The shortage of tech talent in Latin America could likely worsen in the coming months as Spain begins luring the region’s IT workers with digital nomad visas.
Spanish companies have been fishing for tech workers in Latin America for a while. Last year, the job offers drew strong interest among Argentinean workers, who’re tempted by the prospect of being paid in euros amidst an economy hit by alarming inflation numbers.
Beyond the pay, Spain represents an attractive option for the Latin American tech pool. In contrast with the US, which is the main market for the export of tech services from the region, there’s no language barrier and cultural friction is a minor problem.
These advantages are what Spanish companies are aiming to exploit as they scramble to fill job vacancies at home. According to a 2021 study, 64% of Spanish companies face labor shortages. The crunch is being felt with particular intensity when hunting for artificial intelligence (AI) and cloud computing experts.
According to Euronews, hundreds of small towns and villages in rural Spain are looking forward to welcoming digital nomads. The new visas offer temporary stays that range from six months to two years.