Why The Pandemic Made Businesses Embrace Nearshore Talent

Why The Pandemic Made Businesses Embrace Nearshore Talent
Damian Wasserman

“If I can’t shake their hand, I can’t trust them”, that’s how many people used to think. However, this mentality is changing for the better. Many experts in a wide range of industries are seeing a major turn from businesses who already adopted remote work to start taking advantage of nearshore talent onboarding, which is presenting a spike in demand after the financial effects of the pandemic. But why?

Biosecurity restrictions forced businesses to do the greatest labor modality shift in modern history, working from home. A whopping 51% of employed Americans transitioned to working remotely. Companies across all industries were forced to see how well their employees would perform while doing their jobs outside the office and, to their surprise, in many cases they did even better. However, even harder changes hit when the sanitary conditions worsened and the absolute lockdowns began, changes that led us to where we are now.

A surge of layoffs gripped the economy amid the pandemic as establishments and stores shut down across the US, part of unparalleled attempts to repress the spread of Covid-19 and keep healthcare organizations afloat. This shook the labor market with major spikes in unemployment claims. These were the events that led companies to take an even greater leap towards the future of work, and the impact in their business was unbelievable.

People realized that if a great percentage of all jobs could be managed remotely, they can be done abroad. Many learned how in Latin America there are prestigious universities that have been sending thousands of bright and savvy professionals to the market for years, and a great number of international organizations from areas like science and education have used their skills and advice remotely, thus, why couldn’t companies in more modern areas like computer science and design do the same?

So, in an attempt to develop greater competitiveness and endurance to recover from the cold Covid-19 season, companies looked to boost their productivity through hiring nearshore resources, as this gave them access to a much wider talent pool where there were more opportunities to access highly-demanded and usually scarce elite professionals.

Businesses can also access professionals who graduated from top universities across the 33 countries in Latin America, and it’s a vast resource scope that one couldn’t previously access due to commuting limitations. This way, companies can raise the bar and bring higher quality and more experienced talent onboard. Additionally, by having a compatible timezone, the resources can work side by side with making daily collaboration a seamless experience.

Now, as the economy is recovering and most companies have restarted their activities, businesses have decided to revive with this new paradigm, looking for new ways to gain competitive advantage. Nearshore resources providers have experienced a skyrocketing rise in demand for their services, one like no other. In fact, It is estimated that a quarter of businesses already manage their tech ops through talent abroad. But this is creating a challenge like no other for resource providers—keeping up with the high demand and satisfying the spiking number of customers with quality professionals, which in the IT field are now scarcer than ever.

We have experienced this remarkable increase in demand, as many are realising there are elite professionals with a perfect combination of hard and soft skills across Latin America ready to join your project, and we’ve delivered through our carefully crafted pipeline. Since the second half of 2020, we’ve been growing by leaps and bounds. At the same time that we were starting work with new clients, those who already appreciated the effort we put into delivering quality talent left us 5-star reviews on Clutch. Our profile on this platform grew rapidly. As a result, we received an award for being one of the best resource providers operating in Argentina.

The way people view work across the world has changed forever. Fully remote workforces allow businesses to tap into a much more rich talent pool and aren’t limited to professionals located in their immediate territory or who want to move there. A start-up in rural Vermont can have access to the same talent as an international agency. Also, Latin America sees many savvy professionals graduate from high-end colleges in competitive fields like Information Technology and Data Science every year, which gives companies who onboard these experts the upper hand in product disruption, productivity and output.

If you’re ready to grow your team with thoroughly vetted, high-end engineers across LATAM, we’ll be happy to review your situation, estimate costs, and deliver customized talent for you. If you’d like to talk, have any questions, or just want to chat with us, don’t hesitate to reach out!