Deel Lab for Global Employment, the research and public policy arm of the HR startup Deel, has released its third Global Hiring State Report, offering insights into global workforce trends throughout 2022.
The report, analyzing over 260.000 contracts across more than 160 countries facilitated through Deel, drawing data from over 15,000 clients and numerous third-party information sources, reveals Argentina among the top five countries globally for hiring international talent. Furthermore, Buenos Aires remains among the top three cities globally from which talent is most frequently hired to work abroad, following London and Toronto and followed by Madrid and Bangalore.
“The global worker model is the preferred choice for many organizations, even amidst economic uncertainty. Simultaneously, workers seek more opportunities within global companies. There’s a need for a policy infrastructure to facilitate borderless hiring, but also to acknowledge the existence of this emerging workforce, formalize their legal status, and ensure universal worker rights and benefits,” asserts Professor Samuel Dahan, President of Deel Lab for Global Employment.
Global Hiring Growth
Cross-border hiring has continued to rise over the last year, with triple-digit growth in all regions, despite a worsening global economic outlook and layoffs escalating from 28% to 42% in the second half of 2022. Of all contracts facilitated on the platform that year, 89% were for remote positions.
In Argentina, the top five nations hiring local talent are led by the United States and include the United Kingdom and regional countries (Mexico, Chile, and Uruguay).
Global hiring is expanding into more industries, including fields like education, financial services, and real estate. Engineers and software developers lead as the most hired professions across LATAM, followed by interpreters and psychologists in Argentina. In terms of age demographics, over half of the workers fall between 25 and 34 years old, with nearly 30% below 44.
The report highlighted areas that saw the highest salary increases in LATAM between January and December: accounting, teaching, and content. However, there was a 5% decrease in the average initial salaries in Argentina during the second half of the year, alongside Nigeria, Mexico, the Netherlands, and the USA. Globally, computer engineers witnessed a 7% decrease in the average salary in 2022, while salary declines were also observed in roles dedicated to accounting, consultancy, customer support, product, and design.”