Tech Recruiting And Hiring: Saluda A America Latina

In search of qualified, available tech talent destination

The digital world has grown rapidly since its inception. With the launch of the internet, we were off to the races as new digital developments happened each day. The dot-com boom of the 1990s was not unlike the California gold rush of the 1850s—both created a massive influx of value in the market and an influx of workers in the industry. Today we are on the edge of a new gold rush, and once again, it will have tech at its center.

Companies across the United States are struggling to hire developers, designers, data engineers, and IT specialists to sustain the digital end of their businesses. As a result, tech talent is in high demand. From January to May 2022, there have been more than 1.6 million tech job postings in the U.S., a 40% year-over-year increase, according to a report from CompTIA.

This data demonstrates a critical point: with US demand outpacing available talent, companies will be searching for new places where tech talent is abundant and available. Enter Latin America.

Per Forrester’s Global Tech Market Outlook for 2022 to 2023, software is anticipated to grow by 10.5%. Both software and tech consulting services will grow at a rapid rate, faster than pre-pandemic levels, according to the report. Hiring has become so competitive that small or even mid-sized businesses are finding it more difficult to innovate and operate in their industries because they cannot compete with the tech behemoths that monopolize talent.

While the dot-com boom and the gold rush were both geographically located in California, this boom of tech talent will come from a different place. Latin America offers the best of both worlds—highly skilled and English-speaking tech talent in overlapping time zones, without the challenges of a shortage. This is because Latin America is a hub of innovation and rapid growth is happening in Brazil and Mexico, with “unicorn companies” (up-and-coming companies valued at $1 billion or more) on the rise. 
So it is time for HR teams to tap into the network of highly skilled software developers in Latin America that are ready to join companies as full-time employees. 

Here are a few reasons why and how HR can prepare.

Companies and organizations will expand their focus to Latin America because that is where qualified tech talent is available. There is an untapped market of highly skilled developers, designers, and IT specialists who are trained in the critical languages of tech, like Java, React, Python, IOS, and Android (among others). Availability is vital here because American companies are finding that there is little availability in their pool of tech talent. HR leaders and executives likely saw this problem on the horizon as more companies scrambled to equip their teams for the digital age. 

The U.S. Bureau of Labor Statistics predicts that demand for tech talent will increase by 22% between 2020 and 2030. To put that in context, the average growth rate for all occupations is 8%. Even with concerns about economic volatility, high rates of inflation, and a potential market crash, experts are predicting that the search for tech talent will remain competitive. 

HR leaders of U.S.-based companies must start looking for tech talent outside of their existing, localized talent pool. Latin America’s talent pool makes the most sense for U.S.-based companies because tech talent is available, qualified, timezone-aligned, and English speaking. These are the essential elements HR leaders are looking for in the search for tech talent.

One key question arises for HR leaders looking to join the gold rush and seek out the Latin American tech talent pool: How will we find, recruit, hire, and maintain remote talent? Technology is the answer. Digital, remote staffing solutions enable HR leaders to find, recruit, hire and manage tech talent from a global talent pool. 

According to a 2022 survey from PwC, recruiting and hiring is one of the top 10 challenges facing HR this year. Remote staffing solutions do the heavy lifting of sourcing and vetting talent so that HR does not spend hours filtering through thousands of candidates that do not make the cut. Any hesitations about hiring remote talent dissipate when HR is equipped with turnkey hiring solutions. 

HR teams have previously avoided hiring from the global market because there were numerous challenges to hiring and maintaining remote talent. This is no longer the case. Remote staffing solutions remove barriers and make the remote tech talent pool more accessible. 

Once the hard work of recruiting and hiring is done, management and retention become the primary focus of HR. With the help of technology, maintaining a global team is no more difficult than managing a local team. While there may be differences in the regulation of payroll, processes, or tax laws, remote staffing solutions can bridge the gap between U.S.-based companies and the global talent they choose to employ. These solutions remove previous challenges of hiring a remote team and enable companies to find the qualified talent they need and maintain their teams with ease.  

Remote staffing platforms can assist HR teams in their search for qualified talent from global markets because it streamlines recruiting and hiring and makes it easy to manage and maintain talent once hired. With remote staffing solutions, HR does not have to carry the heavy burden of finding tech talent in an already depleted market. Instead, HR can devote time, energy, and resources to equipping, training, and empowering their tech talent teams so that they will stay with the company long term. The gold rush is beginning. If you are looking for qualified, available tech talent, you will find it in Latin America.

Author Bio

Lachlan de Crespigny is Co-Founder of Revelo. Visit Revelo Connect Lachlan de Crespigny https://www.linkedin.com/in/lachlan-de-crespigny-14969942/