Why Latin America for Custom Software Development
October 18, 2021 / in Remote Workers,

Latin America is a rich source of high quality tech and IT developer talent that demands affordable salaries while being highly trained. Here's what to know. When it comes to recruiting high-caliber tech personnel, global tech companies are struggling to find and retain talent. Figures from the World Economic Forum show that at the end of 2020, around 1.4 million computer jobs in the tech industry remained unfilled. The US produces around 65,000 computer science graduates each year, which means it's unlikely the gap between supply and demand is likely to lessen any time soon. As a result of the Covid-19 pandemic and economic recovery, tech companies are increasingly comfortable with recruiting remote workers to fill their vacancies. This is where the pool of highly skilled and qualified South American tech specialists can help to fill the current tech services personnel gap. Here we take a look at some of the reasons why Latin America has such a rich supply of IT developers and tech personnel that may be successfully recruited into the US labor force.

Latin America tech talent for leading companies

Tech Hub

Increasing access to venture capital over the past decade or so has provided a powerful catalyst for growth in South America's IT sector. In much the same way as Silicon Valley became a hub of IT activity during the 1980s, there are now several areas in the country where the concentration of tech-related industry is high. Some of these include Sao Paulo (Brazil), Mexico City (Mexico), Medellin (Colombia), and Buenos Aries (Argentina). The businesses in these areas (amongst others) employ domestic computer science graduates, equipping them with the skills and experience necessary to become high-value IT workers. Not only can these workers be successfully recruited to help plug the US skills shortage, a high percentage of these workers are also highly likely to start their own companies at some point. In time, they will recruit more staff, perpetuating the growth of the sector.

Tech Entrepreneurship

Some figures suggest that the number of tech start-ups has tripled over the past four years in Latin American Countries! These successful entrepreneurs inspire the next generation of students to learn tech skills and increase the talent pool. With the continent also recognized as the second most enterprising region globally, it's clear that there is an enormous amount of tech talent that could potentially be utilized by US companies.

Economic Growth

South American universities are providing high-caliber education systems that promote technology and innovation, meaning that hundreds of thousands of graduates are available each year. For American development team managers and recruiters, Latin America's tech talent is a good source of human capital with the right skills to compete in a global marketplace. Lower costs also mean that remote-working South American team members can be a cost-effective choice.

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Get in touch with the team at Number 8 to discover more about the potential for highly skilled tech talent in Latin America to provide the high-grade skills you need to lead the way in the competitive digital economy.

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