Is your tech company growing? When it is time to hire, it can be a challenge to find the talent that you need at a salary that your growing company can afford to pay. This challenge has made hiring remote tech employees from around the world a viable option for many growing tech companies and startups — but where should you find and hire talent?
Truss may be able to provide you with an answer to your question. Central Asia has been transformed into an emerging market for tech companies that want to hire remote talent with growth that is driven by recruiting hotspots like — Uzbekistan, Kazakhstan, and Georgia. Not only will U.S.-based tech companies find talent in Central Asia, they will enjoy the financial benefits that go with hiring in the region.
We hope that this quick overview highlights how to scale your team and makes the financial case for Central Asia as your hiring location with the help of Truss. Contact Truss today for more information on our global hiring platform built for tech companies!
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5 Financial Reasons to Grow Your Team in Central Asia
Hiring remote workers around the globe provides hiring companies with a number of financial advantages that are hard to pass up. With an emphasis on tech-based education and careers in Central Asia, the region has developed a deep talent pool that promises to benefit tech companies that want to scale up their business.
The element of hiring remote tech talent in Central Asia that gets overlooked are the financial benefits that go hand in hand with a global workforce. Lower salaries and employment costs are always top of mind for hiring companies — but there are multiple financial reasons to grow your team in Central Asia.
1. Lower Labor Costs Compared to U.S. Market
The primary reason that growing and startup tech companies hire in different parts of the world, like Central Asia, are the lower labor and salary costs. Tech industry salary requirements in the United States have continued to climb — making the lower labor costs in Central Asia even more attractive. The average salary for a software developer in the United States is more than $100,000 per year, while the average salary for a software developer in Kazakhstan and Uzbekistan ranges from $40,000 to $60,000.
2. Reduced Operational Costs Lead to Increased Investment
Labor costs and salaries represent a significant portion of operational costs for many tech startups, and with lower salaries, it reduces overall operational costs. The lower costs are a key financial variable, but with lower operational costs, tech companies can increase their investment in the workforce or other aspects of the business that can lead to faster growth.
3. Increased Operational Productivity
Hiring remote tech employees in different parts of the world and different time zones has the potential to increase operational productivity and lead to financial success. When you have a global team in different time zones, it allows your company to provide enhanced customer support for your clients and improve your ability to finish projects faster. A remote workforce that includes tech talent in Central Asia will help you increase productivity without having to expand the headcount of your team.
4. Government Tax Incentives
The growth of the tech industry in places like Kazakhstan in Central Asia are due in large part to government investment in tech-based education and careers. The Astana Hub International Technopark in Kazakhstan is a prime example where U.S. companies can hire tech talent and enjoy multiple tax incentives that include 0% Corporate Income Tax, 0% Personal Income Tax, and 0% Social Tax. The Kazakhstan government also provides simplified visas and funding for tech companies that want to invest in the tech workforce in the country.
5. Increased Innovation and Higher Returns
The addition of remote tech employees to your workforce has additional financial implications. With a diverse workforce that adds diverse thought and diverse approaches to tech projects, tech companies may find new and innovative ways to improve products and solve problems. Armed with a more diverse way of thinking, you can deliver improved results that can lead to a higher Return on Investment — which is a direct financial benefit to your company.
READ MORE: Why Is It Time to Diversify Your Talent Portfolio?
Scale Your Team in Central Asia with Truss
A deep talent pool and lower employment costs make hiring remote tech employees in Central Asia a true benefit for U.S.-based tech companies and the benefits do not end there. There is a financial case for scaling your team in Central Asia that makes this strategy viable for tech companies that are hoping to grow and thrive — and Truss is here to help.
Truss provides tech companies with an innovative global hiring platform and a global team that will help your company find, recruit, and hire talented tech employees in Central Asia and other parts of the world. When you provide us with your list of open positions and skill requirements, the Truss Team will provide you with a list of prospective employees to interview. When you have found the perfect fit for your team, we will help you onboard and manage your remote team members and we are capable of serving as your Employer of Record in Central Asia to ensure you remain legally compliant with local labor laws.
Contact Truss today to learn more about how we can help you grow your tech business!
