From essential investment to fair compensations and alignment
with local values, this report will equip you with the insights needed to make well-informed decisions.
Tailored Report:
Hiring a Finance
& Administration
Chief in 2024
©2023 Proprietary and Confidential. All Rights Reserved. Index
● Letter from Our CEO
● What You Can Expect to Discover
● Compensation Comparison
● Fair Compensation
● High-Demand Countries
● Types of Contracts
● Why Ontop?
©2023 Proprietary and Confidential. All Rights Reserved. 2
Dear,
If you are reading this is because you're considering hiring international talent and you want to make an informed decision regarding budget. Kudos on taking this bold step!
We've collaborated with industry experts, conducted extensive market research, and leveraged our vast database to ensure that the data presented within this report is not only up-to-date but also reflective of real-world scenarios. You can trust that the numbers and insights you find here are grounded in the most robust analysis.
Beyond the numbers, this report offers profound insights into the world of international talent acquisition. From fair compensation benchmarks to cost structures in high-demand territories, we leave no stone unturned.
Whether you are a seasoned HR professional or venturing into global hiring for the first time, this report is designed to be your trusted guide. It empowers you to make data-backed decisions with confidence, ultimately helping you build a global workforce that propels your organization toward success.
Thank you for choosing Ontop as your partner on this journey. Santiago Aparicio
Co-founder and CEO at Ontop
©2023 Proprietary and Confidential. All Rights Reserved. 2
©2023 Proprietary and Confidential. All Rights Reserved. 3
Role Finance & Administration
Level Chief
Local compensation $8,333 /Month
Before we start
Here is a summary of the information you supplied via the form and which we will consider during the analysis. Since this is a tailor-made report, our aim is to provide you with the precise information you need to make an informed decision. Here's what you can expect to discover:
1. A comparison of the talent you are looking to hire in the specified country versus the country where you are located. 2. A guide for fair compensation, outlining the minimums, maximums, and the average value.
3. Insights into the investment required to hire a professional at various levels of seniority / experience.
4. You will also receive a comparison of the compensation for the same role across different countries.
5. Lastly, we will present a chart indicating the cost of hiring this role in two modalities: as a contractor or a full-time employee. Let’s start.
©2023 Proprietary and Confidential. All Rights Reserved. 3
Compensation comparative
USD $2,676
Average
compensation
USD $5,658
Possible
Saving
Have you wondered if you can hire the person you need within your budget? Most of the time, the answer is yes! But that person might be in another country.
This comparison shows you how much you could be saving by hiring someone for this role:
Backed by industry experts, exhaustive market research, and our extensive database, this chart offers you the latest update on compensation for this role in the country you choose. If the value is blank, is because for some specific roles, we lack sufficient information. We're committed to improving this report to provide you with the best data. For more details, please contact us
©2023 Proprietary and Confidential. All Rights Reserved. 4
Min
In order for you to understand what fair compensation might entail, we present the following values:
Fair Compensation:
USD $600 USD $2,591
This is the minimum
compensation we have
identified for a professional
matching your criteria.
Avg 2023
This is the average compensation
we've discovered for a
professional like the one you're
looking for.
Director/Head
Average: USD $3,348
Even though it's the same role, the level of
expertise and seniority you are looking for may
vary the expected compensation.
Seniority levels are typically determined by:
● Years of experience
● Skills
● Responsibilities and leadership
Chief
Average: USD $2,676
How much will you pay
for the different
seniority levels?
Executive/VP
Average: USD $2,694
Max
USD $12,000
This is the maximum
compensation of a
professional fitting the
profile you're seeking.
©2023 Proprietary and Confidential. All Rights Reserved. Colombia
USD $2,112
Argentina
USD $2,794
Brazil
USD $2,350
India
USD $2,750
Mexico
USD $1,295
These countries are the ones with the highest concentration of remote workers in our database. We conducted a comprehensive analysis, taking into account the compensation for each of these countries. How much will be this role compensation
in high-demand countries?
Compensation for different types of contract
COMPENSATION
LOCALIZED
RESPONSIBILITIES*
Colombia
$4,000
$1,648
$5,648
Argentina
$4,000
$2,579
$6,579
Brazil
$4,000
$2,979
$6,979
Peru
$4,000
$2,547
TOTAL $6,547
EMPLOYEE
This chart provides a breakdown of the compensation to hire this individual in two different ways: as an independent contractor or through an Employer of Record (EOR), segmented by the countries mentioned above. Venezuela
USD $1,150
5
On an Chief average compensation, here's the budget difference you would have as a contractor, EOR, and in each country (values in USD): India
$4,000
$3,352
$7,352
*This information is approximate and based on average local overhead expenses for employers in each country. Should in no way be characterized considered as a legal advice for the purpose of hiring independent contractors, service providers and/or employees.
©2023 Proprietary and Confidential. All Rights Reserved. Why Ontop
#1 Multi-country Payroll solution to pay international workers in Latam and emerging economies.
6
If you want to know how we can help you scale your business globally, we invite you to:
Talk to our experts
This commercial playbook (“playbook”) should in no way be characterized considered as a legal advice for the purpose of hiring independent contractors, service providers and/or employees. this playbook should be considered as an informative summary of ontop's previous experiences and shall not be interpreted as suggestions and/or advice to its clients and/or third parties. Ontop shall not be responsible or liable for any interpretation of this text by third parties and/or clients. ontop suggests that a professional opinion must come from each party's own group of lawyers and/or accountants. client expressly accepts and agrees that this playbook shall not be construed as an opinion or order. client shall also hold Ontop harmless from any such claim or dispute in that sense.