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Unlocking Global Tech Opportunities: How Latin American Developers Can Thrive in the international market by upskilling and reskilling
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The software engineer job market is oversaturated (particularly at the junior career stage). These market conditions have considerably increased the requirement for tech professionals to upskill and reskill. Let’s take a closer look at the factors that have contributed to the current situation:
- More people in Latin America are seeking jobs in software development, creating a wider talent pool, especially for beginner roles. According to a recent research, Latin America and the Caribbean have 30 million students enrolled in 60,000 programs at 10,000 higher education institutions.
- The recent economic downturns have resulted in mass layoffs in the software industry, causing experienced developers to reenter the job market and intensifying competition. A total of 640,000 technology-related jobs were eliminated between the years 2022 and 2024.
- In 2024, the fight over remote work will intensify. Software engineers are increasingly being outsourced and offshored due to the growth of remote work and payroll services that facilitate hiring overseas. Companies can access a worldwide talent pool through remote work, which intensifies competition for senior and entry-level roles.
- AI advancement: Repetitive coding activities are being automated by AI, which may have an influence on certain entry-level positions. AI will change the tech job landscape, but it won’t completely replace the need for developers.
When faced with these unusual circumstances, by continuously learning and acquiring new skills, you will be able to:
1. Stay ahead of the curve and improve your core skills.
Keep up with industry developments while focusing on adaptability and necessary skills. However, avoid merely chasing trends. You should also work on developing your problem-solving talents, learning the principles, and honing your communication skills. This strategy is adaptable enough to accommodate changes in software development and economic upheavals.
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2. Boost marketability.
Possessing fresh or innovative talents will make you more in demand in the market if you wish to change jobs to boost your pay. Alternatively, it will facilitate your acquisition of that raise. We will discuss that later.
3. Consider improving your soft skills.
If you want to earn more money by upskilling, you should consider which competencies are the most profitable to learn. The term “upskilling” conjures up images of hardship. It appears to hint to developing technically and mastering challenging skills, like as adding TypeScript to your toolkit. Now, approximately 90% of hiring failures are due to a lack of soft skills. Given this, developers, who are stereotyped as being lousy at interacting, should critically consider whether clearing interviews or having promotion conversations is the most crucial ability to learn. This is because the results of these upskilling slots are nearly always straightforward: they will increase your earnings. Job switching is a tried-and-true method for increasing your salary. When the story of job-hopper Alex Nguyen made headlines, people flocked to explain that they believed in his strategy because clearing interviews is one of the simplest methods to earn more money as a software engineer. If you haven’t improved your interview skills, you’re missing out on a higher salary. This engineer changed jobs three times in three years, receiving a 20% pay increase when he moved from Amazon to Microsoft for the same role and responsibilities. If your present upskilling program isn’t yielding tangible results, you might want to adopt a different approach
Developers in Latin America have a great opportunity to prosper in the global digital job market, especially with the growing demand for their skills among US-based organizations. They can improve their career prospects and earn more money by upskilling and reskilling in the latest technology and improving their English skills. This strategy enables people to work remotely from home, breaking down geographical restrictions while providing high-quality services. With the freedom to work for worldwide clients, these developers can use their expertise to acquire more lucrative opportunities and contribute to creative initiatives that will further their careers.
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