Remote work is not a new phenomenon, but it has gained unprecedented momentum in the wake of the COVID-19 pandemic. As more and more businesses have embraced the benefits of working with distributed teams, they have also expanded their horizons to look for talent beyond their borders. One region that has emerged as a hotspot for remote work is Latin America.
Remote work is not a new phenomenon, but it has gained unprecedented momentum in the wake of the COVID-19 pandemic. As more and more businesses have embraced the benefits of working with distributed teams, they have also expanded their horizons to look for talent beyond their borders. One region that has emerged as a hotspot for remote work is Latin America.
Latin America is home to a diverse and talented workforce, with many countries in the region experiencing significant economic growth and investing heavily in education. This has led to a growing number of highly skilled professionals in fields such as tech, engineering, and finance. According to a recent study by the International Labor Organization, there’s a tenfold increase in remote work in Latin America. Before the pandemic hit the world, a mere 3% of the population was working remotely. After WHO declared the COVID-19 pandemic in March 2020, the percentage of remote workers increased to 20-30%.
For US companies looking to build or scale their remote teams, hiring talent from Latin America can provide a range of benefits, such as:
Hiring remote talent from Latin America is not without its challenges, however. Some of the potential pitfalls that US companies may face include:
Hiring remote talent from Latin America can be a smart and strategic move for US companies looking to stay competitive in today’s market. By tapping into the region’s vast pool of talent, US companies can access high-quality skills, lower costs, and increased innovation.
If you are interested in hiring remote talent from Latin America, reach out to us here.
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