The coronavirus took the world by storm this year and changed the way companies work forever. Practically overnight companies of all sizes had to find a way to accommodate both their employees and their customers. Everyone wanted a way to operate with as little disruption as possible while navigating the effects of this tricky pandemic. The solution?
It’s the only way customer support, sales, and engineers could continue to work free from exposure to the looming pandemic. And just like that, working from home went from being an occasional perk to the world standard virtually overnight.
As employees make the shift from the office to their home, companies are recognizing just how trivial physical presence is when it comes to job performance. In many cases, people perform better than when they were in the office. As a result, hiring managers are shifting their view from local to global as they continue to seek top talent for their company. Outsourcing, as a result, is more prevalent than ever and effectively has shattered the myth that your engineering team had to work in your office.
Let’s examine a few reasons why:
Wading Through A Greater Talent Pool
For too long, companies felt chained to the local workforce as their only option when seeking talent to fill their roles. COVID-19 forced everyone’s hand toward a long-term remote work option that, in many ways, is superior to the previous in-office model. As internal recruiters and hiring managers work to fill open roles, they’re more open to the idea of outsourcing their needs.
As more companies look outward to fill roles, nearshore talent, in particular, is looking incredibly viable. For one, companies don’t want to change their hours, and working with nearshore firms means they’re working the same hours so they can shift priorities throughout the day and join your meetings and stand-ups. Again, everyone is opting for the least amount of disruption, and nearshore outsourcing fills that void.
For the US, Mexico and the rest of Latin America is particularly ripe for outsourcing talent since they have similar cultural and workplace standards and practices. They also have a highly educated workforce, particularly in STEM, with many bilingual residents who speak both Spanish and English.
Slashing Some Overhead Costs
With more and more employers extending their work-from-home policies instituted in response to the COVID-19 pandemic, a vast amount of office space across the world sits empty. While many of it is still under a long term lease, you have to wonder how many companies will renew when the time comes.
Beyond the expensive cost of commercial leases, companies are saving money across the board with their employees working remotely. There’s little need for maintenance staff to fix things around the office. Cleaning costs are at an all-time low as well since there aren’t employees around to pick up after. Many companies go above and beyond, providing snacks, catered lunches, and company parties to their employees as perks to boost morale and retention. With everyone working from home, those costs don’t make sense leaving yet another budget category untouched.
With all the overhead costs cut to historic lows, companies now have surplus funds to invest in more talent. Again, a greater budget means companies are looking at outsourcing to fill talent gaps they struggle with locally.
Adjusting To The New Normal
Judging by the actions of many large tech companies like Facebook, Square, Twitter, and Google, many people are not going to return to the office anytime soon, if ever. There’s little incentive for companies to go back to paying high dollar leases or exposing their staff to health risks. Especially if remote workers are getting the job done. Tenants will exit their leases at term, workers will adjust to working from home, and hiring managers will continue to seek highly educated, highly-skilled, affordable talent from nearshore countries like Mexico and Latin America.
As you can see, the global labor force dynamic is shifting rapidly and will require companies to think differently. COVID-19 proved your engineering team can absolutely work remotely and that you’re no longer chained to the notion that local talent is your only option. If you’re considering a nearshore development partner for your software development needs, then you’ve come to the right place. Contact our team at Scio to start the conversation.