Why latam remote talent is the best investment for global companies

As companies across the globe continue embracing remote work, Latin America (LATAM) has emerged as a leading hub for topnotch talent. With a highly skilled workforce, competitive costs, and advantageous time zones, hiring remote professionals from LATAM is no longer just an option—it’s a strategic advantage.

Here’s why LATAM talent stands out and why global companies should take notice:

1. A Growing Pool of Skilled Professionals

LATAM boasts a highly educated and diverse workforce, particularly in tech, creative, and customer service industries. According to the World Bank, tertiary education enrollment in the region has grown significantly, reaching 52% in 2022, up from just 28% two decades ago.

+ Countries like Brazil, Mexico, Argentina, and Colombia are producing worldclass engineers, designers, and customer success specialists. For instance:

+ Brazil graduates approximately 125,000 engineers annually (Statista, 2023).

+ Argentina and Colombia have thriving tech ecosystems, with startup hubs in cities like Buenos Aires and Medellín fostering innovation and technical expertise.

2. Time Zone Compatibility

One of LATAM’s strongest advantages is its time zone alignment with North America and parts of Europe. For companies in the US, professionals in LATAM often work during the same business hours, ensuring realtime collaboration without the need for latenight calls or asynchronous communication.

Fun fact: A developer in Mexico City operates in the same Central Time Zone as Chicago, while a designer in Buenos Aires is just two hours ahead of New York.

3. CostEffectiveness Without Compromising Quality

Hiring remote talent from LATAM offers significant cost advantages compared to hiring locally in North America or Europe.

+ The average salary of a software developer in LATAM is 4070% lower than in the US or Canada (Accelerance, 2023), while still offering exceptional skills and quality.

+ Lower living costs in LATAM mean remote professionals can provide competitive pricing while maintaining a high standard of living.

4. Strong Remote Work Culture

LATAM professionals have rapidly adapted to remote work, thanks to improved internet infrastructure and a growing freelance economy.

A study by Statista in 2023 revealed that over 55% of professionals in LATAM now prefer remote or hybrid work arrangements.

+ Platforms like WeRemoto have seen exponential growth in LATAM users, showcasing the region’s eagerness to embrace remote work opportunities.

5. Multilingual and Culturally Adaptive Workforce

English proficiency is rising across LATAM, especially in countries like Argentina, Costa Rica, and Chile, where English is commonly taught in schools. According to the EF English Proficiency Index (2023), Argentina ranks as the highest in LATAM for English skills, scoring “high proficiency.”

+ Moreover, LATAM professionals excel in crosscultural communication, making them effective team players in diverse, global teams.

6. A Thriving Tech Scene

LATAM is experiencing a tech boom, with investment in startups and innovation hubs on the rise. According to CB Insights, LATAM startups raised $15 billion in 2021, highlighting the region’s potential for technological advancement.

Countries like Brazil, Chile, and Uruguay are home to some of the most exciting tech talent, with companies like Mercado Libre, Nubank, and Rappi showcasing worldclass innovation.

7. High Retention Rates

LATAM professionals often demonstrate higher loyalty compared to their counterparts in other regions. Many remote employees value stability and longterm growth, reducing turnover rates for companies that invest in their development.

The Future is remote

The future of work is remote, and LATAM talent is leading the charge. With its skilled workforce, competitive costs, and cultural adaptability, the region offers a winning combination for companies looking to scale globally while maintaining quality and efficiency.

By tapping into LATAM’s rich talent pool, businesses can not only achieve their goals but also foster innovation, diversity, and global collaboration.

Ready to grow your team? It’s time to look south and visit our site to connect with the best remote talent LATAM has to offer!