Tech Industry Downturn: How Hiring Indian Remote Talent is Helping the Tech Industry in This Economi

The global economy, especially the tech sector, faces an economic downturn post-pandemic. There is a tech industry recession, and businesses are cutting down on employees. Companies have announced a hiring freeze or are laying off the existing workforce as expenses exceed the revenue. In such a scenario, a widespread hiring practice gaining immense attraction is hiring Indian remote tech talent.

India is globally regarded as the hub for skilled and competent tech professionals. It offers a vast talent pool of tech experts with exceptional experience working for a global clientele. Recruiters can access this pool via technological advancements and address the tech industry downturn. This article will walk you through the advantages of hiring Indian remote talent and the best strategies to do so.

Advantages of Hiring Indian Remote Talent During a US Tech Recession

Out of the several advantages of hiring Indian remote talent, let’s look at some of them:

Cost-effective

In the US tech recession, hiring remote talent from India can be cost-saving. This is because India has a pool of skilled talent and a low cost of living. It thus offers talent at a low cost compared to other countries making it cost-effective for companies to pay salary and wages during a tech industry downturn.

Innovation and Creativity

To flourish business in times of recession demands innovation and out-of-the-box ideas. This is possible when you employ Indian remote talent who come from diverse backgrounds, cultures, and experiences. Therefore, they can offer fresh perspectives and innovative solutions during economic uncertainty to stay competitive.

Flexibility

Hiring Indian talent remotely also allows you the flexibility to scale the company size in times of recession in IT sector in India. You can quickly scale up or down the workforce as per the business requirements and budget when you offshore talent, as overhead and operational costs, are not burdensome.

Strategies for Identifying Top Indian Remote Talent to Address the Tech Industry Downturn

The tech industry faces a global downturn for several reasons, like the pandemic, economic slowdown, massive competition, etc. One of the best ways to overcome this tech industry downturn is to hire Indian remote talent. But how and where to find qualified candidates is the ultimate question.

The below-listed strategies can help resolve your dilemma:

• The foremost strategy to identify remote talent in the US tech recession is to hire via talent networks like Uplers. Uplers is renowned for serving global tech giants like Amazon, Disney, Oracle, etc., for over a decade. It provides a pre-vetted pool of the top 3.5% of Indian talent after a 4-step vetting process. All you need to do is pass your job description, and it will take care of the rest till the onboarding phase. This will help you cut down on your hiring costs by up to 40%, speed up your hiring 5x times, and find the ideal fit within 5 working days.

• Social media is another valuable platform for finding and recruiting remote talent from India. Hiring managers can post job openings on LinkedIn, Twitter, Facebook, and other credible portals. They can also contact industry groups and communities on digital media to find qualified leads.

• Employee referrals is another strategy you can leverage to find top-notch talent at affordable cost. It's the hiring tactic where recruiters encourage their existing workforce to refer qualified applicants from their contacts in return for a reward.

Conclusion

There is a gigantic tech industry downturn, and the best way to address it is by hiring Indian remote talent. It will not be profitable in the short run but also yield effective results in the long run. You can continue to access top-quality, skilled, and qualified talent with reduced costs. This trend is expected to continue as the demand for remote work keeps scaling and more companies seek to capitalize on the talent and expertise available in India's thriving tech sector.

Content Strategist At Uplers. Loves to read novels and write books