Monday, February 14, 2022

g-f(2)936 THE NEW WORLD NEWS (2/14/2022), Bloomberg, U.S. Tech Firms Hunt for Cheap Home-Based Hires in Latin America


VIRAL KNOWLEDGE: The “genioux facts” knowledge news


The New World NEWS

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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageThe New World, The remote-work revolution (2/14/2022)  g-f(2)426 



Lessons learned, Bloomberg  

EXCEPTIONAL “Full Pack Golden Knowledge Container”


‘The genie is out of the bottle,’ according to one recruiter


Some Golden Knowledge (GK) Juice


  • The remote-work revolution has led some U.S. technology companies, from startups to Coinbase Inc. and Shopify Inc., to seek new hires in Latin America -- where they can find qualified people in roughly the same time zone who’ll work for much lower pay.
  • It’s a logical extension of the pandemic work-from-home drift away from hubs like San Francisco and New York to less expensive locations -- including across national borders. And the way currencies have shifted in the pandemic is only reinforcing the trend. 
  • “The pandemic turned a local market into a global one,” Lucas Mendes (co-founder of Revelo) said. “The genie is out of the bottle.”


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References





Extra-condensed knowledge



Lessons learned, Bloomberg  


  • The idea could prove attractive for a U.S. tech industry that may face a shortage of at least 1.2 million tech workers by 2030, according to a report by consulting firm Korn Ferry. 
    • In recent months, the number of foreign companies hiring from Latin America has increased by 156%, the most of any world region, with software engineers leading the recruiting rally, according to a report by global hiring company Deel. 
    • Cultural similarities and a qualified pool of talent also help make Latin America a tempting market. This allows employers to “connect right away” with local workers, said Pepe Villatoro, regional head of expansion at Deel. “They hit the ground running.”


Condensed knowledge




Lessons learned, Bloomberg  


  • The average tech salary fell by 1.1% in major U.S. hubs in 2021, the first decline in five years, according to a report by tech marketplace Hired. Meanwhile the rest of the world was catching up, with global tech pay rising 6.2%. 
  • Salaries for Latin America-based junior positions posted on Revelo’s platform have increased almost 50% to about $89,000 since the start of the pandemic. If more jobs are subject to international competition, the gap may continue to narrow.



Some relevant characteristics of this "genioux fact"

  • Category 2: The Big Picture of the Digital Age
  • [genioux fact deduced or extracted from Bloomberg]
  • This is a “genioux fact fast solution.”
  • Tag Opportunities those travelling at high speed on GKPath
  • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
  • Type of validity of the "genioux fact". 

    • Inherited from sources + Supported by the knowledge of one or more experts.


References


“genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)936, Fernando Machuca, February 14, 2022, blog.geniouxfacts.comgeniouxfacts.comGenioux.com Corporation.


ABOUT THE AUTHORS


PhD with awarded honors in computer science in France

Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts"The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.




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