LATAM Compensation Report – A Guide to Understanding Developer Salary

We've created this helpful report based on conversations and FAQs from companies looking to understand compensation and perks for developers before starting a hiring process.

Starting 2023, wages have gone down 15% compared to previous periods. However, Latin American compensation ranges are still one of the reasons companies worldwide consider the region to scale their teams.

Get an inside look into what tech talent could be expecting, and trends to keep in mind when searching for top talent in Latin America.

What's inside:
Insights On LATAM’s Tech Hub
Top Talent Profile Examples
Compensation Table
Most Popular Perks
Why hire LATAM?

As expert recruiters, we pride ourselves on providing unparalleled insights into the dynamic world of LATAM’s tech hub. With our finger on the pulse of the region's rapidly growing technology landscape, we delve deep into the latest trends, innovations, and opportunities that are shaping the future of this vibrant ecosystem:

80% of talent prefer working remotely

Forbes, Buffer and many other sources have provided evidence that remote work is ONE big perk for talent. Pro tip: Consider opening global remote positions when looking for senior developers, and broaden your talent pool.

Demand for DevOps & Customer Support roles has increased

Job openings for these roles has significantly increased in recent years, and Latin America is emerging as a prime destination for companies seeking skilled professionals in these fields. With its diverse talent pool comprising of both technical and non-technical job positions, Latin America offers a unique advantage with its excellent English language skills.

Demand for Mobile Development roles is rising

Moreover, the demand for Mobile Development roles is on the rise, particularly for experienced Android and iOS native developers. However, due to the high competition in the market, finding senior developers in these areas may take longer than anticipated.

Pro tip: To expedite the recruitment process, consider React Native developers, who possess the necessary skills to ensure faster placements without compromising on the quality of work.

If you are looking for developers with Node skills...

Latin America has got you covered. In fact, Node is the number one skill within our vast talent network. The region boasts a wealth of talented and proficient Node developers who can contribute significantly to your projects and help drive success.

With its remarkable talent pool, Latin America presents a compelling opportunity for businesses seeking skilled professionals in various technical disciplines. Whether it's DevOps, Customer Support, Mobile Development, or Node expertise, Latin America stands out as a region with immense potential and a strong commitment to delivering high-quality work.

We have meticulously curated a diverse collection of profiles showcasing the exceptional talent that thrives in Latin America. From seasoned professionals to up-and-coming experts, their range of seniority, skills, and expertise is truly remarkable.

Mid and Senior Level profile examples

By exploring these snapshots created from real-life examples, companies will gain a profound understanding that the talent pool in Latin America is on par with that of the United States, Europe, or India. No longer should geographical boundaries be a factor in underestimating the immense potential that Latin American professionals possess. With their unwavering dedication and unparalleled abilities, they are poised to make a significant impact on the global stage.

In order to fully engage developers from the region and attract top talent, it is crucial to provide them with enticing working perks that showcase your appreciation for their dedication and exceptional skills. Whether you choose to hire them as full-time employees or contractors, creating a positive working experience is key.

Here are some of the most sought-after perks that developers in LATAM value:

1. Laptops: Equipping your developers with the latest technology not only enhances their productivity but also shows your commitment to providing them with the tools they need to excel in their work.

2. Compliance with Local Holidays: Recognizing and respecting the cultural traditions and holidays of your developers' local region can foster a sense of belonging and inclusivity. It allows them to celebrate important occasions with their loved ones without any work-related stress.

3. Flexible Hours: By implementing a flexible work schedule that is based on goals rather than strict hours, you empower your developers to manage their time effectively and achieve a healthy work-life balance. This flexibility can lead to increased productivity and job satisfaction.

4. Continuous Learning: Investing in your developers' professional growth by providing a budget for courses and training programs not only enhances their skills but also shows your commitment to their long-term career development. It allows them to stay updated with the latest technologies and industry trends.

5. Private Health and/or Dental Insurance: Prioritizing the well-being of your developers by offering private health and/or dental insurance coverage demonstrates that you care about their physical and mental health. This perk provides them with peace of mind and access to quality healthcare.

6. Personal Time Off (PTO): Acknowledging the importance of work-life balance and mental health, offering medical leave or paid sick days allows your developers to take care of themselves when they need it the most. This benefit shows your understanding and support during challenging times.

In addition to these popular perks, there are other enticing options you can consider, such as providing snacks, subscriptions to online resources, or access to co-working spaces. These additional perks can further enhance the overall working experience and contribute to a positive and motivated team atmosphere.

Whether you are a seasoned investor looking to tap into the region's exponential growth or a startup founder seeking inspiration and guidance, our insights serve as a compass, guiding you through the ever-evolving landscape of LATAM’s tech hub. 

The region is currently at the top of the growth rate for the number of talent hired by international companies. Almost 44% of LATAM developers work remotely for nearshore companies.

This growth rate is excellent news for developers because more can access higher compensations they wouldn't get offered working locally. LATAM developers getting hired by nearshore companies inspires other developers to improve their coding and soft skills, making LATAM's talent hub stronger, one job at a time.