A primary motivator for outsourcing. Hiring competent workers in the United States, especially those in fields such as IT or software development, is likely to cost two or three times as much compared to someone with the same skill sets in Latin America.
For example, a software developer based
United States may work at an hourly country wise email marketing list rate of USD$150 while an equally qualified developer in Latin America may be available for work and will perform the same tasks at USD$75 hourly.
Reducing costs while becoming more efficient with outsourcing is a discussion we will continue in Chapter 3.
A Supportive Business Environment
The modern business culture in Latin this is probably the most visible effect of America is quite favorable for U.S. partnerships, but the U.S. isn’t the only country taking notice. Based on a study in 2017 from the A.T. Kearney Global Services Location Index5, Latin America is gaining popularity and becoming known as a home to a positive offshoring landscape due to financial attractiveness, people skills, and a great business environment. Latin America’s cost-effective options coupled with the sound business environment and talented population are likely the reasons why more businesses look to the region with outsourcing needs. The study listed the top countries for offshoring, and of the top 20 countries named, five were in Latin America.
U.S. companies are now seeking out
Latin American outsourcing firms because of the rising numbers of IT professionals in these promising economies.
Santiago is one of the thriving regions canada cell numbers leading the way as a technological hub supporting innovations and entrepreneurial endeavors. Santiago ranks fifth in the listing of Top 10 cities with the best economies of the world, as shared in a study by the London School of Economics and The Brookings Institute. But the capital city has become more famous for being home to 500 Startups: Latam and Start-Up Chile, two companies that invest heavily in local startups, rather than the home of IT outsourcing hubs.