In our new episode 51, Hunter Miranda and Eric Farber discuss the recent CBRE report highlighting Mexico City as a leading talent hub in Latin America, noting a significant 95% growth in professionals being placed in US companies. The hosts explore the implications of this trend, including the importance of Spanish-speaking employees and the impact of globalization on wages. The conversation also touches on rising costs and inflation, emphasizing the changing landscape of offshore hiring and the need for companies to adapt to new economic realities.
Takeaways
The dollar's value fluctuates, impacting offshore hiring costs.
Currency fluctuations can significantly increase payroll expenses.
Paying employees in local currency can improve retention rates.
The hiring market in Latin America is highly competitive right now.
Businesses need to be more efficient with their hiring practices.
Quality of hires is more important than quantity in offshore hiring.
Effective hiring strategies can lead to better results and efficiency.
If you're a founder, CEO, or hiring leader, this episode is for you.
Chapters
00:00 Understanding Currency Fluctuations in Offshore Hiring
02:48 The Impact of Currency on Payroll and Benefits
05:57 Navigating the Competitive Hiring Landscape
08:50 Strategic Hiring: Quality Over Quantity
About the show
Hire Smart helps business leaders build teams that scale smart and stay strong. Hosted by Eric Farber and Hunter Miranda, the show offers actionable insights into hiring, company culture, and leadership in the age of rapid growth and AI-driven transformation.
Subscribe and learn how to hire better, lead stronger, and grow smarter.
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