India is full of talent; with over 1.4 billion people, it is the second-largest country by population and the second-largest English-speaking country after the United States. Being one of the top hubs for remote workers, it offers a growing talent pool, making it an attractive opportunity and savvy choice for companies worldwide looking to grow their workforce and international presence. One question arises if the time has come to hire remote employees from India.
With its vastly young and educated population, India is a great talent pool for companies worldwide. Indian professionals offer:
- Programming and English skills
- Cost economy due to lower wages (you can get a developer at 1/5th of the cost in San Francisco)
- Increasing quality of local companies
- The younger population that can adjust timings
Why is Hiring Remote Employees from India Popular?
India has one of the world’s fastest-growing economies, but it needs to create five to ten million jobs per year to keep up with the growth rate. As a result, the unemployment rate for university graduates is high, and many Indians are frequently forced to look for work abroad.
This has increased the number of Indian professionals working as expatriates in the United States, United Kingdom, Singapore, Indonesia, and elsewhere. This talent surplus benefits companies looking to hire highly skilled candidates for their startups and global corporations.
Let’s Look at “The Lesser-Known” Benefits of Hiring Remote Employees – 2022
- Boosted Efficiency. According to studies, remote employees are more productive than on-site employees.
- Employers can access a broader range of talent pools. When you must hire employees from a specific location, you limit your talent pool. Remote work, however, gives you access to the best talent from all over the world.
- It reduces overall Business Costs like: Real Estate, Office Furniture, Office Supplies & Bills, Transport Compensation
- Reduced costs for employees because the financial drag of eating out and commuting is practically eliminated.
- Increased employee retention because, let’s be honest, the ability to avoid commuting is a big selling point.
- Improved communication skills. Successful remote work depends entirely on effective communication by every employee to ensure smooth coordination, which has increased employees’ communication skills, making them more valuable.
- Improved mental & physical health.
Although a whopping 56% of employees from a worldwide study wish to work remotely post the COVID wave, the remaining 44% have reasons to want to work on-site. Leading us to the flip side of remote employment:
- Unplugging after work
- Collaborating and/or communicating
- Distractions at home
- Employers demanding longer work hours/expecting to work at ungodly hours
- Staying motivated
- Taking vacation time
Because of the Covid-19 pandemic, the world witnessed a historic shift in the 2020 job market. While some companies used to provide the ability to work from home as a perk, it is now the norm for most businesses.
By 2025, it is expected that 70% of the workforce will be working remotely at least five days per month. While 2020 may have been regarded as the year of remote work, this very trend is getting more popular by the year. It would surprise you that the search for remote jobs since the pandemic has increased by 460%.
- Highly qualified and sought-after talent
The country is no longer just for IT or BPO workers. You have a pool of skilled talent with diverse educational backgrounds and experience in business, management, finance, marketing, operations, and others.
- India has one of the largest English-speaking populations
According to various estimates, at least 140 million people in India speak English, with at least 70 million being able to read, write, and speak the language perfectly. English is the medium of instruction for urban Indian students.
- Indians follow US pop culture a lot
Indians are avid consumers of American movies, music, and television. There is a generation of Indians who not only enjoy but also grew up watching shows like Friends, How I Met Your Mother, and The Big Bang Theory.
India was the first stop on the Avengers: Endgame press tour. This was on purpose. There is a reason why various industries now see India as having enormous business and growth potential.
- India has a thriving startup ecosystem
The Indian startup ecosystem has seen massive growth in the last 7-10 years. The current workforce in India is multi-skilled and multi-talented. They are quick to learn, understand the intricacies of their jobs, and deliver on their work daily.
- India Is Developing Fast
Since the pandemic, remote work has become commonplace in the country and elsewhere in the world. This has made it far easier and more convenient for businesses abroad to access top remote employees in India.
Any way you cut it, India is now home to top talent, remote and conventional. With worker shortages in the United States expected to worsen in the coming years, the demand for skilled talent will remain high.
Hiring remote employees from India is a great alternative and safeguard. The ability and talent are readily available. And when you hire from a remote employee marketplace, getting your hands on the best remote talent in India becomes a relatively simple and painless process.
- Why do companies hire from India?
India is regarded as one of the most cost-effective countries for employee leasing. You will have a talented pool of employees to choose from and skilled employees who are familiar with the business culture.
- How do remote workers get taxed in India?
This means resident individuals in India will be required to pay tax on the salary earned for the services rendered in India and on the income sourced from outside India, such as rental income, interest income, capital gains, etc.
- Can I work from India and get paid in USD?
You are working in India. You are not allowed to maintain a $ account in the US to receive the salary, nor can you maintain a $ account in India with an Indian Bank. So your salary will be converted into Indian Rupees, according to the current exchange rate.