The US tech industry is shifting to more remote software developer work, which creates increased demand for nearshore resources. The remote work trend rose in recent years as companies have grown their workforce outside of Silicon Valley. This shift has had a significant impact on the tech industry in Latin America, where many IT professionals work remotely for American companies.
Due to advances in remote software development and the increased demand for nearshore resources, the US Tech industry is shifting to Latin America. It is because of:
Huge Talent Pool of Skilled Workers
Latin America is an area with a large talent pool of skilled workers for companies looking to hire nearshore software developers. There are many opportunities to work on innovative projects because the region has one of the fastest-growing economies in the world. The Latin American workforce is young, educated, and eager to work. In addition, Latin American workers have a strong work ethic. They are also adaptable to different working environments and open to change, making them an exciting prospect for businesses looking for talent.
Cost of Hiring Is Much Lower
Employers are constantly looking for the best talent to hire. They want to find the best candidates in the least amount of time, and they want to make sure that their hires are a good fit for their company culture.
Employers can save money and time by hiring nearshore software developers from Latin America. The cost of hiring is much lower, saving employers a lot of money on salary and benefits. And because most companies have a remote work policy, there’s no need to relocate or travel back and forth from headquarters.
When companies employ skilled workers, there is a decreased chance of errors and potential problems. Companies can see the result in fewer customer complaints, faster turnaround times, and improved quality of work products.
Higher Productivity Rates
Companies hire nearshore software developers because they have a higher productivity rate than their onshore counterparts. They work longer hours than those who work onshore because they are more skilled in English, making it easier to communicate with other team members.
Which Companies Are Most Likely To Outsource?
Companies that are most likely to outsource need lower-cost labor or do not have the necessary resources to do the work themselves. Outsourcing can be a cost-effective way to increase productivity and save money.
Some popular industries for outsourcing are:
- IT Services;
- Financial Services;
- Retail and e-commerce;
Best Practices When Working With a Nearshore Remote Team
Working with a remote team means being more organized and proactive than working with people in the same office. It is essential to set up clear guidelines for interactions, such as how often to communicate and what tools to use.
There are many tools for remote collaboration, but not all work well for every project or team. The best practice is to choose a set of tools that work best for your company and then share them with your team members. Here are some best practices:
- Communicate clearly and often;
- Keep your tone consistent across channels;
- Be mindful of time zones;
- Be proactive when it comes to scheduling meetings;
- Set clear expectations for tasks and deadlines;
- Use a project management tool for better collaboration and transparency;
- Establish a code of conduct for your team members to follow;
- Encourage the use of video calls with remote workers;
- Have regular check-ins with your team members to keep the lines of communication open and make sure everyone is on the same page at all times;
- Provide feedback regularly.
Building a Nearshore Outsourcing Team
The key to building a successful nearshore outsourcing team is to understand the needs of your business and find the right people to fill the jobs that will help you meet those needs.
The best way to build a nearshore outsourcing team is to start with a process that includes the following steps:
- Identify and define the goal of the nearshore team;
- Define the skill sets required for this team;
- Research and identify potential candidates;
- Establish communication channels with these candidates;
- Interview and hire candidates who have matching skills and are willing to work onsite or remotely.
The US tech industry is shifting to Latin America because it offers a lot of potential for growth and expansion. This region has been developing rapidly in the past decade, which expresses by its growing middle class, increased Internet usage, and an increase in e-commerce. Latin America has also become an attractive destination for international tech entrepreneurs looking to start their next venture as it provides many growth opportunities.