The global business landscape is always competitive and ever-evolving – this is true today and will be true in the future. Because of this, staying ahead of the curve is tough, essential, and exciting! To maintain your competitive edge, it’s crucial to make unconventional decisions, and nearshoring software development and data engineering services in Latin America (LATAM) with DevEngine might be one of those moves.
Oftentimes, when you hear “nearshoring,” outsourcing to large consultancies like Accenture or Tata immediately comes to mind. However, nearshoring is not and should not be exclusive to big corporations. Companies of any size with substantial technology and software development components should also explore this option to enhance their competitiveness.
In this article, we’ll give you a rundown of what nearshoring entails, including reasons it’s increasingly gaining traction and tips for optimum business outcomes. We’ll also highlight the benefits of nearshoring software development and data engineering in Latin America, discuss solutions to potential challenges, give real-life examples, and outline how to vet prospective developers.
While nearshoring software development has recently been a forefront topic in the global IT space, several companies in Canada and the US are yet to embrace its benefits. If you’re an ardent follower of our blog, you know that we’ve discussed the benefits of outsourcing to this region a million times. However, for the sake of first-time visitors, below is a summary:
Below is a summary of a few countries you can consider when nearshoring software development and data engineering to LATAM:
|Shared Time Zones With US
|Number Of Software Developers
|Software Developer Annual Salary
|Present Tech Firms
Of course, nearshoring your software development and data engineering to LATAM is not a bed of roses with no thorns. Below are a few challenges you may encounter and how to resolve or avoid them:
While LATAM has significantly lower rates than most parts of North America and Canada, the region’s developers charge slightly more than several offshore destinations. However, when it comes to tech, cost is not just about the service fee. It also entails the quality of service, convenience, reliability, ease of communication, and so on. If you consider these factors, LATAM is far more cost-effective and convenient than offshore countries.
Sometimes, organizations prefer hiring from countries with different time zones to ensure they have eyes on their systems as regular in-house staff sleep. However, this type of arrangement might be difficult to find in this region because Latin America has a time zone alignment with most parts of the US and Canada. Because of this, it’s crucial to ask prospective developers and engineers if they offer 24/7 support before listing their services.
Another challenge is the difficulty of distinguishing qualified engineers and developers from quarks, especially when conducting online interviews. Fortunately, you don’t have to worry about this when outsourcing through a trusted hiring company like DevEngine. We have stringent screening processes to ensure all our software experts have requisite academic credentials and industry experience.
As previously mentioned, sometimes identifying the right nearshore software developers and engineers can be challenging. When you find yourself in this situation, here are a few tips to help you during the vetting process:
As you can see, vetting and hiring software developers and data engineers from LATAM can be quite tedious. Why go through this back and forth when DevEngine can handle everything as you focus on other core tasks?
DevEngine’s founding principle is a commitment to partnering with a select and limited number of clients. Your project should not be just a cog in the wheel of a big management consultancy. We deliberately target companies with roughly between 20 to 150 employees to build enjoyable and productive working relationships, maintain mutual respect, and gain a deep understanding of your businesses. This approach allows you to work with a company of a similar size, which is crucial for everyone’s success, including comparable challenges, pace of growth, team management style, tribe size, and more.
You can expect a highly tailored approach to meet your specific needs and a nearshore strategy developed to align with your unique business and technical requirements. Ideally, your nearshore team will represent 5% to 10% of DevEngine’s book of business, this will command special attention from the DevEngine team – exactly what your business deserves.
Below are other reasons we are the best software developers hiring company in Latin America:
At DevEngine, we do not believe in ‘keeping developers on the bench.’ This means we don’t maintain idle developers waiting for assignments, a strategy that often results in hiring engineers who may not align with your specific needs, leading to unnecessary costs. Instead, we take the time to understand your organization’s skillset and personality requirements and source the best talent within your budget across LATAM. We then oversee and support this team, ensuring they work together seamlessly to meet your goals. We regularly survey the team, identifying potential challenges, maintaining a healthy and enjoyable work environment, fostering the sharing of constructive ideas, and rewarding initiative. Additionally, we can provide you with annual or semi-annual reports about your team, including retention rates, costs, and levels of job satisfaction, among other key metrics.
Our engineers typically have full working proficiency in English, enabling them to communicate effectively with your in-house team and customers. For clients seeking even greater cost efficiency, we can provide client-facing team leads or managers with strong English communication skills and a team of solid software and data engineers, whose English skills are still developing. This approach helps lower overall nearshore team costs while tapping into a vast pool of technical talent.
We can assemble your team based on your specific budget or prevailing local LATAM market rates, ensuring that engineers are compensated fairly, and reducing the risk of them becoming a flight risk for your project. We track hours worked, vacation, and sick days taken, and provide detailed timecards with every invoice. You receive a single invoice for the entire team at the beginning of the month, based on Net-30 payment terms.
DevEngine’s broad network allows us to find engineers throughout Latin America, prioritizing technical expertise and team fit over the location. Currently, the majority of our engineers are based in Argentina, Brazil, and Costa Rica, and we also have a strong presence in other countries like Mexico, Honduras, Colombia, and Panama. If you prefer, we can build a team in a specific location, although this is rarely necessary.
Nearshoring software development and data engineering in LATAM with DevEngine provides you with an opportunity to access a wider network of IT talent of various levels of seniority, reduce costs, and maintain high service quality. This approach allows you to stay competitive, and accelerate product development, all while retaining control over your projects and product. Don’t let your competitors outbid you or outpace you in product development; partner with DevEngine to harness the power of nearshore talent and thrive in the ever-evolving tech landscape.