The rise of remote work has transformed hiring practices, with companies now more willing to recruit international talent, particularly in the tech industry. A significant report by Oyster indicates that Europe leads in global remote hires, comprising 43% of placements, followed by Asia and North America. This shift responds to ongoing talent shortages, exemplified by studies revealing substantial revenue losses from unfilled tech jobs, prompting organizations to broaden their search for employees beyond borders to meet evolving industry demands.
Companies are increasingly open to hiring remote talent, with 58% of organizations employing tech talent remotely from other countries, driven by chronic talent shortages.
Research from Gartner indicates that cross-border hiring for tech roles doubled from 2020 to 2023, reflecting a strong shift towards remote work acceptance.
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