Hire Latam Developers – Why You Should Choose These Professionals?
More and more companies are considering hiring Latam developers because the modern tech industry is experiencing a significant shift. With the rise of remote work, businesses are not limited to getting professionals within their geographical boundaries. It is now possible for them to access a global talent pool, and Latin America has become a top destination for remote engineers.
In this article, we will explore why businesses should hire Latam developers and provide a comprehensive explanation, as we have great experience in hiring remote Latam developers, especially in Brazil and Mexico.
Why a Decision to Hire Latam Developers Gains Popularity Today?
The popularity of software development in Latin America has resulted in more than 75 percent of businesses hiring professionals in the United States also looking to hire remote Latam developers. Therefore, it is not surprising that the Latin American IT market is predicted to rise to almost $50 million by 2027. One of the reasons for foreign companies` increasing interest in Latin America is tech trends that are already influencing the local IT market.
The IT industry of this region is moving up at a CAGR of 6.5 percent. These days, South America is overtaking the global market, with countries like Mexico, Brazil, Argentina, Colombia, and Chile being its tech powerhouses. Let’s take Mexico as an example – its $28 billion IT sector makes it second-best in the region. Brazil, at the same time, happens to be the most significant tech market as it is valued at $45 billion. In addition to that, this country maintains the technology investment’s highest percentage – 36 percent.
One more reason for the growing popularity of Latam engineers is that the region is becoming a breeding ground for innovation. Latin America boasts more than 60 unicorns, such as Rappi, Kavak, and NotCo. Moreover, the region is home to more than 9,000 funded startups, which raised $3.5 billion in 2023, while Brazil is the leader. Fintech keeps being the main informational technology sector, attracting over 40 percent of all VC investments in 2024.
Hire Remote Latam Developers: Pros and Cons
As mentioned before, many companies worldwide decide to hire Latam developers, which implies that this decision comes with significant benefits. At the same time, there must be a few drawbacks that should be considered. To make an informed decision, you should be aware of both the advantages and disadvantages of getting Latam engineers for your team. Our recruitment team has collected the pros and cons of hiring in the Latam region for you.
Pros of Hiring Latam Developers
Cost-efficiency
If you hire remote Latam developers, you get a great deal of cost-efficiency. The thing is that the average cost of employing professionals varies by country, expertise level, skills, and experience. The salary rates for software engineers in Latin America start from $700 and go through $7,000 per month based on a variety of factors. Therefore, you can get a suitable specialist in those countries at a much cheaper cost than in Eastern European countries.
Ideal location
The location of these countries plays an important role in helping the region become an attractive destination for hiring Latam engineers. It is located very near Canada, the US, and many other Western European and South African countries. It is easy for the customers in those locations to travel to the outsourcing destination for in-person communication and meetings.
Large pool of tech talent
There are more than 24.6 million software developers around the globe, and a significant part of these professionals come from the Latin American region. An estimated pool of more than one million Latam developers is available for hire.
Diverse skill sets
This area is rich when it comes to diverse skill sets, such as development methodologies, a range of computer coding languages, and testing platforms. The availability of various skills helps customers reach comprehensive software development solutions powered by thousands of Latam developers with different skill sets.
Overlapped time zones
All Latin American countries are not 2 to 5 hours away from the time zones of Western European and North American countries. Therefore, the overlapped business hours allow communication and coordination with Latam developers in a real-time environment during work hours.
Language proficiency
The English language is understood and widely spoken with greater fluency and smoothness. Portuguese and Spanish are other common languages mostly spoken in European and North American countries. English Proficiency Index keeps improving in Latin American countries, which makes Latam developers ideal for outsourcing.
Professionalism
Software experts are highly educated, trained in modern ethics, and qualified. These things make Latam engineers highly reliable and productive human resources for IT outsourcing.
Cons of Hiring Latam Developers
Complex taxation
The tax policies in this region can be very complex and discouraging for companies. Even though these countries never stop reforming their systems, you will still have to go through a complex process of taxation, even if you just hire remote Latam developers. If it may be a problem for you, Qubit Labs can offer to hire developers in Eastern European locations, because the taxation system there is less complex. You can read our latest report “Outsourcing to Latin America vs Eastern Europe” to get the full picture.
Political issues
A few Latin American countries follow old conservative business practices, which might result in issues in the business flow of companies that hire Latam developers there. That is why you should consider political problems before you opt for outsourcing.
Increasing cost
Even though the average cost you would pay to hire Latam developers is competitive, it is growing continuously. This is especially obvious if you decide to get professionals from Brazil, Argentina, and Mexico.
Best Locations to Hire Latam Developers
Below, you can find the top five countries where you can hire remote Latam developers, focusing on availability, talent quality, and costs.
1. Brazil
This country stands out as the region’s tech powerhouse, hosting the largest tech market. The main sectors are e-commerce, fintech, and mobile app development.
The ICT market is growing, with a predicted 5 percent increase in 2024, nearing $8 billion. It means that it is worth considering Latam engineers from this country.
2. Mexico
This country happens to be the second-largest tech market in the region, and it excels in fintech, software development, and e-commerce. Mexico is also 3rd in the Latin American and Caribbean region in innovation and 12th globally.
Tech parks, government programs, and substantial startup investments further enhance the country`s technological foundation. With more than 700,000 software experts and three million STEM professionals recorded in 2020-2021, the country is a great place to hire remote Latam developers.
3. Argentina
According to the Argentine Chamber of the Software Industry, there has been a consistent 50 percent increase in Argentine developers and a 36 percent growth in tech businesses in recent years. It implies that the industry keeps expanding, with a growing number of those who opt for web development to build their careers. Thus, the number of Latam developers will only increase.
Furthermore, the country is well-known for being ranked as the top location for software engineering skills globally in 2019, as stated by Coursera`s 2019 Global Skills Index. It is also worth mentioning that Argentina leads the Latin American countries in different technology skills, such as JavaScript, AI, UX design, Web Development, Cloud Computing, Cybersecurity, Convolutional Neutral Networks, API development, and IoT. That is why many businesses choose Latam engineers.
4. Chile
Chile`s vibrant startup culture and commitment to innovation have helped it to become one of the top destinations for hiring Latam developers. In fact, the country holds the top spot for innovation in the region, as stated by the Global Innovation Index. With a quickly expanding global ICT market and a strong tech talent pool of almost 61,000 experts, the country provides a compelling environment for companies searching for tech innovation and talent in Latin America.
5. Colombia
The country has become one of the best outsourcing destinations recently. In 2021, Colombia secured the third spot, following, Brazil and Mexico, in terms of IT market size. This market is worth $10.2 billion.
The country is regarded as a business-friendly nation because it is the fourth friendliest destination to do business in Latin America, as per Doing Business 2018. The robust economic growth, favorable business environment, and thriving tech scene make Colombia an ideal destination for companies that want to hire Latam developers.
Rates of Latam Engineers
Now that you know all the pros and cons of getting Latam engineers for your business, it is high time to look closer at the rates. Qubit Labs has been on the market long enough to know how much these professionals cost, and you can get acquainted with the number in the table below.
Every country comes with its own benefits in terms of cultural alignment, cost, and availability of skilled Latam developers. That is why the decision about which one to choose should depend on your organizational goals and specific project needs.
Latam Engineers vs Eastern European Engineers
From our experience, Qubit Labs can say that professionals from Eastern Europe are also a popular choice for outsourcing. It is for you to decide whether you hire Latam developers or get Eastern European engineers for your business, but you can use the following comparison below for an informed decision.
1. Time Zone
On average, there is a difference of about 5-12 hours between Eastern Europe and North America. That is why real-time communication among experts in this region is possible. At the same time, there is no point in calculating the time zone difference between Latam developers and those in Northern America because it is negligible. The specialists in both these regions can work during the same business hours.
2. Education
The truth is that over 50 universities out of around 450 institutions are located in Eastern Europe. Thanks to higher possibilities to avail, there is a solid system of IT education in this region. You will easily find numerous university degree holders here.
One more fact you should know is that around one hundred universities out of 450 institutions around the globe belong to Latin American countries. Argentina is widely known for its top-class education system. Latam developers stand out from the crowd because this region offers a lot of IT courses to nurture their talents.
3. Proficiency in English
In Eastern Europe, all the IT tech hubs have either full or advanced proficiency to work in English. It means that they can easily communicate with their foreign offshoring customers.
Speaking of Latam developers, there was a survey to check the English proficiency index in Latin America. According to it, only Argentina and Chile have advanced skills in English. It does not mean, though, that it is not possible to find Latam engineers who can speak the language fluently. This is especially easy if you use the services of an outstaffing agency, such as Qubit Labs.
4. Price
There are nations in Eastern Europe like Moldova, Bulgaria, and Ukraine offering more affordable services. The thing is that the cost of living there is a bit lower. The cost of outsourcing the software development services to a team in these locations will most probably range between $25-$50 per hour. However, if you hire professionals from Poland and Hungary, the price would be $50-$100 per hour.
If you are willing to hire Latam developers, you will pay $25-$110 per hour. You should also consider that the cost of software development services with taxes and fees can be higher in Brazil ($50-$100) than in other countries ($25-$50).
5. Availability of Programmers
According to some survey results, Eastern Europe has more than one million software engineers. Ukraine and Poland are the leading countries with the most impressive number of developers. The bigger part of these IT experts have enough experience to offer their service to foreign customers.
There are also surveys, according to which the average number of Latam developers is almost one million. A significant part of them are from Brazil, and this fact proves that Latin America also has a vast pool of tech specialists.
6. Comfort of Travel
There are numerous options for flight connections between North American regions and Eastern Europe. On average, it can take from 10 to 12 hours to get from EE to the US east coast and around 15 hours to get to the west coast.
Latin American countries are a great choice for North American companies because of their geographical proximity. It can take just a few hours to move between these regions, which means that it is not hard to meet Latam developers more often in person.
7. Cultural Compatibility
The lifestyle and culture of Eastern Europe match most to that of North America and Western Europe. Unlike Latam developers, specialists from this region could match well up to the needs of the offshoring customers in terms of work ethics. If you hire Latam developers, you should consider that most people maintain a strict workplace and social hierarchy. It means that these experts have to adjust a bit while working as remote workers.
Hire Latam Developers with Qubit Labs
The tech talent pool of Latin America is often regarded as a goldmine for businesses searching for cost-effective, skilled, and culturally compatible professionals. It is not hard to hire Latam developers ideal for your company thanks to the competitive range, a diverse range of locations, and a broad spectrum of skills. If you manage to understand the nuances of getting Latam developers, you can leverage the full potential of these experts, driving innovation and growth in your tech ventures.
At Qubit Labs we are committed to bridging the gap between global tech needs and Latam developers, becoming your strategic technology partner. With a foundation built on expertise, trust, and transparency, our agency goes beyond ordinary nearshore software development.
Our outstanding approach involves efficiently hiring Latam developers for your projects and integrating them deeply into your company. This way, we make sure that professionals are ideal for your business goals. The Qubit Labs’ streamlined process, from fast hiring to seamless onboarding, empowers your tech initiatives with real-time collaboration while delivering cost-effective solutions according to your requirements.
Want to Hire Latam Developers? Contact Us
If you have read this article and realized that you need to hire Latam developers for your business, you just need to contact Qubit Labs and we will create an ideal team for you.
