Why is Nearshoring the Answer to hiring challenges?
The Competitive Job Market
In today’s job market, U.S. companies face persistent challenges in attracting and retaining talent. According to a 2024 ManpowerGroup survey, 70% of U.S. employers struggle to find suitable candidates, highlighting a serious talent gap across various industries.
The Cost of Filling Roles
To address this, many organizations have raised compensation to attract talent. However, a 2022 survey by Franklin Templeton reveals that 80% of employers find it challenging to meet rising pay expectations, suggesting that increasing salaries alone is not a sustainable solution.
Certain roles, particularly in service-based industries, are experiencing acute shortages. The U.S. Chamber of Commerce reports that the accommodation and food services sector has had a high quit rate, consistently around or above 4% since July 2022, making it difficult for companies to retain staff. In addition, the leisure and hospitality industry has maintained the highest hiring rate among all sectors since 2020, reflecting the ongoing demand for workers. This persistent need for talent underscores the struggles businesses face in staffing essential service roles.
The current hiring experience is often described as arduous and time-consuming. Employers must navigate a limited talent pool, high competition, and escalating costs, which can impede growth and innovation. Companies are now exploring alternative solutions that enable them to access high-quality talent without the overhead costs associated with traditional hiring.
How Nearshoring with Cruithunt Helps
At Cruithunt, we understand these challenges firsthand. Our journey began with similar struggles, which led us to explore nearshoring as a practical solution. By connecting U.S. companies with skilled, bilingual professionals in Mexico, nearshoring offers a strategic advantage. Here’s how:
Cost Savings: Gain high-quality talent at a fraction of U.S. hiring costs.
Bilingual, Aligned Talent: Access English-and Spanish-speaking professionals working in U.S. time zones.
Efficient Hiring: Our streamlined process helps fill roles quickly, saving valuable time.
Scalable Teams: Hire for both short- and long-term roles without the usual overhead.
Cross-Cultural Collaboration: Build diverse, resilient teams that enhance innovation and adaptability.
Nearshoring not only addresses talent shortages but also fosters collaboration, helping U.S. companies build teams that thrive in today’s competitive landscape
