Demand for software outsourcing to remote shores is growing, and your development team’s access to people in South America can create entirely new workflows. Using nearshore software development allows businesses to sell their products and concepts faster. Companies without software development can still create high-quality products while focusing on their core business. Let’s take a look at the benefits of hiring Latin American developers teams for US companies:
Closer Collaboration
For companies looking for an outsourced engineering team with American equivalent qualifications and experience, South American teams offer realistic options for software designers for hire. Full business day overlap with US time zones facilitates real-time collaboration on projects with your software development team. Face-to-face meetings are also a simple reality when outsourcing software development in Latin America due to the short distance and minimal jet lag.
Find new talent software developers in Latam
Even though we often refer to Latin America as one, we are talking about 33 different countries! Many companies leverage the region’s geographical advantages to hire across the continent instead of focusing on candidates from only one country. The talent pool consists of capable engineers from every corner of the continent. Why stick to one country when you can leverage 33?
Although we often refer to Latin America as a single region, there are 33 different nations in this region. Instead of focusing on hiring people from one country, many companies are taking advantage of the region’s geographic benefits to fill vacancies across the continent. Competent engineers from all over the mainland make up the talent pool. Why limit yourself to one country when you can use 33 countries to hire Latin American developers?
Minor Timezone Difference
Time zones must be considered when communicating with customers and business partners. This is equally important in agile software development, where real-time communication is essential to rapidly building a product.
For example, due to the 10-hour time difference and frequent differences in business hours, it is practically challenging to cooperate with India in real-time from the US. Also, depending on their location, some businesses require their engineers to get up early or stay late (i.e., work all night). It affects your ability to retain good talent when offered something different in their time zone or at the level of skill you import from India.
However, Latam developers are acceptable because all these countries are only an hour apart! Around 2:00 pm on a Monday, you can talk face to-face with your South American teammate as if you were both in Chicago or New York.
Cost-Effectiveness
Companies often think exporting their work abroad will save them money, but this is only sometimes true. Most events end up being more expensive than expected. Software development costs can be significantly higher for local developers.
You can hire Latin American developers depending on your budget. There is a thorough survey with hourly rate options. Excluding taxes and other vendor fees, hourly rates range from $28 to $105 per hour. This means you have a choice of more expensive options like Chile, Brazil, and Argentina, as well as less costly alternatives like Peru, Mexico, and Colombia.
According to Deloitte’s 2020 Global Outsourcing Survey, 87% of IT organizations have outsourced to save money. Researchers predict that by 2025 the global outsourcing market will be $40.16 billion.