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Beating the Hiring Crunch: Building Teams From the Global Talent Pool With Deel
There are 8 million open jobs and 6.8 million unemployed workers in the US (U.S. Chamber of Commerce). That’s 85 workers for every 100 open jobs. Without the talent to fill these open positions, businesses cannot grow, compete, and thrive.
It’s time for business growth leaders and decision-makers to look at the bigger picture when it comes to hiring. With billions of people on the planet, no business should have to struggle to find the right person for the job. So, the question is, how can US organizations source sufficient talent?
Embrace Remote Work and Borderless Hiring
The world of work has fundamentally changed. We live in a digitally connected world, where remote working and hybrid teams are now part of everyday life in many businesses. A recent Owl Labs 2024 State of Hybrid Work Report surveyed 2,000 full-time workers in the US, revealing that hybrid and remote work trends have continued to grow while full-time in-office work has decreased by 6% from 2023.
Distributing the workforce and having international teams offers numerous benefits, including a greater diversity of thoughts and ideas, an increased variety of skill sets, multiple language capabilities, and the possibility of more efficient working hours by capitalizing on different time zones. If US businesses are struggling to hire locally, there is a plethora of highly qualified workers overseas who can be integrated to form a high-performing and diverse team. Borderless hiring offers the perfect solution.
Many businesses are already implementing borderless hiring, as demonstrated by Deel’s latest State of Global Hiring Report data. In 2023, the top countries from which US organizations hired talent included Nepal, Sri Lanka, and Jamaica. Furthermore, the fastest-growing markets from which US companies were looking to hire included Mexico, Canada, and Australia. The top overseas roles were in teaching, administration, and product, proving how this solution can be applied across a wide range of sectors.
However, hiring internationally can pose challenges that must be considered and overcome.
Overcome Global Hiring Challenges With the Latest Tech
One of the main difficulties is navigating the complex legal and administrative requirements that come with hiring employees from other countries. This includes local entity setup, obtaining work visas and permits, complying with local tax and labor laws, running global payroll, and dealing with language barriers and cultural differences.
Additionally, recruiting and managing remote teams can be complex. It requires strong communication skills and the ability to build relationships with workers who may be operating in different time zones. Furthermore, the costs associated with hiring remote talent—such as equipment management, software, and training—can be significant, especially for small businesses with limited resources.
This is where Deel’s all-in-one hiring platform helps. With Deel, you can:
Hire and pay employees and contractors across 150 countries using Employer of Record and Contractor of Record hiring models
Onboard and equip workers in minutes via a streamlined workflow tailored to specific countries
Manage time off, employee compensation, documents, and more in a user-friendly dashboard
Use built-in live reporting analytics to anticipate expenses and keep track of global costs
Leave compliance and data security to an in-house team of local legal and compliance experts
Access numerous integrations and APIs to reduce manual work and streamline your processes
Improve culture and workforce engagement with a suite of engagement tools
Tap Into the Global Talent Pool With Deel
Deel helps companies of all sizes simplify every aspect of hiring and managing an international workforce, from culture and onboarding to local payroll and compliance. Deel works for independent contractors and full-time employees in over 150 countries.