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Talent is global now, but culture and time zones still matter. For the top 15% of companies and talent offshoring is less about “pay people less” and it’s more
by 0xB31B1B 4y ago
Talent is global now, but culture and time zones still matter. For the top 15% of companies and talent offshoring is less about “pay people less” and it’s more about “hire a team of 80 people in a year”. It’s extremely difficult to hire a team of 80 US based engineers in 12 months, even with top of market pay, even with fancy stock and remote work. It’s much easier to do this in Latam for example because there is more slack in the labor market.
- zamfi 4y ago> there is more slack in the labor market. Is it the slack? Or is it the fact that US-based companies have much more to offer this pool than they can offer the comparable group in the US. In particular, much higher pay than locally available and the prestige of working for a US firm.
- xtracto 4y agoThis is a very accurate hypothesis. I live and work in LatAm and know several CTOs of startups over here. The last 2 years have been ruthless for Engineering leaders around here: lots of turnover of Devs that are being hired by US companies throwing loads of money at them. While the local tech companies cannot afford to get engineers as they are unable to compete on salary. It's great for ICs but terrible for leaders, particularly of small/starting startups .