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Bruce Johnston
(Insurance Sales Agent)
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Barbara Gutierrez
(Financial Analyst)
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Peter Warren
(Accountant)
U.S. contractores are 40-60% more expensive than Latin American contractors.
Latin America has only a 1-to-3-hour time difference (ET), so briefings and project management are faster and much more efficient.
The Entrepreneur magazine ranks Latin América as a region with extremely promosing human capital in terms of programming capacity. Currently, in Mexico, there is a strong commitment to educate professionals of the highest level who have been able to create state-of-the-art technological developments.
According to a study by Frost & Sullivan, there are so many successful companies providing outsourcing services that the IT industry revenues in Latin America have grown by 20.3% between 2016 to 2017.
All the products made in Latin America countries can be delivered anywhere in the U.S. in less than 24 hours. The proximity increases the convenience of the outsourcing industry compared to IT hubs in the Middle East or Asia.
Outsourcing to the far reaches of Singapore or India can result in some misunderstandings that might require corrections, more expenses and more time. English skills and cultural similarities make Latin America a smart choice for outsourcing development.
Mayar Brown partner Brad Peterson explains it best: "We see increasing numbers of clients deploying substantial negotiating teams working on an agile basis to close smart deals fast". Latin America is forecast to be the popular choice for Agile outsourcing.
The Latin American region is the preference by numerous big tech companies like HP and IBM. Reportedly, in 2014, Latin America accounted for 13.8 billion U.S. dollars of the entire offshore outsourcing market.
U.S. contractores are 40-60% more expensive than Latin American contractors.
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