Preparing for the unexpected: How Indian remote talent can help global companies get #RecessionReady

Organizations can build more robust companies through remote work, even during economic uncertainty. As talks about recession have increased in the last few weeks, businesses everywhere are looking for ways to reduce costs and become more flexible.

The recession has recently forced companies such as Amazon, Twitter, and Meta to lay off thousands of employees. To cut costs, it is common to lay off employees.

Although large corporations can manage with a limited workforce, small businesses may need more staff. However, the current economic climate might only allow some to hire part-time employees.

The solution?

Remote hiring.

To keep your business profitable, it's time to rethink your business model and make wise choices.

Remote work is the future, and remote hiring Indians is an efficient, quick option for ambitious businesses focused on growth. Instead of worrying about laying off employees, start outsourcing your work to remote talents in India.

"One of the best benefits of outsourcing in times of a recession is that you save a ton of money - on taxes, recruitment, and admin costs. When everything about running a business is unpredictable, remote work can minimize some bigger risks." - Neelesh Rangwani, Co-founder at Wishup.

According to Global Workplace Analytics, employers can save an average of $11,000 per remote half-time worker. Working remotely can save employees $4,000 a year on work-related expenses, according to Flexjobs.

5 ways in which hiring Indian remote talents can help global companies get #RecessionReady

1. Improves productivity

According to a 2021 report by?Owl Labs, 83% of surveyed workers said they have the same productivity level — or higher —?when working from home compared to the office. That's because they're able to focus without distractions.

2. Reduces overhead cost

If your employees work from home, you don't have to pay for a physical location anymore and can use that money toward funding future projects or investing in new tools or equipment that will help your business grow even faster.

3. Hire top talent

By allowing employees to work remotely, you'll open up access to a wider pool of candidates who might not have considered working at your company otherwise — people who might not be willing to relocate or commute long distances for their jobs.

4. More profit than loss

Remote work can help your company generate more profit. Companies that have tried it notice a decrease in operating costs and an increase in profits.

5. Happier employees

A study by?Stanford?found that working from home increased productivity by 13%. The same study reports that workers improved work satisfaction, and attrition rates decreased by 50%.

Why you should hire an Indian remote talent from Uplers

At Uplers, we have a rigorous selection process, and only the top 3.5% of applicants make the cut. All our talents are hand-picked, vetted, and screened thoroughly, where they become familiar with the various tools and software they will use as a part of their job.