What are the advantages of hiring in LATAM?

The acceleration in connectivity, access to information, and social mobility have been some of the ingredients that have led Latin Americans to develop technical and professional skills at first-world levels.

 

A few decades ago, the so-called brain drain was a common phenomenon among Hispanic professionals who had the chance to study at the best universities in the world; Once their academic preparation was over, they preferred to reside permanently in the cities that welcomed them. However, the story of top-tier talent in Latin America has changed in form and substance.

 

These types of professionals today have multiplied their number thanks to access to top-quality virtual training, which goes hand in hand with the new demand for talent in areas of virtual development. At the same time, thanks to professionals who trained in the best universities and companies in the world, they returned to their country of origin to develop their skills within the academy or create ventures that raised local standards.

In addition, a new generation of talents does not see the need to move permanently to first-world countries since the accessibility of remote jobs with first-level companies has increased, and housing costs and quality of life are lower in Latin American areas.

 

The new generation of talent in Latin countries has created the perfect context to be one of the most fertile and fruitful areas in the field of business and technology, being home to the most successful startups, scaleups, and unicorns in the world, such as Nubank, Rappi, Ifood, 99, NotCo, Kavak, and many others.

 

With the new remote work tools, large companies in the United States have seen areas of opportunity throughout Latin America to grow their workforce, especially in Mexico, Brazil, Colombia, Chile, and Argentina; the cities of Guadalajara and Monterrey (Mexico), Curitiba and Minas Gerais (Brazil), the most prominent outside the capital centers of each country correspondingly. But, within this entire area of opportunity, what have been the most significant advantages for more companies to bet on Latin American talent?

1. Cost-effectiveness

The average salary for highly-skilled talent in the region tends to be lower than in the US, making these talents more affordable for companies. It goes hand in hand with the fact that the costs of housing, lifestyle, and others are more accessible in Latin America than in first-world countries, so income expectations are also reduced.

2. Solid technological environment

Latin America is a very fertile region for tech companies and startups. The area has several technological hubs, especially in Brazil, Mexico, and Colombia; adding to this, access to early talent training is increasingly affordable, which causes sustainable development of the technology sector.

3. Cultural similarities to the US

American countries share more than a familiar territory but also a similar cultural background that facilitates the integration of foreign team members.

4. Similar time zones

The time differences between Latin America and the United States are minimal, so team synchronization is facilitated.

 

The intellectual development that Latin America presents is an opportunity for top-level companies in the United States that seek to increase their horizons in terms of budget and cultural enrichment. At the same time, Latin talent seeks the experience that top-tier companies can offer, creating a productive environment for both parties.

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What are the advantages of hiring in LATAM?

A few decades ago, the so-called brain drain was a common phenomenon among Hispanic professionals who had the chance to study at the best universities in the world; Once their academic preparation was over, they preferred to reside permanently in the cities that welcomed them. However, the story of top-tier talent in Latin America has changed in form and substance.

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