With the recent profusion of outsourcing in Central and Latin America, Honduras is emerging as a hotspot, possessing certain unique advantages compared to its neighbors in Central America. It has one of the most liberalized Telecom markets in Central America with the lowest wholesale rates. But most importantly, Honduras has one of the highest populations of true bilingual workers that are in increasingly in demand by US outsourcers. Being the second largest country in the region, Honduras has sufficient human resources to serve the BPO, ITO sector growth for several years without facing the recent kinds of saturation, attrition or cost escalation faced by Costa Rica, Guatemala, El Salvador and Panama.
|Labor Pool||Bilingual Schools||Avg. Salary|
|GUA||less than 5,000||26||$540 / mo|
|ELS||less than 5,000||55||$550 / mo|
|NIC||4,000||5||$575 / mo|
|CR||15,000||35||$650 / mo|
60.8% of GDP
$4,000-$6,000 / year
In May 2011, Congress approved legislature that promotes employment and investment protection, ensuring investors a legal framework that offers guarantees of protection for their capital.
The recently adopted law was a priority for both domestic and foreign investment, and represents the best interests of Honduras to promote growth and investment development. These laws intend to attract investment with broad participation by the private sector, on national and international levels to reduce unemployment and poverty, by promoting corporate social responsibility.