Future of Work News

Tech Sector Must Learn to Modernize Hiring Practices

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Across industries today, it’s not uncommon to hear about labor and talent shortages. In the tech industry, in particular, the demand for a labor pool that has the skills to meet growing demands for technology is pressing.

A first-ever study conducted by Revelo dove deeper into the remote hiring landscape in the tech industry and what is needed to take it to the next level. Revelo provides an online platform for U.S. companies looking to hire engineering talent in Latin America for remote work. The focus of its survey was to understand tech team challenges and what hiring managers value when it comes to hiring remote talent for their teams.

The first annual Remote Hiring Maturity in the U.S. Tech Survey uncovered more than half of respondents are open to remote hiring of staff outside of the U.S., with skills like tech expertise and English proficiency topping their list of must-haves for remote hires.

The survey also found that like most companies, the COVID-19 pandemic shifted the focus to new ways of working. Prior, more than half had no experience with remote hiring at all. The results revealed that 74 percent of engineering teams are currently hiring remotely, and another 7 percent said they are looking to begin remote hiring in 6-12 months.

Surprisingly, cost was not an important consideration when it came to hiring talent at all.

The actual hiring process however is still happening for most companies in a traditional capacity with only 40 percent of the survey respondents knowing that there are specialized remote hiring platforms to assist with the process. More than 60 percent still rely on in-house talent acquisition teams or traditional staffing agencies to help find talent.

Commenting on the study’s findings and the needs of the market, Lachlan de Crespigny, Revelo co-founder said, “When companies cannot identify and hire the right talent for the job, it stymies innovation and the economy, and it hamstrings companies' ability to compete and win.”

“The insight to be taken from this survey reveals that tech employers have already made the shift to a new normal of hiring remote talent, and what motivates them is not cheap labor, but the quality of candidates in terms of proficiently skilled for the job, English-speaking, and aligned with U.S. time zones,” he added, nothing there is a wealth of tech talent in Latin America that U.S. companies need to learn how to leverage.




Edited by Erik Linask

Future of Work Contributor

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