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Enterprises are discovering that Employer of Record (EOR) arrangements can ease the burden of international expansion; accordingly, the EOR market swelled 170% in 2020 and 120% in 2022 and is expected to continue to grow at a compound annual growth rate of 40-50% through 2025 according to Everest Group.
In April of 2022, Germany’s labor shortages reached an all-time high with a deficit of 320,600 STEM (science, technology, engineering, and math) workers. Interestingly, while Germany’s tech sector desperately tries to source workers, other international tech hubs have been hit by an avalanche of layoffs.
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