Remove Global Hiring Remove Labor Costs Remove Meeting
article thumbnail

How Remote Global Hiring Can Solve Germany’s Tech Talent Shortage

Globalization Partners

Consequently, this rise in labor costs is often passed onto the consumer via price hikes. More tech workers are needed to meet positive market projections Strangely, despite the skills shortages — which have caused companies to reduce targets — Germany’s tech industry is still experiencing growth.

article thumbnail

Benefits and Challenges of Expanding to Canada

Globalization Partners

Of course, the cost of your business operations includes more than the taxes you pay annually. Labor costs, facility and utility costs, transportation fees, and the expenses associated with regulatory compliance all factor into your budget. Fortunately, in Canada, your overall costs in these areas can usually remain low.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Complete Guide to Employee Cost: How to Calculate the Cost of an Employee

Velocity Global

The following cost-of-living indices from Numbeo illustrate how much living costs vary by country (relative to New York City’s cost-of-living index of 100): Cost of Living + Rent Index by Country in 2023 2. If you want to build a distributed workforce, consider partnering with a global employer of record (EoR).

Payroll 97
article thumbnail

Global Talent Acquisition: Four Emerging Markets Your Company Should Target

Velocity Global

Over 80% of Ukraine’s prospective employees speak English, and US companies can hire these developers at competitive rates. These employer-friendly labor costs, combined with Ukraine’s surplus of talent, make the country an ideal market for companies looking to source overseas talent. Fintech: Lithuania.

article thumbnail

Benefits and Challenges of Expanding to Hong Kong

Globalization Partners

Labor costs. Labor expenses in Hong Kong can add up in your company’s budget. Consider that the cost of living in Hong Kong is relatively high. When you’re ready to extend your company growth into Hong Kong, work with Globalization Partners.

Banking 52