43 Jobs
Brazil
Fluent English Speakers(2023)
>6,180,000
IT Grads per Year(2023)
>46,000
Software Dev Talent(2023)
>750,000
IT Market Value (2023)
>$46.2 Billion
Tech Talent Landscape: Brazil
In recent years, we've seen an aggressive scramble for world-class software developers. Because the demand far outstripped supply, their pay packages soared through the roof. This left firms in the U.S., particularly those positioned for growth, grappling with the challenge of competing with larger companies for the cream of the crop in tech talent.
Tech Talent Deficit in U.S.A.
The tech industry in the U.S. has traditionally leaned on the global talent market to fuel its growth and stay competitive. But the stringent immigration rules combined with a plodding and pricey visa process has raised hurdles in the path of international talent coming to the U.S. Sprinkle in a shortage of specialized tech skills, and we have a recipe for tech companies in the U.S. struggling to find the right professionals to propel their businesses forward.
But lo and behold, there seems to be a glimmer of hope for these companies in the form of Brazil. The country, which ranks ninth worldwide in terms of IT talent outsourcing, is apparently the ace up their sleeves that companies didn't realize they had. Brazil's growing reputation as a tech hub is laden with a multitude of benefits.
Brazil's Skilled Talent Pool
Brazil doesn't just have developers, it has a whopping 475,000 of them, making it the biggest talent reservoir in Latin America. It boasts some of the finest science and technology educational institutions, producing engineers who are not just highly trained but also possess a wide range of programming skillsets. Serving as home to the largest startup ecosystem locally, featuring over 100 technology parks and 16 unicorn startups, it's no wonder major tech players such as Google, Uber, Amazon, and Airbnb are establishing their presence in Brazil.
Cost-cutting Currency Exchange Rate
Not only does outsourcing developers from Brazil ensure high-quality work, it also credibly curbs employment overheads. The average cost of hiring a developer hinges on the experience and proficiency in a programming language. Capitalizing on the favorable currency exchange and cost benefits, American tech firms have reported savings of 30-50% in hiring Brazilian remote employees over their American counterparts.
Seamless Collaboration
For North American firms, the close time zones make Brazil an ideal talent market, facilitating real-time collaboration and efficient communication within remote teams. Moreover, Brazilian professionals are renowned for their dedication, zeal for learning, and loyalty to their employers.
Energized Workforce
Brazilian developers are not just highly educated and skilled, they're flawlessly proficient in English. Their enthusiasm to work for foreign businesses is driven by factors like new opportunities, security, and diversity. Involving international talent in a team also infuses cultural diversity and brings innovative ideas and perspectives, boosting the competitiveness of businesses.With the massive pool of qualified professionals and numerous perks, it's clear why Brazil has increasingly become a go-to destination for companies needing tech talent. By widening their search for talent globally, companies can invigorate growth, foster innovation, and remain competitive in the constantly evolving tech landscape.
