2. Demand for nearshore & international talent goes upCompanies are looking beyond local markets to fill talent gaps. Nearshoring to regions with strong tech ecosystems, such as the Baltics, Central & Eastern Europe (CEE), and Latin America, is on the rise. Key benefits include:
- Cost efficiency: Hiring in nearshore markets can reduce payroll costs by 30-50%
- Time zone compatibility: Teams spread across adjacent time zones ensure real-time collaboration
- Access to a broader talent pool: High-skilled professionals outside traditional tech hubs are now in demand