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. The German Chambers of Industry and Commerce has also documented the severity in which certain engineering and data processing sectors are unable to fill over 60 percent of job vacancies.

article thumbnail

Benefits and Challenges of Expanding to Hong Kong

Globalization Partners

For instance, international employees must present extensive documentation of their experience and education before they can obtain employment visas. 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.

Banking 52