Why Latam?
The world is “shrinking” and technology developers are spread across many different countries.
But why is it more advantageous to hire from Latin America?
Time zones
Managing talents from other countries can become difficult for companies when the time zones are very different. This is not the case with technology developers from Latin America in U.S. companies. Since the time zones are very close, management and communication with the professionals is much easier and more practical.
Favorable Exchange Rates
Latin America’s base wages are lower compared to those in the US and Europe. This makes it easier to hire LATAM professionals at lower prices. In the area of technology, for example, regional demand is lower, and this makes average salaries lower than in the US.
Untapped Potential
The global demand for technology professionals (software engineers, developers and programmers) is significantly increasing year after year. According to data from Evans Data Corporation (EDC), there are currently 26.9 million developers worldwide. This number is estimated to increase by about 1 million each year and Latin America is the region with the second highest growth in developers globally.
Cultural Similarities
Latin American countries have cultural experiences similar to those of the US. This makes integrating members of the same team easier, even in different countries.