Europe leads the way in global remote hiring trends
The pandemic-induced shift to remote work made it clear that a distributed workforce could be effective and viable. In the years since then, cross-border hiring has continued to flourish due to persistent talent shortages, particularly in the tech sector. Korn Ferry estimated in 2018 that unfilled roles will result in $8.5 trillion in lost revenue by 2030, while Gartner and McKinsey report that the talent crunch is limiting growth in high-tech fields like AI, quantum technologies, cloud computing, and more.
To meet these challenges, companies are increasingly open to hiring remote talent. Research from Gartner shows that cross-border hiring for tech roles doubled from 2020 to 2023, and as of 2022, 58% of organizations employed tech talent working remotely from other countries.
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