The remote work revolution

There has never been a better time to be part of the technology industry than today, and what better than to take advantage of exciting benefits such as remote work to boost productivity while working flexibly?

The benefits of working with an international company while in Latin America are noteworthy. The current market situation makes it more favorable for employees and is paving the way to a better income and quality of life for thousands of skilled professionals.

In this blog post, we highlight some of the main reasons why working for an international company gives skilled individuals the opportunity to grow professionally while significantly improving their quality of life.

‍Earn in US Dollars

Working with companies in the US makes getting paid in US dollars inevitable. The US dollar continues to be the most stable and powerful currency on the planet. Compared to the devaluation of other currencies throughout the region, authentically earning in dollars has considerable implications, but it is feasible and allows any professional to earn above the industry average annually.

By having the option of earning and saving in US dollars, remote workers can increase their salary between 5 to 12%, versus being paid in their home currency.

‍More benefits and new opportunities for the entrepreneurial spirit

The number of new companies being created every day is monumental. On average X number of companies are started in the US each day. Of those Y are created within the technology space, meaning many benefits are on the table for employees.

Challenging the status quo and aspiring to radically change global industries is what makes these companies stand out from the rest and engineering and technological challenges will be up to date. Engineers can also expect to take advantage of a unique component in the US industry - diversity and multicultural collaboration. These enrich professional experiences. 

When leaders, founders, and business owners start new companies, facing risks and uncertainty is more than obvious. But, there are also attractive benefits for employees jumping on the bandwagon. Employees may get special access to incentives such as shares, or equity plans, and based on the success of the startup, employees can rake in huge benefits. This isn't new, and even interns that have been pillars for the success of companies have grown up through the ranks!

‍Investment and capital concentration

The Venture Capital industry was started in the US and the highest concentration of VC firms is still situated in the US today. Even startups in Latin America raise capital from funds located in the US and around the world. The same investors in Latin America mobilize their investment vehicles directly from the US.

Today, there is still almost 1 trillion USD undeployed in innovation projects waiting to be injected into the next tech teams for promising companies to become unicorns.

This capital backing not only gives strength to the economy as a whole but also to companies to be able to continue innovating and discovering the right path toward profitability and scalability.

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Growing talent shortages

The number of job openings in the US technology industry continues to rise at a surprising rate with an estimated 800,000 open positions. Companies in the US are becoming more pressured to continue hiring talent outside national borders as local skills shortages and hiring challenges are at an all-time high. Plus, team and company growth strategies are seeing a steady shift towards a remote and decentralized business operating model. 

World-renown teams have confirmed this for many years: top talent can be found anywhere.

Companies need to go where the talent is and connect them with the right opportunities to generate value as individuals, and collectively, with companies.

‍Better proximity and timezone alignment

More teams collaborating remotely are looking for collaboration mechanisms that align with their style and pace of life. Something as simple as the alignment of time zones is of greater interest to US teams as other markets that are unable to offer this result in extra complexity and maintenance when managing these teams.

Proximity allows for certain face-to-face meetings that help build trust between leaders and remote members. Access to the Latin American market is very attractive and convenient, in addition to the tourism component that has much more to boast about than other parts of the world.

Lastly, cultural similarities such as common languages and working styles between the US and Latin America are able to boost team collaboration, efficiency, and mutual understanding when working remotely.

‍Emerging Hispanic leadership opportunities

A much more empowered generation of Latinos is coming to the US and will take up important roles in organizations in the years to come. No matter their generation, their bilingual capacity will give them a unique place within companies as they are able to provide access to talent markets for companies to take advantage of. 

Start with your Coba Account!

Whether you’re a seasoned remote worker or you’re just starting out, we want to make sure your experience is one to remember. Everyone deserves to get the most out of their professional careers by maximizing their wealth - remote workers included!

Start by opening your US Dollar bank account, without even having to leave home. You’ll get your very own card, enjoy easy ATM withdrawals in your local currency, and experience instant, international transfers for peace of mind.

‍Sign up and join our waitlist here.

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The financial stack for the modern remote worker

Whether you’re a seasoned remote worker or just starting out, we want to make sure your experience is one to remember. Everyone deserves to get the most out of their professional careers by maximizing their wealth - remote workers included!

Start out by accessing to a US account to receive USD payments, without even having to leave home. You’ll get your very own card, enjoy easy ATM withdrawals in your local currency, and experience instant, international transfers, without hidden bank fees, for your peace of mind.

Get early access on the next link.