Companies are always on the lookout for new talent. With The Great Resignation, finding and retaining top talent is challenging for many organizations across various industries.
The challenge of finding top talent is especially true for mid-size businesses. These businesses may not have the resources and budgets of large corporations to invest in the enormous competitive salaries in the market while remaining profitable.
Fortunately, several cost-effective solutions can help you find and keep top talent within your organization. Nearshoring is one of them. This article will discuss the advantages of nearshoring and how you can implement it in your company.
What is Nearshoring?
When you think of nearshoring, you may believe it's only for manufacturing. Nonetheless, it also has many advantages for talent acquisition. It is the practice of sourcing and hiring qualified professionals from a nearby or border country. Commonly employees are hired through a PEO or employer of record to ease the hiring process.
Hiring through a PEO allows companies to continue growing and expanding their operations while keeping costs in check because of the reduced labor cost in the nearby country. For example, when nearshoring with Cápita Works, you can save up to 70% compared to US salaries.
When hiring with a PEO, like Cápita Works, you can reduce the time it takes to find, engage, and onboard new talent. Not to mention getting a personalized recruitment process. With Cápita Works, you can insource these remote employees. They become an extension of your company as a full-time virtual assistant. VAs provide a solution for the current high costs of finding talent in the United States caused by competition from the great resignation.
Furthermore, you can use nearshoring to bridge the gap between talent requirements and your company's current capabilities. Use nearshoring to help you identify the gaps between your organization's existing talent pool and your business needs, diversify your team, and reduce the liabilities of hiring directly.
Why use Nearshoring to Find talent?
As we've discussed, nearshoring offers many advantages for talent acquisition. These include being able to save on hiring costs and reduce lead times. Moreover, you can use nearshoring to bridge the gap between the needs of your current workforce and the talent pool available in your local market. Check out our guide on tasks and roles a virtual assistant can fulfill in your industry. Our industry guide can help you identify the gaps between your organization's current talent pool and your business needs.
How to implement Nearshoring for finding talent
To best leverage the nearshoring approach for talent acquisition, you must examine your organization's current talent gaps. Analyzing where talent is needed will allow you to identify the gaps between the existing talent pool and your company's needs to make it more efficient and profitable.
After you've identified these gaps and your company's needs, you can begin the nearshoring journey. The process with Cápita Works starts with a discovery meeting with our sales team to tell us about your needs and any questions you may have after that comes engagement. We'll send you a job description template, and once we have the job description, we'll start the recruitment process.
Our talent acquisition team will search for the candidates that meet your requirements and pass them through a 5-step process until you choose your new superstar. Finally, all our VAs go through onboarding and receive monthly learning activities, including training and webinars, that will keep them at the top of their game. Read more about our process.
Can nearshoring be used for other purposes?
Although nearshoring's primary use here is for talent acquisition, you can use nearshoring for many other purposes. For example, you can use nearshoring to grow your company and try hybrid work.
It can also aid in digitizing your business operations, which can help you optimize your cost structure and avoid expensive facility investments. In addition, you can use nearshoring to diversify your team. A diverse group can help keep your managers connected to the business while reducing the risk of unintentional discrimination.
Nearshoring offers many benefits for your organization. It can help you find talented employees looking for a job matching their skills and preferences. It also allows you to hire top talent from a different country than your employees. Last but not least, nearshoring employees is one of the cost-effective solutions that can help you find and keep top talent within your organization.
You can contact us if you wish to nearshore talented professionals with Cápita Works.
If you're based in México and are looking for a career change or a new job with more flexibility, consider becoming a VA! You can check out our job openings.