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Deel's 2023 State of Global Hiring Report reveals that international companies have seen a significant increase in hiring American workers. The report shows a 62% increase in American workers being hired by companies in the United Kingdom, Canada, France, Singapore, and Australia. The most common sectors for these roles are sales, research, software engineering, content, and product. Deel's findings are based on data from over 300,000 contracts and 20,000 customers in over 160 countries, supplemented by additional data from third-party sources.
"A lot of those companies [abroad] are thinking, 'How do we build the right playbook that they've done in the U.S.?" Bouaziz continued. "One way is to hire U.S. workers to their companies.'"
Regarding the increase in American workers seeking jobs abroad, factors such as the elimination of remote roles in the U.S. and rising involuntary terminations play a role. Deel's CEO, Alex Bouaziz, stated that the interest in international jobs by Americans "feels correlated with the elimination of remote roles" in the U.S. Furthermore, the report highlights that "involuntary terminations" in the U.S. have risen despite a declining global average.
Deel's findings additionally highlighted that "involuntary terminations" rose in the U.S. despite a declining global average.
Overall, the data suggests that there is significant potential for global remote work opportunities. Lightcast, a labor market analytics company, indicates that there are "153 million people in roles highly suitable for remote work, but only 18% are currently remote." The report also notes an increasing trend of North American companies leveraging cheaper labor by hiring remote workers in other locations.
Lightcast data from last year revealed an increasing trend of North American companies with remote workers in places where they could leverage cheaper labor.