The pandemic accelerated the trend of remote work, demonstrating its effectiveness and leading to an increase in cross-border hiring to address talent shortages in key sectors like technology. Reports indicate that unfilled roles could lead to significant revenue losses, driving organizations to seek talent beyond borders. An analysis by Oyster reveals Europe is the primary region for hiring, accounting for 43% of new hires. The report also highlights the growing demand for tech positions and the impact of shifting employment models on compensation across different regions.
Europe emerged as the top choice for global remote hiring, with 43% of new hires made through Oyster's platform in 2024 coming from that region.
The pandemic showcased the effectiveness of a distributed workforce, prompting companies to pursue cross-border hiring to address talent shortages, particularly in tech.
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