U.S. companies are struggling to find local talent to fuel their growth due to talent shortages.
The skills gap in finance and IT sectors is exacerbating the problem, leading to lost productivity equivalent to $5.5 trillion by next year.
To address these shortages, companies are adopting skills-based hiring and looking for talent abroad, with regions like India, Eastern Europe, and the Philippines emerging as top destinations.
Global hiring offers benefits beyond filling talent gaps, including innovation, scalability, and resilience, as companies tap into 24/7 productivity and access regional expertise.