Costa Rica

Outsourcing is an effective strategy that has been an essential aspect for companies. It allows them to focus on the most critical elements of their business and outsource work that can be handled by a professional with less effort and a reasonable cost. A majority of large firms today embrace and implement outsourcing because it gives them the ability to expand their options and concentrate on what is essential to them. Thus, the decision to outsource is an arduous task deciding what country to choose and why, which isn't easy.

Costa Rica has emerged as an outsourcing hub globally, specifically for American multinationals. The country, considered one of the Silicon Valleys of Latin America, has potential. That is why businesses are choosing Costa Rica as their top outsourcing destination. It has a highly educated and skilled employees, supported by its complete education program across Latin America, and it also is the most English proficiency of any country in Latin America, which is a benefit in the bulk of English-speaking countries that can outsource their work to companies that are located in Costa Rica. The government is a leader in its education system, and new and improved technical programs in the IT field make the country a business leader.

The IT industry is the most critical factor in modern life as well Costa Rica outsourcing has all the advantages to draw IT firms outsourcing their tasks to them. With its well-educated and skilled IT workforce, the country has an internal attrition rate of 9 percent, according to a study that Deloitte conducted in 2012. This can be a boon for IT companies since they can rely on their outsourcing partners to finish their work punctually and consistently.

Weather

Costa Rica is on Central Standard Time and has good connectivity with an average of 5-6 hours of flight time to the major US cities. Additionally, many of the cities in America offer direct flights to Costa Rica, which makes it more critical to conduct business in a country that is accessible and easy to travel to. The majority of companies within Costa Rica have a great work environment where they operate to enhance the performance of their products, increase efficiency regardless of the website, an existing technological configuration, or create an entire cloud-based application starting from the ground up. With expertise in Customer Service, understanding of different business models, and a strong work ethic, they place Costa Rica in the front of the pack to become the ideal outsourcing partner for any company.

Costa Rica is yet another country that provides a wide variety in the cost of living and the climate and poverty within the region. Progress is being made as the nation is drawing increasing numbers of foreign investors as they move. However, there are likely to be some not-to-be-visited areas for ex-pats considering the country, so it is crucial to be aware of the places you are interested in.

Economy

Historically, the economy has been significantly impacted by the significant inflation rate, but it is now much more in control than it had occurred in recent times. Before the global economic downturn, the economy's growth was anywhere between 9% in the last couple of years; however, it has slowed to 3%, which is still an impressive performance. In the last few years, Costa Rican authorities would appear to have embraced the concept of foreign investment in the region. The actual reality that Intel currently accounts for more than 20 percent of Costa Rica's exports and 4.9 percent of GDP is an excellent reflection of the current situation.

Tourism is among the most critical sectors. However, finance outsourcing, pharmaceuticals, agriculture, and software development are a significant part of the economic activity. The tourism industry will probably be more critical to the economy and provide substantial employment opportunities shortly.