How Fintech Companies Hire Java Developers from Latin America?
Wondering how to hire a Java developer? Kateryna Bilkovets, an experienced recruiter from Daxx who’s been helping fintech companies find and hire Java developers for more than three years in a row, to share insights about Java developers and practical tips that fintech companies can use to hire Java developers quickly and easily.
Kateryna describe the Java developer talent market:
There are about 8 million Java developers in the world and, according to 2020 research.
Where can we find the largest number of Java developers in 2021?
The tech talent market has a great supply of Java developers, but the demand for them is high as well. These days, Java developers are consolidated around the IT outsourcing sector.
The majority of Java developers work on projects which are outsourced by tech businesses from the US, the UK, the Netherlands, Germany, Sweden, Norway, and other countries.
So the first place I go to when searching for Java developers outsourcing and IT outstaffing companies is in Kyiv, Kharkiv, Lviv, and Dnipro — Ukraine’s top IT hubs.
What’s the usual background for a Java developer?
As a rule, Java developers begin their careers by learning Java. But there are also Java developers who switched to Java from C#. You can also find many Java developers moving to Kotlin and Scala, but they’re far less numerous than developers using Java only.
Do you have any tips you could share with fintech companies that want to hire Java developers?
Sure, I have plenty! The hiring process in the tech industry is quite simple, but there are some things you should know when hiring a Java developer. From my observations, you can easily find a Java developer and invite them to an interview, but you should remember the following aspects:
Pay attention to seasonality
Judging from statistics from previous years, there are two seasons a year when it’s easier to hire a Java developer. The first season is between February and April, when te foreign tech companies have their budgets settled and actively search for tech vendors. That’s when recruiters actively seek Java developers and offer interesting projects. The second season is between August and October.
Optimize your recruitment process
Daxx is an IT company based in Ukraine. Our model allows our clients to conduct interviews by themselves. They can arrange as many phases of recruitment as they need to find suitable candidates. This, however, doesn’t mean that the more phases there are, the more effective the recruitment process is. In contrast, the more optimal the hiring process is, the more likely it is that a Java developer will choose your company. “But why?” you may ask. Because there’s a high demand for Java developers, which means that they can get through the hiring process at another company faster than at yours. For instance, at one company, a Java developer has to do a test task, go through an interview with an HR manager, then get interviewed by a technical expert, and then (optionally) get through a final interview. This 4-stage hiring process is tiring and time-consuming. You can simply lose a suitable candidate to another company with a more efficient hiring process. Do this instead: spare some time for an online coding session and look how a candidate resolves problems by yourself.
Discuss in detail the responsibilities of a candidate. Share as many details about the project as possible (tech stack and number of teammates). Feel free to talk about the candidate’s opportunities for growth within the company.
Are there many Java developers working in Fintech projects?
Yes, and this makes it so easy for fintech companies to hire Java developers.
Of course, there are large teams of Java developers who work for Deutsche Bank and other fintech giants, but the rest of Java developers create digital solutions for small and middle-sized fintech companies.
Vive is one of the Fintech companies that hired Java developers to build their product. The product’s aim is to help freelancers and other professionals to get control over their finances and become more financially aware. Vive is a perfect tool for those who want to plan their finances more efficiently and reach their life goals.
In an interview, Vive CTO Rogier Roukens said that he decided to hire Java developers because of close cultural proximity, good English skills, reasonable salaries, great technical education, and high availability of Java developers.
The most impressive part of working with Java developers is that engineers have top-notch technical skills, especially the senior Java developers offered by Daxx. The majority of Java developers show initiative and share their ideas for product improvement.
“The personal qualities of developers deeply surprised me. I remember assigning a task to one of them. Later on, I realized that I had forgotten to mention some important details. So I thought that he would not be able to cope with the task in the way I had initially planned. The next day, I took a look at the solution and was surprised that he filled in the gaps exactly how I would have done it. That was remarkable” says Rogier in an interview with Daxx.
How Daxx Retains Developers in a Highly-Competitive Market
Check what retention tools are used at Daxx, how they are implemented, and why retention is the main driver of long-term cooperation.
How Daxx retains developers in Ukraine
The average monthly salary of a Java developer varies depending on years of experience.
For instance, the average salary of a junior Java developer in Ukraine is around $1,100 – $1,900 month. A middle Java developer earns about $1,900 – 3,200 a month, and a senior Java developer gets $3,200 – 4,800.
Junior $1100–$1900
Middle $1900–$3200
Senior $3200–$4800
Considering the skills and level of expertise, on average, Java developer salaries in Ukraine, Latinoamerican salaries are lower than in countries like the US, Switzerland, Israel, and many others.
What are the things to remember about hiring Latinoamerican Java developers for a fintech company?
Here are a few things to keep in mind: there are plenty of Java developers in Latinoamerica for hire even if you need an engineer with experience in fintech projects.
Latinoamerican Java developers have sufficiently lower average salaries than their colleagues from the US, the UK, the Netherlands, and other tech-savvy countries, yet they possess big technical skills.
As a rule, Java developers in Latino America; they show interest in new job opportunities, and their role is to advertise your projects as well as they can.