Demand for tech talent is at an all-time global high - and the supply has never been shorter. Add to this the constant evolution of technology and the desire to find highly skilled professionals who can also bring relevant industry experience, demonstrable business acumen and soft skills to the table, and the challenge becomes even greater. So how do you best address this rising crisis?
Here are three key benefits to looking globally and hiring a remote tech team:
1. TAPPING INTO A MUCH WIDER GLOBAL TALENT POOL
Outside the top 1% of STEM graduates instantly poached by the likes of Google and Microsoft, there are still many really smart and highly motivated people available - they just don’t all necessarily live within commuting distance of your office. If you limit yourself to looking for STEM or similar talent in a set location or country, you limit your hiring pool. Hiring remote staff will allow you access to the very best skills from around the world. Technology enables communication, collaboration, relationship building and knowledge sharing solutions. Instead of settling on a candidate who merely meets the job requirements (if you’re lucky), give yourself the opportunity of finding someone who shares your company’s values and will go above and beyond if hired. If you are able to find the right remote partner, they will assist you in accessing a team of remote STEM or technical staff who are well qualified, knowledgeable, skilful, motivated and experienced. Add to this the fact that you will be empowering and growing super-smart and hugely talented graduates in the developing world and you also have a compelling CSR benefit to consider.
2. INCREASED DIVERSITY
Stephen Covey (author of ‘The Seven Habits of Highly Effective People’) once said: “Strength lies in differences, not in similarities.” In today’s world, diversity (which includes gender, religion, race, age, sexual orientation, disability, linguistic differences, socio-economic status and cultural background) has never been more top-of-mind - and it’s something you should be thinking about with your business. Inc.com lists five key benefits to fostering diversity in the workplace as:-
Better consumer understanding
Better decision making
A geographically-distributed workforce leads to greater employee diversity and new ideas. Different perspectives and fresh approaches can also help reach a broader audience than you usually do. Having a team of employees that includes remote tech staff from varying backgrounds results in truly great ideas and tangible business returns. Diverse companies are better able to attract and retain top talent, improve their customer orientation, and have higher employee satisfaction rates than less diverse companies. Diversity on your team isn’t just an asset, it’s a must.
3. SIGNIFICANT COST SAVINGS
Going global will allow you to take advantage of the economic arbitrage in developing countries. Taking on a remote team can mean you hire talented people at a fraction of the cost - enabling you to scale faster. For equivalent talent, labour cost-savings can often be as significant as 50-70%. Widening your search for tech talent globally will lead to a leaner operating model. Savings made from excluding office costs will create a competitive advantage and further help you scale. Not only will you conserve cash on office-related costs like IT setup and equipment, facilities management and desk space, but partnering with a trusted remote provider will take away the headache of dealing with data security, HR issues and other related concerns.
Since the onset of the pandemic, remote working experience has proved that the benefits far outweigh the challenges. Fast-moving, agile businesses will seize new opportunities and thrive now and into the future. During these challenging times, all businesses need to be focusing on adapting and rebuilding. You have to evolve and be creative. Hiring a remote tech team should be a fundamental part of your business continuity planning.
If you’re looking for a remote team partner who truly cares about adding value to your business, Sharesource could be the answer you’re looking for. Download our eBook, '30 Essential Questions to Ask a Provider Before You Outsource’ to ensure you're informed and have the right questions to ask when considering the next step.