World-class talent at highly competitive costs: Buenos Aires emerges at the top of a global digital industry ranking

WorkMotion, one of the leading global HR platforms for talent recruitment abroad, just posted your Local Talent Indexa rank identifying 100 cities most competitive when it comes to offering remote workers the six most in-demand professions today.

The six professions identified by WorkMotion as having the highest demand for remote work are developer; cyber security analyst; digital marketing professionals; human resources professionals; data scientist and analyst; and video game developer.

Each city is evaluated according to three criteria in each of these professions: access to talent (measures the concentration of professionals at both the senior and junior levels), local salary (comparing the salaries of cities for each profession from the perspective of teleworking) and remote work infrastructure (existence of regulations facilitating remote hiring of employees, coworking spaces and the level of proficiency in the English language). In this last column, the data for the six professions and The City of Buenos Aires occupies the 91st position for its regulations, the 31st for coworking spaces and the 32nd for its command in English (excluding 33 English -speaking countries).

Both at the senior and junior levels, the City of Buenos Aires is ranked among the 10 cities with the best human resources to offer for remote contracting modality. for these six professions. For example, young professionals in Buenos Aires in digital marketing, human resources and video game development top professionals in the 100 best reviewed cities.

In all three cases it has a large weight is the salary variable: hire a professional from the City of Buenos Aires in any of these three professions for remote work This is between 60 and 75% cheaper than getting one in the same category in any of the 25 countries with the highest GDP in the world. Without further ado, hiring a Swiss cybersecurity professional costs 145% higher than hiring a professional from any of those 25 countries. The comparison allows weighing the range that the exchange rate in Argentina may have as a variable in this index.

But the cost-benefit variable is not the most important when it comes to hiring workers remotely from other countries. The City of Buenos Aires is also highly regarded for its access to talent, both senior and junior. This means that it has a high availability of human resources for remote retrieval of jobs linked to these six professions.

With 92.27 points, the City of Buenos Aires is ranked 5th for its access to young digital marketing talent. It indicated the best appreciation for any Latin American city in this area and just behind London (100), Paris (96.94), Seoul (93.94) and Melbourne (92.55). It scores even better for its access to young HR professionals (94.03), just next to London (100) and Paris (97.92).

Of these six professions, the developer shows the largest salary gap between the income of a professional in Argentina and another from any of the 25 richest countries in the world for doing the same job.

According to WorkMotion, hiring a developer from Buenos Aires is 76.48% cheaper than hiring one living in the countries with the highest GDP. However, the average salary of developers in São Paulo and Rio de Janeiro is still more competitive than in the case of porteños (they are 79.75% and 79.28% cheaper, respectively).

At a senior level, the best professionals for remote work in the City of Buenos Aires are video game developers: they get a great rating that puts them in 3rd position overall, just below the Indians and Malaysian. Hiring video game developers living in the City of Buenos Aires costs 75.05% less than doing so in any of the 25 countries with the highest GDP. This is a very competitive percentage when you consider that it is cheaper to just do it in New Delhi, Bangalore, Istanbul or Kuala Lumpur. Despite its good score, Argentina’s level of access to senior talent for video game development registers in the lowest position (91st) and the lowest competitive in Latin America.

In this way, and in line with several legislative projects aimed at improving dollar payment conditions for Argentines exporting services, the Local Talent Index has come to put the numbers into reality: 16% of companies around the world operate with 100% of their employees remotely.

In this context, the City of Buenos Aires, and therefore Argentina, is increasingly prolific more attractive for contracting in this modality. But for this phenomenon to continue it requires more than a competitive exchange rate. For WorkMotion, in addition to developing a technology -savvy English -speaking workforce, governments must implement long -term policies guaranteeing facilities for hiring local employees remotelywhile at the same time benefiting from the increase in taxable income generated by this activity: ultimately, it is the only effective guarantee to stop what some have already pointed out as a new brain drain in Argentina.