Remotely.works

What do you do after selling a startup for $130M? Get back to work and build Remotely.works 🚀 — so the best global talent gets connected to the best opportunities. More on our founding story in the podcast below 👇

We had a great #NYTW last week! Huge thanks to Struck Capital and all those who could attend: meez, blisce, Headline, GibsonAI and more 🚀

After recent discussions with leadership teams at tech companies, it's clear that many US-based software businesses continue to prioritize cost efficiency and engineering performance. If you're looking to follow this approach, consider the equation: An American software engineer earning $200k annually would only cost approximately $80k if based in Latin America. The potential savings go beyond just base compensation. Within three years, a US-based engineering role will accrue one-time fees of $60-80k and increased operational costs of $360-450k.For small teams consisting of 5-10 individuals, this approach can save millions when managed effectively. Our organization specializes in overcoming the unique challenges of managing remote engineering teams, possessing the necessary expertise to assist you in building and maintaining exceptional engineering teams anywhere in the world. ——— Here’s a breakdown of the math: 👨💻 Ongoing operating costs: in general, you can expect a 2-3x reduction in compensation for talent in Latin America (our salary guide gives a more granular view of compensation at different seniority levels). Contractor relationships (as opposed to employee relationships), provide additional savings in terms of payroll taxes. We’re advocates of contractor relationships in Latin America (via our Remotely model). – Assuming an annual salary difference of $200k vs $80k for the same talent profile, you are looking at $10k per month in salary alone via Remotely. More when you consider payroll taxes, health insurance and other overhead costs. 🔎 Recruiting costs: recruiters charge in the vicinity of 15-20% of base salary, so you’re looking at a $30-40k one-off expense with a technical recruiter in the US. The technical recruiter is incentivized to keep the developer retained through their 3-6 month guarantee but then welcomes the opportunity to place the developer elsewhere (to earn another fee). –With Remotely’s model, there’s no recruiter fee, giving you $30-40k in savings. 🤝 Retention costs (or lack of thereof): having built and operated teams in US, UK, and Latam, we’ve seen consistently higher loyalty and employee engagement in Latam than in the US (or UK). Retaining US developers is harder, and churn is higher–and replacement costs are more frequent. To retain your team size, you’ll need to hire more developers in the US than in Latam in order to make up for the attrition. Want to see what these numbers could look like for your company? https://lnkd.in/eVA3Xa_8

Thanks for the shoutout Chris Ballance, CISSP, ex-Microsoft, ex-Volvo—and the awesome partnership! What a fantastic team, and kudos on an outstanding year PetScreening 💪

Looking for ways to engage and connect with your remote team? Look no further! Our co-founder Jose de Cabo sat down with Jared Kleinert, the pioneering co-founder and CEO of Offsite, to discuss the transformative potential of well-planned offsites in today's remote work landscape. Offsite is an official partner of Remotely - we're big fans and love sharing their service with our customers. Jared shared some valuable insights into forward-thinking trends for planning your next offsite, including tips on optimal length, budget considerations, and choosing a location that aligns with your team's vibe. He also introduced the cadence, their expert formula for spacing out offsites throughout the year, designed to boost team morale and innovation. For business leaders looking to foster growth and unity within their remote teams, this dialogue is packed with actionable insights. Check out the full conversation and start planning offsites that will inspire and revitalize your team! https://lnkd.in/gFQB3nfD. #GrowthMindset #RemoteTeam #StrategicPlanning

🚀 Remotely Engineered! 🚀 Pau Sabria, our co-founder, dropped some wisdom on the #VentureEverywhere podcast with Scott Hartley of Everywhere Ventures. They unpack the essentials of building resilient startups and why embracing change is key to growth. 🌱 #entrepreneurship #remotework #startups #startupstory #remote

Take it away, Nijay 🎤 ...you have the floor! Thanks for the referral, Greylock 🙏 #remotely #engineeringjobs #hiring https://lnkd.in/eDwFe-UF

"Firms keep expanding their labor markets to recruit the best talent."

👋We’re here at Mobile World Congress this week! Reach out to Pau Sabria, Jennifer Rector & Sebastian Alvarez if you’re around!

From feverish growth obsession to a newfound reverence for capital efficiency and robust profit margin, tech companies are navigating a pretty seismic shift. We sat down with Nirvana's CTO and Co-founder, Urvish Parikh, to talk about how they hit their (ambitious) goals by finding focus, building feedback loops, and employing a strategy of sequencing. Read the full story ⤵ ----- ➡ A New Equilibrium: 2023 proved to be more stable for private markets, with fewer deals and fewer dollars. Following the 2021 bull market and extreme volatility in 2022—we seem to have reached this new equilibrium. ⏰ Longer Runways: The median time between funding rounds has been rising over the past two years across all stages, Q4 2023 closed with an average of 27 months (Seed to A), 30 months (A to B), and 28.6 months (B to C). (Carta) #startupgrowth #startupstrategy