Companies across the world are grappling with shortages in labor and skills; this is making it it harder and harder for them to find and hire the right candidates for their open positions.
To solve the problem of labor supply not keeping up with demand, some organizations are switching up their hiring strategies and starting to look at new regions and countries. This is proven by research from Deel that found global hiring has increased 145% in 2022 so far.
This statistic is based on the hiring from anywhere unicorn analyzed 100,000 global worker contracts, which were signed between January and June 2022.
Deel’s research further found that Argentina, the Philippines, India, the US, and the UK were the most attractive countries to hire from. Ukraine was actually the third most popular country in EMEA, after the UK and Spain.
Australian, Canadian, and US companies were most interested in hiring people from the Philippines, while German, Brazilian, and Hong Kong-based organizations wanted to recruit from the US.
Indian workers are increasingly being hired by UK, Australian and Singaporean employers, while Swiss, Estonian and Croatian businesses wanted to tap into the UK’s talent market.
In fact, Switzerland and Estonia were the fastest growing EMEA countries embracing global, remote hiring in all markets. Australia, Singapore, and India-based organizations led the hiring from anywhere trend in APAC, and Uruguay, Argentina, and Mexico did the same in Latin America.
The roles that saw the most growth were content (134%), finance (111%), customer success (106%), and operations (104%). This suggests that companies are accepting that these types of jobs, in particular, can be done remotely, and even from different time zones.
Knock-on effect on salary growth
This shift towards hiring from anywhere is “helping people find better opportunities, with salaries on the rise in many developing economies”, according to Deel’s report.
Salary increases were particularly impressive in Italy, Brazil, and India as a result of an acceleration in global hiring.
Italy saw a 175% increase in wages in the first half of 2022, this dropped to 174% for Brazil and 158% for India. The US experienced a 119% increase, while the Netherlands saw a 115% growth and Canada felt a 102% rise.
This is an exciting trend as it proves that working from anywhere really is equalizing job opportunities across the world – it is no longer necessary for individuals to uproot their lives and spend significant amounts of money to move to developed markets to get a high-paid job.
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