprise, but hiring a remote engineer is not as far-fetched as one might think. Despite common beliefs, having a remote engineering function is more feasible than ever. Some of the most requested positions are Project Engineer, Project Manager, or Estimator, which can be performed remotely. This helps companies to have a specialized team at a lower cost.
Architects
Architectural designers are highly sought-after within the field of architecture. However, in recent years, many construction firms have recognized that they can achieve excellent results by hiring teams remotely.
Paralegal
Working with judicial procedures is complex due to the different types of laws that exist in each jurisdiction today more than ever, legal professionals or paralegals are more aware of the globalization that exists and have the necessary knowledge to offer their services remotely, thus providing fundamental support for efficient and organized legal practice.
Sales
A robust sales team is crucial for companies to stay ahead of the competition. With the rise of remote work, many companies hire remote teams for various sales positions, such as lead generation, international sales, and e-commerce support. This includes both outside and inside sales and executive assistant roles, which can be efficiently managed through remote teams. By leveraging remote sales teams, companies can tap into a wider talent pool and gain a competitive edge in the market.
Accounting and Finance
In today’s business world, effective financial management is more important than ever. Accounting and finance departments have a critical role to play in managing and tracking assets, liabilities, and cash flow to make informed financial decisions. With the rise of globalization, it’s become increasingly possible to perform these functions remotely, without any issues. By implementing best practices and utilizing the latest technology, businesses can ensure that their financial management is efficient, accurate, and effective.
Marketing
Marketing is definitely one of the most popular areas for nearshoring. You can find talent in various specialties that offer innovative and unique ideas to give your company a competitive edge. These specialties include social media experts, graphic and web designers, and copywriters. Forming a marketing team that can handle content moderation, marketing management, and market research analysis is possible.
Human Resources
To ensure that a company functions smoothly, it is essential to have a skilled and efficient HR team. One way to achieve this is by outsourcing human resources specialists or compensation and benefits analysts. Another key point these professionals can assist with various tasks such as candidate selection, managing employee benefits, providing training and development programs, and enhancing overall company functioning. By having an experienced HR team, organizations can optimize their operations and create a positive work environment for their employees.
Advantages of Hiring Talent in Mexico
Mexico is known for having talent that stands out. Why do recruiters look to this side of the continent? There are several reasons: compatible time zones, the quality of the professionals who also have an outstanding level of English, and the lower cost of living for workers (which makes their hiring more profitable), among other factors such as culture, good soft skills, predisposition to work and the potential for development.
In addition to the convenience and ease of having these resources, other advantages have a direct and more long-term impact; other advantages of contracting in Mexico are:
- Specialized Talent at Low Costs.
And in this sense, there is no reason to limit ourselves only to local talent. In Mexico, some professionals identify with the values, mission, and vision of a company and who make a perfect fit with the needs of each project and team, all at a lower cost.
- Strengthen The Remote Culture.
It is important to recruit the best talent for your company, even if they are not located in the same area. This helps create a team that is diverse, multicultural, and interdisciplinary, with the added benefits of virtual work such as greater flexibility, autonomy, and increased productivity. Additionally, this arrangement can enhance the quality of life for both the employees and the employers.
- Cultural Variety and Greater Diversity.
Mexican talent is unique. Their idiosyncrasies, values, and way of seeing the world can be a plus for any team that has diversity at the heart of its projects.
- Favorable Time Zone
This physical proximity enables real-time collaboration and streamlined communication between the client and outsourcing team, leading to successful project development.
Intangibles Talent, Your Trusted Nearshore Partner
Nearshoring is an excellent opportunity for small and medium-sized companies to optimize operations, reduce costs, and access new markets. Also, it is essential to choose a qualified partner when starting in the world of nearshoring; that is why our team of experts at Intangibles Talent is focused on offering customized solutions tailored to the specific needs of each company; our nearshoring services range from architecture to marketing, offering the best Mexican talent thanks to our unique recruitment process.
Thanks for taking the time to read our blog article! We hope you found it informative and helpful. At the end of the day, our goal is to help your company succeed through nearshoring, and we believe that by working together, we can make that happen. If you have any additional questions or comments, please don’t hesitate to reach out to us. We’d love to hear from you and continue the conversation. Thanks again for your time and attention – let’s make some great things happen together!
If you’re interested in hiring talent from Mexico, check out our Guide Want to Hire in Mexico 👇🏻