Hiring increased globally in 2022 despite a higher rate of involuntary terminations and lower average starting salaries in some regions in the second half of the year, according to a survey by Deel Lab, a part of employer-of-record provider Deel.
“What stands out in this state of global hiring report is that the global worker model has become the preferred option for many organizations in uncertain economic times,” said Samuel Dahan, chair of Deel Lab. “More interestingly, we note fascinating patterns, such as the US becoming the hottest market to hire global workers.”
The report found that global hiring sustained its momentum throughout the year. And while 89% of all contracts were for remote roles, many companies looked abroad to optimize talent costs.
Conversely, involuntary terminations increased toward the end of the year. In January 2022, terminations accounted for 28% of all contracts ended; by December, the percentage grew to 42%. Workers in the UK, Mexico, Spain, Portugal and the US, as well as workers in software, product and marketing roles, saw the greatest increase in terminations throughout 2022.
Mexico, the Netherlands, US, Nigeria and Argentina saw the greatest declines in new worker salaries, according to the report. In addition, accountants, customer support, consulting, product and design roles saw the biggest salary decreases globally.
Deel aggregated data from more than 260,000 of its teammate contracts, over 15,000 customers across more than 160 countries, and more than 500,000 data points from third-party sources including Microverse for the report.