The rise of e-migration is significantly impacting the global talent landscape, particularly in Latin America. In 2023, over 2.2 million remote workers from Brazil, Argentina, and Mexico contributed to various global companies, showcasing the potential of remote work to fill critical talent gaps [43a6c797]. This trend is closely linked to nearshoring, a practice where companies outsource work to neighboring countries, which is gaining traction as businesses seek to optimize their operations and tap into local talent pools [43a6c797].
The América Crece initiative, launched in 2019, aims to strengthen economic relationships with Latin America, further facilitating this shift towards nearshoring. Experts estimate that nearshoring could boost annual exports in Latin America by $78 billion, highlighting its potential economic impact [43a6c797]. From 2020 to 2023, remote work opportunities for South American professionals grew by 70%, indicating a robust demand for skilled labor in the region [43a6c797].
Deloitte projects that by 2034, there will be a need for an additional 7.1 million skilled workers, underscoring the urgency for companies to adapt to this changing workforce landscape [43a6c797]. Interestingly, software engineers in developing countries earn 28% more when employed by international companies, making these positions highly attractive [43a6c797]. Furthermore, about 40% of hires at BairesDev, a prominent tech company, come from rural areas, demonstrating how e-migration and nearshoring empower first-generation Latin American tech professionals [43a6c797].
In conclusion, e-migration and nearshoring are reshaping the global talent market, providing opportunities for skilled workers in Latin America while addressing the workforce needs of international companies. As these trends continue to evolve, they promise to foster greater economic growth and cross-border collaboration in the technology sector [43a6c797].