Navigating Economic Disruption in Outsourcing

In episode 43 Hunter Miranda and Eric Farber discuss the implications of the declining US dollar on outsourcing and nearshore hiring practices, particularly in Latin America. They explore how economic fluctuations, inflation, and tariffs are affecting job markets and hiring decisions in countries like Mexico and Colombia. The discussion highlights the challenges faced by companies in maintaining efficiency while navigating rising costs and the demand for skilled labor, particularly English-speaking professionals. Takeaways: The US dollar has seen a significant decline, impacting outsourcing. Companies are hiring fewer employees and expecting more efficiency. Economic downturns lead to increased job insecurity and hiring hesitance. Latin American countries are becoming more expensive for outsourcing. Colombians are demanding higher wages due to economic changes. The cost of benefits in Latin America is lower than in the US. The job market is shifting as companies seek more efficient hiring solutions. Chapters: 00:00 Economic Disruption and the Declining Dollar 02:53 Impact on Nearshore Hiring Practices 05:57 Challenges in Latin American Economies 08:50 Tariffs and Their Economic Implications 11:57 The Future of Outsourcing and Skills Demand About the show: Hire Smart helps business leaders build teams that scale smart and stay strong. Hosted by Eric Farber and Hunter Miranda, the show offers actionable insights into hiring, company culture, and leadership in the age of rapid growth and AI-driven transformation. Subscribe and learn how to hire better, lead stronger, and grow smarter. Hire the top 1% of LATAM talent and save 70% on payroll More episodes: https://hiresmartscalefast.io/ Subscribe to our newsletter: https://vivaglobal.us/subscribe-newsletter