Hiring Trends Brazil – Biz Latin Hub
When broken down by sector, the hiring trends in Brazil in 2022 are more encouraging – particularly in skilled tech-sector jobs. Of all the retail jobs created in April this year, 13.24% of those were IT and tech-related jobs, a 1.24% increase over the first quarter of 2022.
Here are the most sought-after tech jobs in Brazil in today:
- Software developers
- Database administrators
- Network administrators
- Information analysts
- Computer support specialists
- Employees with miscellaneous computer skills
SEE ALSO: Company Formation and Incorporation Options in Brazil
In 2022, the uptick in hiring trends in Brazil heavily favors the tech and IT sectors.
1. Software and web developers, programmers, and testers made up the lion’s share – making up 91.41 percent of all tech-sector hiring trends in Brazil in April 2022.
2. Database and network administrators, as well as systems architects, accounted for 3.91 percent of all tech talent hires in April this year.
3. Computer and information analysts made up 2.34 percent of all IT/tech related job postings in the South American country in April this year. While that figure seems modest, it was a 200-percent increase over the month of March for this kind of job.
4. Workers hired for what’s been classified as miscellaneous computer skills also accounted for 2.34 percent of hiring trends in Brazil in April, the figures show.
5. Finally, computer support specialists made up 0.78 percent of IT related recruitment activity in Brazil for the month of April 2022.
There is strong demand for all things tech: project engineers, software developers, designers, full-stack developers, database administrators, and data/systems analysts, and technical support roles. So it’s clear that hiring trends in Brazil are leaning heavily toward the technology market.
Hiring Trends in Brazil Affected by a Short Supply of Tech Talent
But Brazil’s tech-talent supply is struggling to meet the demand. One study projected that as many as 400,000 IT/tech jobs will go unfilled by the end of 2022, according to a report by the analysis firm Nearshore Americas. Another study by Manpower Group found that as many as 81 percent of employers in Brazil had difficulty filling IT, front office, operations, sales & marketing, and administration roles.
To fill the void, it is incumbent upon Brazil-based companies to cater to IT workers’ wants and needs – and also to ensure they’re attracting the best local tech talent possible.
What are 4 Ways that Brazilian Employers Can Fill the Tech-Talent Void?
- Higher salaries
- Flexible/hybrid work environments
- Invest in tech-related training
- Cast a wider net by improving diversity
Below we explore each of these points in more detail:
1. Higher salaries – This one is a no-brainer. It’s a mistake to assume that the lack of tech talent in the Brazilian labor market means that there’s a lack of qualified workers in the country. Not so. There are hundreds of thousands of highly skilled tech/IT workers in Brazil. But a large portion of them are technically working in the US and other developed countries, and do so in a work-from-home employment arrangement. They make dollars, pounds or euros, and that, combined with a depreciated local currency, means that it’s quite lucrative for them to do so. If Brazil based employers want to attract local tech talent, they need to match or beat the salaries the tech workers are making overseas.
2. Flexible/hybrid work environments- Recruiters the world over are using hybrid/work-from-home environments as an incentive to draw the best tech talent, and employers in Brazil would be wise to do the same. Who wants to battle congested commutes and traffic-jams just to get to an office every day when you can do the same job from the comfort of your own home?
3. Invest in tech-related training – One way to fill open positions in your firm is to approach the best people you already employ and offer to pay for them to be trained as software developers, computer engineers, or database administrators and the like. In many cases, employees already have a solid tech foundation, and training would be a matter of bringing them up to speed (aka up-skilling).
4. Cast a wider net by improving diversity – Managers should be looking for more diverse hires, as this promotes innovation and profitability, according to a report conducted by the online employment publication Clinch. Brazil based employers can open the door to a larger pool of talent by diversifying recruitment strategies, offering equal pay for equal work, sourcing a more diverse range of candidates, and implementing strict anti-harassment/HR policies.
With high inflation, supply chain issues and conflict in eastern Europe, the negative impact of global economic volatility has been felt the world over. But Brazil’s economy remains stable, as does its investment climate. It is no surprise then, that hiring trends in Brazil continue to be robust.
Brazil will hold presidential elections in October this year, so there is a level of uncertainty for foreign investors to contend with. But much of the Brazilian business community remains optimistic, with many firms planning to increase investment and in technology and training, with an eye on boosting revenue growth, according to a country report by Deloitte.
Biz Latin Hub can help you with hiring trends in Brazil
At Biz Latin Hub, we provide integrated market entry and back-office services throughout Latin America and the Caribbean, with offices in Bogota and Cartagena, as well as over a dozen other major cities in the region. We also have trusted partners in many other markets.
Our unrivalled reach means we are ideally placed to support multi-jurisdiction market entries and cross border operations.
As well as observing the latest hiring trends in Brazil, our portfolio of services includes hiring & PEO accounting & taxation, company formation, bank account opening, and corporate legal services.
Contact us today to find out more about how we can assist you finding top talent or otherwise doing business in Latin America and the Caribbean.
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