A Latin American engineer, who is one of the top talents at Works, shared that he has been contacted by numerous US-based executive recruiters through LinkedIn. He also mentioned that the frequency of such communication has remarkably risen during the last year.
American companies are increasingly opting to utilise software engineers from various parts of the world. This trend highlights the question of what is causing this shift in the job market. It seems that businesses are taking advantage of the chance to lower costs by outsourcing labour and simultaneously leveraging the technical prowess of international workers. This development has allowed companies to draw from the global talent pool and utilise the skill sets of software engineers that may not be available in the US. Furthermore, companies may gain from the cost savings associated with foreign workers. In essence, the rising use of offshore employees is primarily driven by a combination of cost-effectiveness, the opportunity of accessing specialised skills, and the potential to improve productivity.
The shift towards offshore hiring and remote work raises a fundamental question: why is it happening?
The United States is currently experiencing a severe deficiency of IT professionals due to the continuing Covid-19 pandemic and the stringent immigration rules enforced by the government. This has led to the risks associated with immigrating to the country outweighing the benefits for many. Countries like Brazil, India, Pakistan, and others often supply the much-needed Information Technology roles. As a result of the scarcity of Tech expertise, a significant number of businesses have adopted a remote work model in order to maintain their competitive edge in the current climate and to curb the impact of the worker shortage.
Companies all over the United States are actively recruiting skilled workers from overseas to fill crucial technical positions. Research indicates that there is a projected 70% surge in the number of software development roles in the US that will be staffed through offshore hiring. As businesses strive to employ the most qualified workforce available, irrespective of location, this trend is expected to persist.
Alex Bouaziz, the creator of Deel, a company providing payroll services for the offshore hiring of US-based businesses, has stated that software engineering is gaining worldwide recognition as a profession. Bouaziz noted that the number of American companies employing Deel to locate employees from overseas has increased by 50% in recent times.
In the past, companies would typically establish physical offices in specific areas to draw from the local talent pool. However, due to the unparalleled circumstances brought on by the COVID-19 pandemic, the benefits of enabling remote work among employees have become evident. Firms are beginning to appreciate the perks of allowing their workforce to complete some or all of their duties from the comfort of their homes.
While Silicon Valley remains an excellent choice for setting up a business, those who aim to expand their ventures in the area run the risk of facing enormous financial expenditures. In view of the emergence of worldwide corporations, entrepreneurs need to reassess the most efficient approach to build their companies to fully benefit from having a distributed workforce in different locations.
According to Siddharth, the use of offshore hiring has offered a practical solution to two major obstacles that businesses are currently grappling with: the high expenses of acquiring and retaining a diverse global workforce, and the challenge of competing with nearby companies for hiring top talent.
How does the US’s recruitment surge in other nations impact software engineers in other locations?
The good news is that it is now possible for software developers in Latin America and other parts of the world to access lucrative remote developer roles in leading US firms. This offers an enormous opportunity for these developers to find meaningful, well-paying work while working from the comforts of their own homes.
The present time is ideal for pursuing a career in software development as prominent American firms are actively searching for individuals to join their IT teams. These positions offer not only competitive salaries, but also other associated benefits such as prospects for growth, long-term employment opportunities and job security. With the requisite skillset, you can take advantage of this juncture and embark on a fulfilling and successful career in software development.
Due to several factors, businesses in the United States are showing growing interest in the LATAM region:
- Convenient time zones
- A common cultural background
- There are fewer language barriers
- Talented minds in the technology sector
It has been projected that by 2025, outsourcing could create up to three million new employment opportunities. As the dearth of skilled workers and mounting labour costs in the United States become more problematic, sizeable corporations may favour recruiting overseas to fill vacant positions.
For extensive employment opportunities in the United States, Works is an invaluable resource for international software developers. Through Works, international software developers can conveniently connect with the most reputable employers in the US and take their initial steps towards meeting their career objectives.
As a Works developer, you needn’t worry about finding work again.