The Real Cost of Currency Fluctuations

In episode #52, Hunter Miranda and Eric Farber discuss the complexities of offshore hiring, particularly focusing on the impact of currency fluctuations on payroll and employee retention. The hosts emphasize the importance of understanding local currency dynamics and the competitive hiring landscape in Latin America. The discussion also highlights the need for strategic hiring practices that prioritize quality over quantity, ensuring that businesses remain efficient and effective in their operations. Takeaways: The dollar’s value fluctuates, impacting offshore hiring costs. Currency fluctuations can significantly increase payroll expenses. Paying employees in local currency can improve retention rates. The hiring market in Latin America is highly competitive right now. Delays in hiring can lead to losing top candidates to competitors. Businesses need to be more efficient with their hiring practices. Understanding market fluctuations is crucial for business operations. Effective hiring strategies can lead to better results and efficiency. If you’re a founder, CEO, or hiring leader, this episode is for you. Chapters: 00:00 Understanding Currency Fluctuations in Offshore Hiring 02:48 The Impact of Currency on Payroll and Benefits 05:57 Navigating the Competitive Hiring Landscape 08:50 Strategic Hiring: Quality Over Quantity 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

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