When people think of global remote teams, likely the first country to pop up in anyone’s mind is India. It’s true, India has been a powerhouse for remote talent for decades, but should they still be the go-to when you are looking to build your world-class team? How does hiring in Central Asia compare to India? At TRUSS, we have experience with that!
Countries in Central Asia including Uzbekistan, Georgia, and Kazakhstan, don’t provide a lot of hard numbers on the talent shortage or even attrition. They are still a new talent market for global remote hires and, quite frankly, talent agencies haven’t put many resources into offering services in these areas if they have at all. Though we don’t have hard numbers, we do have a lot of anecdotal evidence from our own work in the region.
Is India Facing a Talent Shortage?
Before we even get into the nitty-gritty of who has the best talent, what about the talent shortage? Guess what, the issues we are facing over here in the U.S. with talent shortages, especially when it comes to engineering, are almost as bad over in India.
According to a recent Forbes article, India actually ranks third in the world with a 39% talent shortage. To put that in perspective, Western Europe is at 43%, and topping out the talent shortage list is the U.S. at 45%. If your primary goal in going to India is to solve your talent shortage, you’re just going to be facing the same problems in India.
Has TRUSS Experienced a Talent Shortage in Central Asia?
Right now, we can say that the talent pool in Central Asia has honestly never been better. Not only are many of these Central Asian countries getting behind the idea of remote global work, especially in tech, but some, like Uzbekistan, are even backing that up with special programs and projects designed to provide better benefits for U.S. companies looking to tap into their talent pools.
Additionally, 2022 saw a flood of talent migrate to Central Asia, especially in Uzbekistan, Georgia, and Kazakhstan. When tens of thousands of talented people are on the move, you have to look at where their feet are landing.
Read More: Harness the Growing Tech Talent in Uzbekistan
What is Talent Attrition Like in India?
In 2022, the IT industry in India reported a 25.2% attrition rate. This means that over a quarter of the people you hire in India will likely leave wasting all your hiring and training time. This attrition rate is expected to only go up in 2023. This 25.2% number is likely even higher if you were to factor in only remote IT talent.
Has TRUSS had to Deal With Attrition in Central Asia?
Again, finding numbers, especially ones specific to remote IT positions, is incredibly hard. However, TRUSS has had amazing success in recruiting great talent that stays. We’ve helped many growing companies build teams in Uzbekistan and Georgia, with our service soon to open in Kazakhstan as well. Though we can’t share specifics about the companies we’ve worked with, we can say that many have experienced 0% attrition with us thus far, and the few that have experienced attrition can count lost employees on one hand.
Companies that have built global remote teams with us are finding out what we already knew, candidates in Central Asia are not only skilled, fluent in English, and ready to work, but they are incredibly loyal too which is a refreshing trait to have in IT candidates these days.
How do the Taxes in India Compare to Central Asia?
Hire With TRUSS in Central Asia
At TRUSS, we can provide end-to-end hiring and employment solutions for candidates in Uzbekistan, Georgia, and very soon in Kazakhstan too. Not only does this mean we can provide employer-of-record services, but we can also source the talent you are looking for and continue to manage things like payroll and compliance after you have made the hires.
