article thumbnail

Debunking the Top 5 Myths About International Hiring

Globalization Partners

During their interactive talk on expanding businesses through global hiring, Suzanne McVey and David O’Reilly asked their audience what was the first thing that came to mind when considering international hiring. In order to ensure compliance, you’ll have to find a local payroll provider, accountants, lawyers, and HR advisors.

article thumbnail

How Technology Can Help South Korea-Based Companies Find the Best Tech Talent

Globalization Partners

However, statistics show that the local talent pool is not enough to account for the demand for qualified tech professionals. Recognizing the potential impact on the economy, the South Korean government has launched several initiatives to solve the talent gap.

professionals

Sign Up for our Newsletter

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

article thumbnail

Stay Flexible: How to Hire Globally in a Post-Pandemic World

Velocity Global

Then, economic growth can resume and HR departments can return to their strategic plans, including global hiring. Growth strategies must now include safety protocols, real-time local knowledge, and contingency plans that account for immediate global shutdowns. Written by José Montero, COO of Velocity Global.

article thumbnail

What Is a Foreign Subsidiary? Pros & Cons for Global Companies

Velocity Global

Global hiring and expansion present exciting business opportunities. Both entity types have different implications for the parent company regarding taxation, governance, and liability. Workload Diversification Foreign subsidiaries help carry the growing number of responsibilities that come with global expansion.

article thumbnail

Benefits and Challenges of Expanding to Hong Kong

Globalization Partners

Hong Kong’s trade freedoms, monetary freedoms, low taxes, minimal tariffs, and limited government interference in business matters all contributed to its position at the top of the list. When you are ready to scale your business in Hong Kong, you’ll need to spend time learning the rules for hiring and paying workers.

Banking 52
article thumbnail

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

Globalization Partners

Government initiatives and investments are triggering digitization efforts in e-commerce, education, and fintech across the region. Government spending in the Middle East signals that they wish to be at the helm of AI technology. This will see the government bring AI’s contribution to GDP to 5 percent and create 50,000 AI jobs by 2025.

article thumbnail

Benefits and Challenges of Expanding to Canada

Globalization Partners

million barrels of oil every day and accounting for a relatively large 6 percent of the world’s total production. Additionally, Canada is a global leader in fisheries, agriculture, and forestry. The government in power can also have a direct effect on economic growth and bureaucratic impediments to business.