Why You Should Hire LATAM Developers

After the surge in remote work that followed the COVID-19 pandemic, Latin America has emerged as the top nearshore destination to hire affordable tech talent. In this region, you can find highly skilled developers, cost-effective solutions, and a large talent pool ready to take on complex projects and alleviate the work on your in-house team’s plate. At Folder IT, we believe hiring LATAM developers is the smart move to make for North American businesses. This outsourcing strategy simply offers too many advantages to be ignored, and we’re here to show you why this could be the best decision you’ll ever make for your organization. Now, keep on reading if you’re ready to learn why you should hire LATAM developers for nearshore software development projects!

Your team and ours working as one

Access Top IT Talent in your timezone at half the cost

Why LATAM Is The Perfect Region To Hire Nearshore Developers

The number of software developers in LATAM is projected to grow by 30% by 2025, with the region’s specialized technology skills increasing every year. This has led many North American companies to realize Latin America offers advantages and top-tier software development talent for a lower cost. There are different factors making this region the perfect software outsourcing hub, and at Folder IT, as a nearshore software development company located in Argentina, we’re more than familiar with these key advantages. Here’s why you should hire nearshore developers in Latin America! 

1. Great Results For a Lower Cost

average global developer rates - including nearshore software development prices

Perhaps the most eye-catching benefit of nearshoring to Latin America is the major cost-effectiveness this decision can provide. LATAM developers typically charge lower rates than their North American or European counterparts thanks to the reduced costs of living in the region, yet still provide the same quality results. According to the International Labour Organization, the average salary for a software developer in Latin America is approximately 40% lower than in the United States – showing how easy it can be to access the same solutions for up to 40% lower price. 

2. Similar Time Zones

​​time zones to consider when you hire developers in Latin America

The near-perfect time zone compatibility between LATAM and North America is another huge advantage of nearshore software development. Most countries in the region share similar working hours with North America, making real-time collaboration much easier and facilitating regular communication between in-house and nearshore teams. This alignment is particularly beneficial for nearshore software development teams that rely on constant communication and quick feedback loops.

3. Versatile Talent

The quality of work produced by LATAM developers is equally as refined as the kind of results onshore teams can provide. Many developers in Latin America are proficient in multiple programming languages and familiar with the latest technologies and frameworks, and, according to a Stack Overflow survey, they also are among the most active in contributing to open-source projects, These well-rounded IT professionals often bring diverse experiences from working on various international projects. 

4. A Developing IT Region

While Latin America has had its fair share of conflicts, its political and economic stability has improved, creating a conducive environment for business operations. Countries like Chile and Argentina have made significant strides in establishing robust tech ecosystems, supported by government initiatives and foreign investments. Others have focused on growing their IT communities, and the large number of tech hubs in cities like São Paulo, Buenos Aires, and Mexico City provides a vibrant environment for innovation and nearshore software development conferences. These days, Latin America as a whole attracts talented developers, fostering a community of continuous improvement and knowledge sharing that’s perfect for nearshore outsourcing.

A Quick Overview of The Skills and Expertise of LATAM Developers

LATAM developers bring a diverse set of skills and expertise to the table, making them highly valuable for tech projects. To start with, these IT professionals are highly proficient in English, making nearshore communication a whole lot easier. The EF EPI Index shows Latin American countries have a great overall English level, while some of the other ones present a lower average proficiency but still have developers who can command the language to near-native ability. Add to this the high compatibility of LATAM’s work culture with North American business practices and you’ve got talent that has all the soft skills a team could ask for. 

Moreover, nearshore developers in Latin America are proficient in various programming languages. According to the Stack Overflow Developer Survey 2023, popular languages among LATAM developers include JavaScript, Python, Java, and C#. This proficiency ensures they can handle a wide range of development tasks, from web and mobile app development to backend systems. With this expertise also comes a rich experience with Agile methodologies to support high-powered projects. Many LATAM developers are well-versed in agile practices like Scrum and Kanban, which enhances their ability to work in dynamic, iterative environments. This agility is crucial for startups and businesses that need to pivot quickly based on market demands.

While their overall skills are already impressive on their own, most LATAM developers often possess industry-specific expertise. Whether it’s fintech, healthcare, e-commerce, or any other sector, you can find developers with relevant experience depending on the country you choose to hire from. For example, Argentina and Brazil have strong fintech sectors, producing developers skilled in creating secure, scalable financial applications. To support this level of skill specialization, many nearshore developers engage in professional development through online courses, certifications, and participation in tech communities. Platforms like Coursera and CoderHouse are really popular in Latin America, with a significant number of local developers enrolling in courses to keep their expertise up-to-date. According to Coursera’s Global Skills Index 2023, LATAM countries rank highly in both technology and data science skills, reflecting their dedication to ongoing education. This consistent desire to improve ensures that, from coding proficiency and agile experience to industry-specific knowledge and soft skills, LATAM developers are equipped to meet diverse project needs as efficiently as possible.

Best Countries to Hire Developers in Latin America

Latin America has several countries that stand out as prime locations for hiring developers. Here’s a look at the best countries to consider:

1. Argentina

Argentina is known for its highly educated workforce and strong emphasis on STEM education. The country ranks high in English proficiency, which is advantageous for international collaborations. Many cities like Buenos Aires, Santa Fe, Córdoba, are major tech hubs with a vibrant startup ecosystem. According to Coursera’s Global Skills Index, Argentina is among the top countries for technology skills in Latin America.

2. Mexico

Mexico is another top destination for hiring developers. Its proximity to the United States, similar time zones, and robust tech education system make it an attractive option. Mexico produces over 130,000 engineering graduates annually, as per the Mexican Institute of Competitiveness. Cities like Mexico City, Guadalajara, and Monterrey are the country’s most prominent tech centers, offering a diverse talent pool at competitive rates.

3. Brazil

Brazil is a leading tech hub in Latin America. With a vast pool of skilled developers, the country offers a range of expertise in various programming languages and technologies. According to the Brazilian Association of Information Technology and Communication Companies, the tech sector in Brazil is growing at an annual rate of 10%, making it a fertile ground for hiring developers. Key cities like São Paulo and Rio de Janeiro are tech hubs where it’s easier to find developers exporting their services.

4. Colombia

Colombia has quickly emerged as a key player in the tech industry in recent years. Cities like Bogotá and Medellín are known for their innovation and growing tech communities. The Colombian government has invested heavily in technology and innovation, making it easier for businesses to find skilled developers. The World Economic Forum highlights Colombia as a rising tech destination, with a significant increase in tech talent over the past decade.

5. Chile

Chile has long boasted a stable economy and a strong tech infrastructure. Santiago, the capital, is home to many tech companies and startups. The Chilean government supports the tech industry through initiatives like Start-Up Chile, which has attracted global talent and fostered innovation. Chile’s focus on quality education and its high English proficiency rate make it a great choice for hiring developers.

6. Peru

Peru is gaining recognition for its growing tech talent. Lima, the capital, is the center of the tech industry in Peru, with several tech events and communities that support developer growth. According to the Peruvian Chamber of Commerce, the tech sector in Peru is expanding, providing ample opportunities to hire skilled developers at competitive rates.

7. Uruguay

Uruguay might be small, but it’s big on tech talent. Montevideo, the capital, is a significant tech hub with a strong emphasis on software development and innovation. Uruguay ranks high in the Global Innovation Index, reflecting its commitment to fostering a tech-friendly environment. The country also benefits from political stability and high living standards, making it an attractive destination for developers.

These countries offer diverse and skilled tech talent pools, making them top choices for businesses looking to hire developers in Latin America. Just keep in mind that every one of them has its unique strengths, and you’ll have to do some research to find the right fit for your specific needs.

Looking To Hire LATAM Developers? Work With Us! 

Hiring developers in Latin America presents the perfect opportunity to hire top-notch tech talent at competitive rates. The region’s key nearshore benefits and different tech hubs boating talent with diverse skills make it an ideal choice for businesses looking to save money on development costs. At Folder IT, we want to help you achieve this. That’s why we specialize in connecting you with the best developers across Latin America, ensuring a seamless hiring process and top-tier expertise. With a proven track record and deep understanding of the local market, our team can help you build a nearshore development team tailored to your exact project needs. Ready to start nearshoring to LATAM? Contact us to learn more about our services.

Get in Touch