7 reasons to start hiring developers from Latin America
Want to onboard an employee in Brazil or Mexico today?
Remote work being increasingly prevalent, there are many advantages for both employee and employer to adopt it. Businesses are now embracing the distributed workforce model and faces numerous challenges in fostering effective collaboration, communication, and cohesion among team members scattered across different countries and cultures. To minimize some drawbacks, hiring developers from Latin America could bring the benefits of quality and quantity to boot.
Jump to a key chapter:
Competition for tech talent has gone global
Hiring talent is currently the hardest it’s been on record and terms like ‘the great resignation’ started becoming a boardroom topic. It’s time for businesses to look at the bigger picture when it comes to hiring. Rather than sourcing talents from the same channels and regions, employers should widen their talent pools. This is where borderless hiring comes in.
The world of tech is constantly evolving, and with it, the need for talented tech talents. With the rise of remote work, hiring and working across borders or relocating to another country are no longer exceptions but proven trends. Recognizing the necessity for a diverse workforce, more businesses has embraced the concept of hiring abroad.
Why you should consider hiring developers from Latin America
Onboard and hire tech talents from Latin America has become increasingly popular to tackle talent shortage. Indeed, about 75% of the companies looking to hire developers in recent years have considered hiring LATAM developers. The leading countries with a remarkable talent in IT and tech can be found in Latin America. They are often emerging markets that provide a pool of young, well-educated, and enthusiastic IT and tech professionals.
TALENT POWERHOUSE
With over a million software developers, Latin America is a huge tech hub with untapped talent. There are roughly over 1 million software developers in Latin America. Here are the number of software developers involved in offshore development in Latin America in 2022 according to Statista that only include some LATAM countries:
Highly skilled and experienced talents
1.
Brazil: Called the « promised land” due to the number of tech talents available businesses to hire, the Brazilian government has invested heavily in the IT education sector. There are world leading universities such as Universidade de São Paulo and Universidade Federal do Rio de Janeiro being recognized for their quality of education and research. Even companies like Meta (Facebook) are cultivating Brazilian talent, with their Hack Station program, while Google and Softbank have set down roots by investing their time and money in the region.
2.
Mexico: Not only does Mexico have the second-largest amount of tech talent in Latin America, but it is also a quickly developing engineering hotspot and global industry hub. As a result of heavy investment by both public and private initiatives in cities like Mexico City, Guadalajara, and Monterrey, Mexico has seen a sharp rise in tech graduates and startups.
Cost advantage
Cost saving is usually the first advantage the businesses are looking at when hiring developers from Latin America. Luckily, hiring developers from Latin America will help your company save money without giving up quality.
Salaries in LATAM countries tend to be lower compared to North America and Europe, making it an attractive option for companies looking to optimize their budgets. Of course, salaries in the region vary a bit depending on the profile and the job’s requirements. For instance, candidates with an advances understanding of the needed technology stacks are more likely to accepts offers from businesses offering high salary and great benefits. The chart below can give you a quick overview of the salaries differences in the region.
In addition, employer costs (i.e., payroll taxes and social costs) are fairly low in Latin America compared to many European countries. This makes hiring remote tech talents in Latin America even more affordable.
Language proficiency
Language proficiency is an essential factor to consider when hiring tech talent in Latin America. English communication in both oral and written forms is imperative. Broadly speaking, Latin America has improved its level of English. Among tech professional, English proficiency in LATAM is relatively high compared to other non-English-speaking regions.
Time zone Syncing
South America use five standard time zones. From west to east they are UTC – 5, UTC – 4, UTC – 4:30, UTC – 3 and UTC – 2.
This means that your remote team can collaborate seamlessly and in real-time with team members in the Americas and yet also overlap with part of Europe. This is also a huge advantage for companies that uses the follow-the-sun model and understand the value and benefits of overlapping schedules across their organization.
Remote-ready workforce
Latin America is one of the regions where remote work skyrocketed. From Mexico to Brazil, these countries saw their numbers of remote work rise and cause major changes to some of the country’s industries.
Global businesses looking at expanding their teams can quickly and easily hire and onboard in Latin America. Tech talents in this region often work remotely already so it will be easy to adapt to this work set-up.
Cultural compatibility
When hiring global, companies can consider many countries. However, few will provide as high of a level of cultural similarity as Latin America. Collaboration lies at the heart of successful remote teams, and cultural compatibility fosters effective collaboration. Latin America shares many cultural similarities with North America and Europe, such as professional work ethics, values, and communication styles.
Hire developers from Latin America with Europortage
Hire developers from Latin America canbe complex when you do not have an entity yet uin the region. That’s why we recommend working with a direct and local partner like Europortage.
Our team of local experts is on hand to support you throughout the entire employee lifecycle, including time-off management. We can give you clear advice on how to hire developers from Latin America, in addition to handling employment contracts, payroll, and benefits. That way, you can focus on growing a world-class team and business.
Get in touch to find out more and start hiring top talent in Brazil and Mexico!
