How to calculate ROI?
1. Cost Savings Analysis Salary Comparison: Calculate the difference in salary costs between hiring in LATAM and your home country. Overhead Reduction: Factor in savings from reduced office space and utilities. 2. Productivity Metrics Output Measurement: Track productivity improvements through project completion rates, customer satisfaction scores, and employee engagement surveys. Turnover Rates: Compare turnover rates […]
The ROI of hiring a remote LATAM team
Hiring a remote team from Latin America (LATAM) can offer a significant return on investment (ROI) for businesses. How can this strategy be financially beneficial? Cost Savings Lower Salaries and Operational Costs. Compared to the U.S. and Europe, salaries in LATAM are generally lower for comparable skill sets, reducing overall payroll expenses. Reduced Overhead. Operating […]