The hiring by international companies has grown from 70% to 130% in the last year. Benefits and how to do it
Latin America has become one of the fastest-growing regions for international hiring, particularly from the United States. The demand for Latin American professionals by U.S. companies, for example, grew by 50% in 2023, according to the Global Hiring Report by Deel.
Remote work has been the key factor for qualified human talent being exported from the region. The report indicates that, in the first quarter of the year, at least 3,000 companies based in the U.S. used the platform to hire in Latin America.
Thus, the hiring of remote professionals continues to be a trend, even as local companies are returning to hybrid models. Among the most in-demand profiles are software developers, systems engineers, interpreters or translators, and customer service-related jobs.
The most in-demand workers are from Argentina, Mexico, and Colombia, but the count extends, and more countries are competing for international positions.
Hiring remote workers from the USA to Latin America can be a highly beneficial strategy for companies looking to diversify their talent and optimize costs. However, it’s crucial to approach this process with careful planning and a deep understanding of the legal, cultural, and operational aspects involved. By doing so, companies can build strong and highly effective international teams”.
The Benefits of Hiring in Latin America
1. Advantages of Hiring in Latin America
Time Zone Proximity: The time zone differences between the U.S. and most Latin American countries are minimal, facilitating real-time communication and collaboration.
High Professional Qualifications: Latin America boasts a large number of highly qualified professionals in various fields, including technology, marketing, design, and customer service.
Competitive Costs: Salaries and operational costs are generally lower compared to the U.S., allowing companies to optimize their resources.
2. Legal and Contractual Aspects
Legal Entities: It’s important to define whether the workers will be hired as direct employees or independent contractors. The contractor figure is usually simpler in terms of legal compliance. It´s key to hire a HR agency like BajaStarTalent, to do the legal advisory service and international hiring.
3. Selection Process
Hiring Platforms: Use specialized job platforms that allow you to access talent in Latin America, such as BajaStarTalent
Interviews and Evaluations: Conduct virtual interviews and, if necessary, technical tests to assess candidates’ competencies. Ensure you have clear and structured processes for selection.
4. Cultural Aspects
Cultural Sensitivity: Understanding and respecting cultural differences can significantly improve team integration and performance. Invest time in learning about the customs and work practices of the countries where you hire.
Effective Communication: Promote clear and open communication. Use collaboration tools like Slack, Microsoft Teams, or Zoom to keep the team connected.
5. Tools and Technology
Management Software: Use project management software like Asana, Trello, or Monday.com to track work and collaborate between teams.
Payment Platforms: Platforms like PayPal, TransferWise (Wise), or Payoneer facilitate payment to international workers, ensuring secure and efficient transactions.
6. Integration and Retention
Onboarding: Design a robust onboarding process that includes an introduction to the company, its values, culture, and expectations. Ensure new remote employees feel part of the team from the start.
Professional Development: Offer training and development opportunities to keep employees motivated and engaged.
Feedback and Recognition: Implement a regular feedback and recognition system to value well-done work and foster a positive work environment.