Learning about Back office and Investiment Opportunities in LATAM

Benefits of HR Outsourcing to Chile

Written by Ongresso - Business Beyond Borders | March 13, 2024

Chile has enjoyed a stable and growing economy, projected to experience an increase of 1.61% n GDP in 2024 compared to 2023. This positive outlook, coupled with the country's focus on innovation and technological advancements, makes it a prime location for international businesses seeking expansion.

source: statista.com

Benefits of Recruitment Outsourcing in Chile

  • Rapid Business Growth: Partnering with a reputable recruitment agency in Chile grants you immediate access to a network of pre-vetted candidates. This makes it easier to quickly find the talent you need to grow your company.
  • Access to Top Talent: Using the knowledge and skills of seasoned recruiters greatly improves your chances of finding highly qualified candidates with the precise training and work experience needed for your available positions.
  • Reduced Internal Workload: Outsourcing the recruitment process alleviates the burden on your internal HR team, allowing them to dedicate their time and resources to other crucial aspects of your business operations.
  • Faster Onboarding: Recruiters with a deep understanding of the local talent pool can efficiently identify candidates who possess the necessary skills and experience, minimizing the time it takes to onboard new hires.
  • Crafting Compelling Job Descriptions: Recruitment specialists can craft targeted job descriptions that resonate with the ideal candidate pool, attracting a higher amount of applicants.

Other Things to Take Into Account When Hiring in Chile

  • Growing Tech Talent Pool: Chile is rapidly becoming a hub for skilled tech professionals. The country has a large and ever-expanding pool of software engineers (around 60.000), making it an ideal location for companies seeking top-tier developers.
  • Competitive Compensation: Offering competitive salaries that are in line with industry standards is crucial for attracting and retaining top talent, particularly in the tech sector
  • Embrace Remote Work Flexibility: In today's dynamic work environment, consider offering remote work options to a wider range of qualified candidates
  • Investing in Employee Growth: Providing opportunities for career development and advancement demonstrates your commitment to fostering a culture of learning and growth within your organization.

Why Outsource to Chile?

Cost-Efficiency

  • As a relatively new player in the outsourcing sector, Chilean companies offer high-quality services at competitive prices.
  • The lower cost of living in Chile translates to lower operational costs for outsourcing companies compared to their counterparts in Europe and North America.
  • Salary benchmarks are lower in Chile compared to countries like the USA, making it a more affordable option.
  • Reduced competition in the outsourcing sector compared to established players like for example India further contributes to cost savings.

source: countryeconomy.com

High-Quality Workforce
  • Chile has a competent and technically adept workforce due to its robust education system.
  • The literacy rate in Chile is 97%, exceeding the Latin American average.
  • Top universities consistently rank highly, producing graduates with strong educational backgrounds.

Business-Friendly Environment

  • Chile offers a stable socio-economic environment with pro-business policies.
  • Ranked as one of the safest Latin American countries on the Global Peace Index.
  • Easy-to-understand tax laws and low corporate tax rates.

Robust Infrastructure

  • Often referred to as the "Chilecon Valley," referencing Silicon Valley, Chile is a recognized tech hub in Latin America.
  • Major cities boast technology parks, hubs and co-working spaces providing access to world-class infrastructure and research facilities.
  • Reliable and fast internet connectivity throughout the country.

What Else to Outsource to Chile?

1. IT Outsourcing

  • Cost-effective access to expert IT services.
  • Services: software development, testing, website design, blockchain development, technical support.

2. Payroll Outsourcing & Employer of Record

  • Services: salary payments, compliance management and more

3. Customer Service and Telemarketing

  • Chile's strategic location for customer operations.
  • Services: customer support, telemarketing, call quality management.

Simplify Your Chile Expansion with Ongresso

Focus on your core business while we handle the complexities of entering the Chilean market.

  • Expert HR Solutions: Our services encompass recruitment, payroll, and global employment solutions (PEO/EOR) to optimize your workforce.
  • In addition, we offer other services to streamline your business expansion. We navigate company formation, legal compliance, and financial management, ensuring a smooth launch.