Digital Nomads: The Trend for the Global Workforce

The Digital Nomad lifestyle is one of the defining trends of the modern global workforce. This phenomenon has enabled thousands of people to change their 9 to 5 desk jobs to a more flexible and convenient workstyle that makes traveling feasible.

Although the trend had been on the rise for years, it garnered serious momentum after the COVID-19 pandemic, when people realized they can work as long as they have a reliable internet connection and a laptop. Several studies have predicted that by the end of 2023, approximately 1.88 billion people will switch to remote working, which is 43.3% of the total global workforce. 

Traditionally, the ranks of digital nomads were dominated by freelancers, independent workers and the self-employed. However, now the surge is driven by people holding traditional jobs. A digital nomad is a type of remote worker that lives and works while traveling the world. They move frequently to gain life experiences by living in different cities and countries. 

Jonathan Siddharth, CEO and-Founder, Turing, told MBN “Boundaryless work has been slowly paving the way for more and more people to work from anywhere. But then, in 2020, COVID catalyzed a massive tipping point — nearly the whole world went boundaryless for a brief moment. It was one of the biggest experiments in the history of the modern enterprise.”

Reuters specified that Mexico has become a favorable destination for digital nomads from North America and Europe due to Its geographic location and helpful visa processes. Additionally, the country offers a rich cultural experience and a lower cost of living compared to many Western countries. 

One of the most significant benefits of a digital nomadic lifestyle is cost savings for companies. Without the need for physical office spaces, companies can save money on rent, utilities and other expenses related to maintaining a physical workplace. Additionally, remote work and digital nomadism can broaden the talent pool for companies as they can hire the best candidates regardless of their location, which means they can tap into a more diverse range of skills and perspectives. It also means that employees who may not have been able to work for a particular company due to geographical limitations can now join the team.

“Employees no longer have to be limited to physical contact with bosses and colleagues and it gives them the freedom to work from anywhere with just a portable device and an internet connection. This allows people to organize their lives around their jobs, whether traveling, taking care of the family or simply for the pleasure of working from a heavenly beach or mountain,” says Francisco Hurtado, Digital Business Technology Managing Director, Minsalt.

To learn more about these trends, please register for our upcoming Mexico Talent Forum 2023 from 19 April to 20 April.