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Globalization Benefits and Challenges

Velocity Global

Developing nations experience an improved standard of living—thanks to globalization. According to the World Bank , extreme poverty decreased by 35% since 1990. For example, globalization gives companies the opportunity to explore tech talent in booming markets such as Berlin or Stockholm, rather than Silicon Valley.

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Why Wages are Rising in the U.S.—and Four Ways Your Company Can Keep Up

Velocity Global

COVID-19 brought on historic unemployment in early 2020, with more than 20 million Americans losing their jobs in the first nine weeks of the pandemic. When the pandemic began in Q1 2020, many low-wage workers —such as those in restaurants, retail stores, hotels, and movie theaters—were the first to lose their jobs.

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Why the UK is Dominating Europe’s Fintech Market

Globalization Partners

challenger banks) and B2B (e.g. open banking) products finding room to grow. Many are now well-known brands, like OakNorth Bank, Revolut, Starling Bank, Checkout.com, and Monzo. A clear example of this is in Open Banking. This is because it brought to the forefront how people and banks manage their money.

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Global Talent Acquisition: Four Emerging Markets Your Company Should Target

Velocity Global

These awards spur job creation, research, and product development by connecting the private sector with academia. More importantly, the awards speak to Ireland’s commitment to becoming a global AI leader. Over that time, Lithuania’s central bank, The Bank of Lithuania, prioritized accessibility to fintech innovators.

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Boost Global Workforce Retention By Overcoming These Five Challenges

Velocity Global

In today’s hyper-competitive hiring landscape, HR teams spend months identifying, recruiting, and onboarding top talent. When employees leave for jobs at other organizations, all of HR’s hard work goes to waste—and their company is left with the tab. . Gallup estimates that U.S. Challenge #2: Becoming a Local Employment Expert.

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Learning from the Great Recession: Two Strategies That Can Help Businesses Rise Above COVID-19

Velocity Global

Corporate governance that allowed banking firms to take on too much financial risk. million jobs were lost during the Great Recession, 20 million jobs were lost in the first nine weeks of the current recession. An unchecked rise in unstable subprime mortgages. Consider the following: While 8.6

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Current Trends Shaping EMEA’s Tech Sector in 2022 and Beyond

Globalization Partners

This will see the government bring AI’s contribution to GDP to 5 percent and create 50,000 AI jobs by 2025. Another country expanding its tech footprint is Israel — the nation cracked the top 10 of the Global Finance rankings for national technical strength. Thirty-seven percent of women in the Sub-Sahara have a bank account.