Blog PEO Solutions

Hiring and managing your global talent is one of the most challenging aspects when expanding internationally. Since your human capital is the essence of your company, it is important to maintain high levels of communication, productivity, competitiveness, and motivation within your remote teams to achieve your company's goals and continue growing.

In the past years, Peru has significantly improved its economic performance, allowing local and foreign investors to apply for better business opportunities. Currently, it is considered the seventh-largest economy in Latin America as well as an ideal destination for businesses looking for economic stability.

Peru has become an attractive investment target for foreign businesses, thanks to its macroeconomic stability and economic performance. It stands indeed as one of the fastest-growing economies in Latin America, and in 2020, its gross domestic product (GDP) is forecast to expand by 3.2 percent and 3.6 percent in 2021.

Chile became one of the leading prosperous and competitive economies, not only in Latin America but worldwide. Currently, classified as a high-income economy according to the World Bank and ranked globally in 33rd place for its competitiveness in productivity growth.

Over the last few years, Brazil has experienced an astounding economic growth. Currently considered as the ninth-largest economy in the world and the largest in Latin America, Brazil has indeed become a very popular destination for companies looking for greater business development.

Brazil is one of the top ten most influential emerging economies for doing business. Nevertheless, if you want to hire local talent, you must consider the next four key labor laws in Brazil.

In today's international climate, companies are encountering compelling business opportunities when starting operations in foreign markets. For example, increasing the business' revenue due to a larger base of customers, as well as finding a new talent pool with distinctive mindsets and skills.

In the last few years, emerging markets have been gaining increasing attention as key actors in global economic growth. They have become powerhouse economies for foreign investments as they represent 59 percent of the total global gross domestic product (GDP).

In the last years, Latin America has gradually evolved into an exceptional market for doing business. Its region encompasses some of the fastest-growing economies in the world, such as Mexico, Brazil, Chile, the Dominican Republic, Uruguay, Costa Rica, Panama, Colombia, among others.

Latin American markets can offer you exceptional business opportunities for your company's growth as well as commercial success. However, before venturing on starting operations in Latin America, you should analyze the advantages of investing in this region and consider some relevant factors when hiring personnel in Latin America.