The People & Culture Platform | Culture Amp

New Tech (Latin America) 2021

The new tech numbers tell a story of (mostly) young and fast-growing companies that are some of the most in-demand places to work in the world right now. But what makes a New Tech company is not their age, size or industry - it is their approach to business. All of our New Tech companies are disruptive at their hearts; often internet-based or focused on creating new technologies.

  • ~615k

    Questions answered
    in last 12 months

  • /
  • ~65

    Organizations

These insights represent ~615k questions answered from ~65 organizations, ranging in size from 10 to 3,700 people, in the last 12 months.

The data meet our criteria as being robust and reliable; unlikely to substantially change over time; and representative of the wider industry. Read more about the methodology.

Data provided by Culture Amp

Industry breakdown

  • Internet

    37%

  • Computer Software

    35%

  • Information Technology and Services

    24%

  • Computer Networking

    3%

Region breakdown

  • South America

    81%

  • North America

    16%

  • Central America

    3%

Are employees committed to their organizations?

Engaged people are emotionally committed to their organization. These people stay at their organizations longer and are more productive and effective. Successful organizations have more engaged employees.

83% of New Tech (Latin America) employees are engaged

This is in the top 3% compared with the overall average.


The average eNPS score for organizations in this benchmark is 56 and is the highest scoring group compared with the overall average.

Understanding the engagement questions

Engagement is defined through these five industry-standard questions from Culture Amp’s engagement survey template.

[Company] motivates me to go beyond what I would in a similar role elsewhere

83%

12% above global average

I see myself still working at [Company] in two years' time

78%

11% above global average

I would recommend [Company] as a great place to work

93%

9% above global average

I rarely think about looking for a job at another company

67%

8% above global average

I am proud to work for [Company]

94%

7% above global average

The highest scoring question for New Tech Latin America had 94% of people agreeing that they are proud to work for [company] (+7% compared to overall) while they were generally most positive about Work & Life Blend.


People in New Tech Latin America were generally least favourable about Service & Quality Focus, and were most negative towards 'I have seen positive changes taking place based on recent employee survey results' with 9% of people disagreeing (-3% below average).

Which questions matter the most?

Different things are important to different cultures. If you want to make more of your people engaged then you need to know what is important your people. These questions are most important to keeping people engaged in New Tech (Latin America) organizations.

1

[Company] is a great company for me to make a contribution to my development

88% favorable


The factor this relates most closely to is Learning & Development

Which questions matter the most?

Different things are important to different cultures. If you want to make more of your people engaged then you need to know what is important your people. These questions are most important to keeping people engaged in New Tech (Latin America) organizations.

1

[Company] is a great company for me to make a contribution to my development

88% favorable

Learning & Development
2

The leaders at [Company] demonstrate that people are important to the company's success

85% favorable

Leadership
3

The leaders at [Company] have communicated a vision that motivates me

78% favorable

Leadership
4

Generally, the right people are rewarded and recognized at [Company]

69% favorable

Feedback & Recognition
5

I have confidence in the leaders at [Company]

84% favorable

Leadership

How long do people stay?

In the short term, 11% of people in this benchmark are thinking of or actually seeking jobs elsewhere (-7% compared to overall) while on a longer time frame, 5% of people see themselves leaving within two years (-5% compared to overall).

The following questions had the biggest impact on whether individuals felt that they were planning to stay at their organization and not actively looking for alternative jobs.

1

[Company] is a great company for me to make a contribution to my development

88% favorable

Learning & Development
2

Generally, the right people are rewarded and recognized at [Company]

69% favorable

Feedback & Recognition
3

The leaders at [Company] demonstrate that people are important to the company's success

85% favorable

Leadership
Average Glassdoor ratings

We’ve connected the employee feedback data for each company included in the benchmark with ratings from Glassdoor.com, which is one of the world’s largest job and recruiting sites combined with a growing database of company reviews, CEO approval ratings and more.

Overall Rating

4.0 stars (+0.2)

Culture and Values

4.0 stars (+0.1)

Work Life Balance

4.0 stars (+0.2)

Compensation and Benefits

3.9 stars (+0.3)

Career Opportunities

3.7 stars (+0.2)

Recommend to Friend

78.0% (+7)

CEO Approval

88.0% (+4)

How does New Tech (Latin America) compare?

Organizations in New Tech Latin America tend to be very similar to the global all industries insights, with no significant departures from the average.

Insights data provided by Culture Amp. For a complete overview of 2021 Insights (Culture Amp Platform benchmarks) visit the Culture Amp Support Guide.

What makes Insights special? Gain a deeper understanding of how they work.

Learn more about Insights with Culture Amp’s benchmarks

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