As we move away from the era of the COVID pandemic, fully-remote work has become normalized, prompting more companies to consider hiring talent beyond the shore. If similar time zones and cultural compatibility are important to you, this list should be a great place to start when choosing a country to work with.
Considering nearshoring talent in 2022? This list should help make your decision a little easier.
Nearshoring talent from Latin America is easier than ever, and competitiveness has become so consistent across the region that it's hard to narrow it down to just a few countries, below you'll find some of the reasons we recommend looking at these particularly interesting locations.
When considering what country in Latam to nearshore your talent to in 2022, here are some things to keep in mind:
- How much does it cost?
- What is their work ethic? Are they efficient and reliable? Can you trust them with sensitive data or information?
- How far away are they from you physically and figuratively? Do they speak English fluently and understand American culture (or Euro-centric) well enough for communication purposes during meetings or projects that require collaboration between both parties across different time zones.
Argentina
Did anyone say "asado"?
Argentina is one of the most popular destinations to outsource to, and with good reason. The country has ranked first in Latin America multiple times in English proficiency and technology competitiveness, according to Deloitte's Global Outsourcing Survey and Coursera's Global Skills Index (among dozens of other studies).
Argentina has also been nicknamed "the land of unlimited possibilities" because it's home to most of the major multinational companies on the Fortune 500 list.
Costa Rica
Costa Rica is a "pura vida" choice for your next outsourcing location, so much so that it has been nicknamed 'the Silicon Valley of Central America'. The country has a stable government and growing economy, along with outstanding cultural compatibility and proximity to the US, Canada, and Europe.
Due to its neutral status and absence of military force, Costa Rica is a diplomatic hub in the Americas—it’s home to the United Nations Food and Agriculture Organization (FAO), World Health Organization (WHO), International Telecommunications Union (ITU) as well as other UN agencies and other globally-influencing diplomatic entities.
Colombia
Colombia is one of the fastest-growing economies in Latin America. As a result, it has a very high-quality workforce, which makes it an attractive outsourcing destination for tech companies looking to expand their operations abroad.
Colombia offers a low cost of living and a stable economy. This makes it easy for companies to recruit talent from around the world or move employees there temporarily (as many companies do with their sales teams).
There are plenty of other benefits as well: Colombian workers speak English at an advanced level compared to other Latam countries; they're also more likely than most other Latinos to have studied abroad at some point in their lives—making them ideal candidates for working remotely with clients based outside Colombia's borders.
Chile
Chile, with its strong economy and growing tech scene, is one of the best countries in Latam to outsource from. Chile has one of the lowest attrition rates in the tech industry, despite having some of the lowest average compensations, this is due to the country's low cost of living. This combination means you can find excellent talent at a much lower cost than in other locations in the region.
Brazil
Brazil is the largest country in South America, with a population of over 200 million people. It's also the world's fifth-largest economy, and its GDP is projected to grow by 2% this year. The country has a large number of universities and colleges, which makes it an ideal location for outsourcing projects related to information technology (IT).
Brazilian businesses are increasingly adopting digital solutions like cloud computing or artificial intelligence (AI), which means there are plenty of opportunities for foreign companies looking to outsource their IT development needs. In addition to being able to access talented developers at affordable rates.
Panama
The country has one of the strongest economies in Central America due to its strategic location for commerce and trade, making it an ideal place to start or grow your business. In addition to being able to access talent at affordable rates, you'll be able to secure additional advantages like lower taxes due to tax incentives by the local government to encourage business in the country.
Much like Costa Rica, Panama also consistently ranks among the top nations in the Americas for retirees due to its high quality of affordable healthcare, giving you one extra excuse to visit.
Bolivia
Bolivia is one of the most affordable countries in the world to outsource to. It also has a high quality of life, with great weather and natural beauty. The people are friendly, welcoming, and helpful to foreigners as well.
One thing that makes Bolivia attractive for outsourcing companies is that it has several growing tech communities in areas such as Quality Assurance and Full Stack Development.
Mexico
Mexico has been ranked among the top 10 countries with the highest number of IT professionals per capita (according to World Talent Report 2020). The country also ranks third in terms of its number of engineers, making it a great location for outsourcing work such as software development and custom app development.
Mexico is also the only Latin American nation in North America, making it the closest in proximity to the US and Canada.
The last thing you want is to outsource overseas and then realize that it wasn’t the right choice after all. The list above is meant to provide you with some low-risk options based on our experiences working with talent from these locations. If you are looking to hire code experts, our talent network of 12+ countries and more than 250 professionals, paired with top-of-the-line quality service is at your disposal. Hiring from anywhere in LatAm is easier than ever, and we're here to help you do that.
