State of Global Hiring Report

Here’s a snapshot of Deel’s State of Global Hiring Report, our third semi-annual report - and the first edition that gives a full-year look at global workforce trends. From January to December 2022, we saw that:

• Global hiring sustained its momentum throughout the year, with growth across all regions. 89% of our 2022 contracts were for remote workers.

• Worker growth happened in countries with wildly varying average pay. For example, the United States now has the most global workers on Deel, overtaking the Philippines. Yet, Bangalore, India bumped San Francisco, US as the most popular city for global workers.

• Average pay for new salaries grew most in the Philippines, India, Brazil, and for roles in content, operations, and finance.

• In January 2022, involuntary terminations accounted for 28% of all contracts ended, and by December, that number grew to 42%.

• Workers in the UK, Mexico, Spain, Portugal and US, as well as software, product, and marketing roles, saw the greatest percent increase in terminations through 2022. 

• Compensation also took a hit. New worker salaries were down for accountants, customer support, consulting, design, and yes, even software engineers.

• And, unsurprisingly, the global workforce cooled on crypto. Total withdrawals at the end of 2022 are at 4%, down from 5% in the first half of the year. 

Read more on global hiring and payment trends in Deel’s third (and latest) State of Global Hiring Report.

_Methodology: Deel’s report findings pull together aggregated data from Deel’s 260k+ teammate contracts and 15,000-plus customers across more than 160 countries, as well as over 500,000 data points from third-party sources including Microverse. All countries, states, and cities in the report have at least 50 worker contracts on file as of December 2022. For payments data, all countries have at least 100 worker withdrawals as of December 2022, and percent changes are reflective of new contracts signed._