Salt Lake City has fast become a tech industry hub in the United States.
Salt Lake City recorded a 22.9% growth in tech jobs in 2021 and 2022 — outpacing the U.S. tech job growth rate of 10.1% from 2020 to 2021. The tech industry in Salt Lake City continues to grow and has pushed the Utah city to #4 in the list of Tech 30 markets in the country. With the exponential growth of the tech industry in the city, many growing tech companies and startups are looking to add talented employees to their teams — but that may be easier said than done in an ultra-competitive market.
Are you hiring tech talent in Salt Lake City? You may want to try hiring global talent — and Truss can help you find, recruit, and hire elite talent for your tech company.
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The Challenges of Hiring Tech Talent in Salt Lake City
The tech industry is ultra competitive and it has proven to be a real challenge for tech companies and startups in Salt Lake City. Established tech companies and startups in the city are vying for the same talent and that high level of demand in this market drives up salaries and makes it even more difficult to find the talent that your team needs and retain it — in a finite talent pool.
An added challenge in the tech industry is companies finding the talent with the right skillsets to meet company needs. Tech companies often require talented individuals with niche skills and specialties that not all applicants will possess — which adds to the challenge when faced with a finite talent pool in the Salt Lake City area. Tech companies in need of employees with a specific set of skills may not have the time and resources to search for, find, interview, and onboard talent in Salt Lake City — which can have a negative impact on company growth and project deadlines.
Expanding Your Horizons: The Benefits of Hiring Global Talent
Have you exhausted your options hiring local tech talent in Salt Lake City? Are salaries getting too high? Are you struggling to find candidates with the right skillset? In an ultra-competitive industry, you may want to look across the globe to find the talent you need for your tech company.
Here is a list of key benefits you will discover when you hire global talent:
- Lower Employment Costs — Tech-related salaries have risen to unprecedented levels with the exponential growth of the industry. Tech companies that hire global talent will benefit from lower employment costs that include lower salaries, lower taxes, and more affordable benefits than U.S.-based counterparts.
- Wider Talent Pool — A primary challenge of hiring in local cities like Salt Lake City is a finite pool of qualified talent that fits your needs. When you expand your search to include other countries and other emerging markets, you increase the list of qualified candidates for your team exponentially.
- Faster Hiring — Do you need a software developer now to meet a project deadline? The time to hire in a global market is faster when you have a deeper pool of candidates and can provide competitive salaries.
- 24/7 Productivity — Are you looking for ways to increase productivity? A remote global team may be able to help. With employees around the globe in different time zones, you have the ability to serve customers around the clock and maximize productivity.
- Improved Diversity — Different ideas, perspectives, experiences, ideas, and skillsets are a highlight of a diverse global team. Not only do you benefit from new ideas and new processes, you will build a diverse culture.
READ MORE: Wage Differences for Local and Global Tech Talent
How To Navigate the Challenges of Global Hiring
While the benefits of hiring global talent far outweigh the challenges — global hiring is not without its own complexities. When you hire a global team, it is imperative that you know and understand the local labor laws, know how to manage a global payroll, know how to manage employee benefits in different countries, and remain compliant with employment laws.
How do you minimize the impact of these challenges? Partnering with an Employer of Record (EOR) — like Truss — will check all the boxes. An employer of record functions as the legal employer of global employees and accepts the responsibility of handling HR and compliance challenges on your behalf. When you partner with an employer of record, you do not have to waste time worrying about the challenges of hiring global employees, and instead focus on your business goals.
Solution: Truss
Truss can help you find, recruit, hire, onboard, and manage remote global employees with a comprehensive platform of employer of record solutions and a proven global hiring process. The Truss Team has years of experience in Central Asia, Eastern Europe, and other regions of the world with detailed knowledge of the local tech industries and local employment laws in each country. With Truss on your side, you can mitigate the challenges of employing a global team and avoid compliance mistakes.
Truss employs an expert team with experience handling any and all payroll, taxes, benefits, and human resources challenges that you may face. Not only will we help you handle the logistics and legal compliance challenges of a remote global team, we understand how important the right fit is to your success. We vet all potential candidates and will only provide you with a list of candidates that have the technical skills you need and the ability to communicate with your team across cultural and language barriers.
READ MORE: How to Build Modern Tech Team with Remote Work and AI
Hire Global Talent Today with Truss
The explosion of the tech industry in Salt Lake City has made it a hotbed for established tech companies and startups alike. If you are hoping to hire tech talent in Salt Lake City and you are struggling to find the right fit — you may want to try hiring global talent with the help of Truss. When you choose Truss as your EOR partner, you will be able to navigate the challenges and complexities of employing a global team with no trouble.
Tech companies that are ready to dive into the global talent pool can contact Truss today to learn more about our global hiring and EOR solutions that will help your company grow.
