... A mid-sized tech company in Silicon Valley received additional investment and is preparing for rapid growth. It urgently needs to scale up its software development team.
Despite offering competitive salaries and a dynamic workplace, its HR department struggles to find the right talent. Candidates are either underqualified or snatched up by larger competitors with bigger pockets.
Frustrated and desperate to maintain momentum, the company's leadership team begins exploring a once-unconventional solution: recruiting talent from LatAm. Within weeks, they onboarded a talented team of developers, solving their hiring crisis.
This scenario is far from unique. Thousands of U.S. companies are turning to LatAm to address their workforce needs, driving a paradigm shift in how businesses approach recruitment, reports Near (Hire With Near), a staffing and recruiting company specializing in LatAm hiring.
Key takeaways
- - - U.S. companies are turning to Latin America (LatAm) to solve critical talent shortages and rising salary costs. With 75% of U.S. employers struggling to find skilled workers and salaries increasing 3.6% annually, businesses are finding that LatAm offers access to qualified professionals they simply can't afford or find domestically.
- - - Hiring skilled professionals from LatAm offers significant cost savings, allowing businesses to reinvest savings into growth areas like R&D and marketing.
- - - Major U.S. corporations like Microsoft, Amazon, and IBM have successfully built teams across LatAm for decades, creating a deep pool of professionals who already understand U.S. business practices, communication styles, and quality standards -- making the transition seamless for companies of all sizes.
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