With a projected growth of more than expected in the first quarter of 2021, the job market in Brazil seems to boost up before the Covid-19 brutal second wave. The rapid increase got witnessed due to a 5.7% jump in the agriculture sector and a 4.6% surge in investments opening doors to various remote job opportunities.
Although the Covid-19 impacted the overall economy by 4.9% that was much smaller than that of neighboring countries, the job market in Brazil still managed to bounce back in the first quarter of 2021 due to various pandemic welfare programs introduced by the government in 2020. With the changing time, the employers and the employees shifted to the new way of working, which is remote working, which proved to be a blessing for various industries and working-class people.
The data confirms that Brazil successfully managed to hold pretty well during the pandemic and is constantly moving towards growth and better job opportunities for the working-age people.
Overview Of Brazil
Population: 214.3 million (2021)
Gross Domestic Product (GDP): 1.43 Trillion (USD)
Brazil's economy in the first quarter (Q1) of 2023 experienced a 1.9% expansion surpassing the projected 1.3% growth prediction. As the tenth largest economy in the world and the largest in Latin America, Brazil's economy has been stable for a few years with the services sector accounting for 63% of the country's GDP.
Brazil is the largest country in South America, ultimately leading to a promising market size enough to accommodate all the working-age population with a sustainable job for improved quality of life. Though Brazil’s economy contracted substantially in 2020 by 4.1%, it recovered slightly in the third quarter of 2020 and bounced back in the first quarter of 2021 with a GDP growth of 3%.
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A Brief Glimpse Of Industries
- The predominant industry in Brazil is the steel industry that provides attractive job opportunities to working-age people. With producing 32.2 million tons of steel in 2019, Brazil’s steel industry is one of the ruling steel industries of the world.
- The shipbuilding sector in Brazil is another important industry in the country. Though this industry witnessed multiple downs between 2014 and 2016, the return of the pre-salt began to re-boost the naval sector giving rise to new opportunities for the people.
- Contributing 2.5% to Brazilian GDP, the chemical industry is yet another critical industry in brazil. It is the 6th largest chemical industry globally, with 973 factories employing thousands of skilled professionals.
- Contributing 9.7% to the country’s GDP, the food industry in Brazil is a significant industry. The company employs more than 1,60,000 workers making it the largest in the manufacturing industry.
- Another industry such as textile industry, electronics industry, and household appliances industry contributes to the country’s GDP. Recognizing the emerging talents and hiring them for growth and development provides better-improved results.
- The average internet speed in Brazil is 15.3Mbit/s. The average broadband internet speed in Brazil is 66.73Mbps.
- With approximately 70.4% of internet users in Brazil, the internet speed is pretty good to carry out remote functioning.
Cost Of Living
The cost of living in a country gets determined by various factors, including accommodation prices, food expenditure, individual preferences, and transport prices. To give you an insight into the cost of living in Brazil, we have formed a table mentioning all the essential details. So, let’s dive in and have a look!
A brief breakdown of the cost of living in Brazil
Cost Of Renting
The average cost of renting in Brazil is much more reasonable as compared to other developed nations. Also, it gets determined by the city you are living in and your living standards. The average cost of an apartment with three bedrooms outside the city center will cost you $350.00 per month and inside the city center $526.00 per month, which is much lower than in other countries like the USA.
Top Sectors That Are Expected To Hire In Brazil
Here is the list of the biggest industries in Brazil that are expected to hire in 2023 and the coming years.
- Industry- Accounting for 28.5% of the country’s GDP, Brazil has the second-largest manufacturing sector in the Americas. Brazil has a diverse industrial sector, including automobile, computers, steel, aircraft, and consumer durables are some of the biggest industries that employ skilled labor every year.
- Tourism- In the list of top tourist destinations, Brazil stands at the 48th position according to 2018 data. The rise in tourists opens doors for ample opportunities in tourism and hospitality.
- Mining- Mining is yet another leading sector in the country as Brazil is one of the largest world producers of iron ore, gold, copper, bauxite, manganese, and tin. Labor with extensive knowledge of these precious stones gets hired in the mining industry.
Top Skills In Brazil
Brazil is a mixed economy and has a vast diversity in job opportunities for knowledge workers and laborers. Below we have listed some major working areas and skill sets that one needs to ace the position.
- Agriculture- Adaptability, interpersonal skills, tech-savvy, and time management.
- Banking- Analytical skills, problem-solving approach, communication skills, positive attitude.
- Oil and Gas- IT skills, communication skills, and analytical skills.
- Hospitality- Teamwork, multi-tasking, attention to detail, and communication.
- Food processing- Attention to detail, excellent cleanliness standards, and a genuine interest in food.
Top Skills City-Wise Occupation In Brazil
The cost of hiring is an essential factor while employing a candidate as it affects the overall decision drastically. Due to the covid-19 pandemic, the countries have shifted to the digital world and are opting for the digital work scenario. Below, we have listed some significant points that can affect the hiring cost:
- Recruitment cost
- Training cost
- Opportunity cost
The following table reflects the annual salary drawn by employees of various sectors in brazil:
Employment Laws In Brazil
Brazil is a country with too many benefit laws for employees. Below, we have listed some major employment laws that will help you to hire in Brazil.
- The working hours in Brazil should not exceed 44 hours in a week or 8 hours a day.
- Employees have the right to take 30 days off in a year without compromising with the pay.
- The 13th salary gets paid to the employee in two installments. Here in Brazil, it gets paid in November and December as a Christmas bonus.
- Notification must be given TO the employee a month before firing.
- One hundred twenty days leave get granted to pregnant women, and they cannot get fired after the delivery and five months after the baby is born.
- Fathers have the right to take five days off after the birth of the baby.
- Brazilian employers pay the transportation bill of their employees and take care of food if one is working 8 hours a day.
Brazil Remote Hiring Trends 2023
With a steadily declining unemployment rate in 2022 and a booming tech economy, Brazil has become one of the most popular countries in South America for hiring remote workers.
Companies Are Primarily Hiring in the Tech Industries
In 2022, Brazil ranked as having one of the top five highest startup rates in the world and has become known as the premier tech epicenter in Latin America. This tech boom can be seen this year in growing industries in the area, including:
- Travel Tech
The recruiting done by tech companies account for roughly 50% of all hiring in Brazil, and it's safe to assume that the economic growth in these industries will continue to rise in the years to come.
Hiring in Brazil
Brazil’s hiring activity has increased in 2023. Only 89.04 million people in Brazil were employed in July of last year, which increased to 98.27 million people by June of this year.
Jobs With the Fastest-Growing Demand in 2023
The following jobs are some of the most in-demand in Brazil this year:
- Sales professionals
- Tech specialist recruiters
- Project Managers
- Software engineers
- Business development representatives
Top Five Skills Companies in Brazil Are Hiring For
Brazil is experiencing a need for soft skills in 2023 as more automation and digitization occur. These are the primary skills companies are looking for in Brazil this year:
Industry Expertise: Skuad
Hiring in Brazil is a hectic process. It requires an in-depth knowledge of all the crucial aspects such as employment laws, cost of living, salary structure, trends, hiring cost, and much more that drastically affects the final choice. Skuad acts as a one-stop destination for all your hiring requirements. We are your local HR, where we handle every minute recruitment process and give you the freedom to concentrate on more critical areas without hiring stress.
Connect with Skuad experts to know more.