A recent executive order signed by President Donald Trump to suspend H-1B work visas is opening up new business partnership opportunities with nearshoring companies.
The H-1B work visa covers skilled workers such as software developers, and the executive order signed toward the end of June has the potential to limit the availability of many workers in places like Silicon Valley and other hubs of technological development.
The suspension means many start-ups are facing various logistical challenges without the wider pool of talent that the H-1B visa provides.
Pandemic Highlight Benefits of Nearshoring
Nearshoring was already growing in popularity before the Covid-19 virus appeared and the subsequent lockdowns and social distancing measures have made it an increasingly appealing solution for many businesses in the United States. When conducted through nearshoring, taking advantage of software development talent from abroad makes it a much simpler and easier managed solution for companies in need.
Nearshoring enables companies to hire teams with the technical expertise they need for web and app development projects from locations with a similar time zone, language and culture.
The H-1B work visa ban has only increased the urgency and demand for nearshoring business partnerships. It is also not only a proactive response to the pandemic problems and the visa ban, but a potentially long-term hiring strategy that lets businesses access the talent they need only when they need it.
Nearshore Partnerships Benefitting from Remote Shift
The measures brought in to combat the spread of Covid-19 have demonstrated that working remote can be highly beneficial to a business. Studies have shown that the shift to remote working as businesses closed their usual premises can increase employee productivity as well as their general well being and feelings of happiness.
The remote shift has shown that nearshoring is a viable and even advantageous business strategy. Companies that use a nearshore business partner in the wake of the visa ban are getting ahead of the game by figuring out all the best practices for working with remote teams. This includes the organization of communication networks, progress tracking and future development plans, which further help them build mutually beneficial professional business partnerships.
Nearshore companies are definitely benefitting from the closer connection to businesses based in the United States as well. The state-of-the-art technology in the U.S., as well as the world class research and a multitude of exciting new start-ups with huge potential, is exactly the kind of business environment in which nearshore companies thrive.
Nearshore Flexibility Ideal for Start-Ups
The flexibility that nearshoring provides is fueling many start-up’s burgeoning beginnings. Nearshore partners offer ready-to-scale models which suit new companies with fewer staff perfectly. Nearshoring can also give these start-ups a national and global presence, which they can build upon with access to markets beyond their immediate location.
Even as the social distancing measures are slowly eased off, and when the visa ban is lifted at some point in the future, it seems nearshoring will remain firmly established as an attractive business strategy for new and expanding businesses.
If you are interested in partnering with a reliable, US-owned nearshore technology partner or you would like to find out more about our nearshore development services or technical staff augmentation, please contact our team on +1 800 974 7219 ext. 202 or using our contact form here.