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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. With this in mind, let’s take a closer look at the top five myths of global hiring.

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

Velocity Global

For example, understanding the true cost of an employee allows your finance and HR teams to accurately budget for expansion into a new market. For example, the unemployment insurance tax rate for new employers in Pennsylvania is 10.59% in the construction sector and only 3.82% in the non-construction sector.

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How Can Your Company Overcome the Challenges of Global Mobility?

Globalization Partners

For example, in some countries, health insurance is a required benefit, while in others, it’s not. Companies that choose to follow the traditional international employee relocation or hiring process will have to: Set up global entities. Hire legal, tax, and finance experts in every country.

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How to Create an Independent Contractor Agreement

Globalization Partners

For instance, if your country has a strong state healthcare program, you may not have a legal obligation to offer your employees health insurance. They often include health insurance and paid holidays, vacation days, sick leave, and maternity or paternity leave. Streamline international hiring with Globalization Partners.

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

Globalization Partners

The uniform and high-speed digitization has had an instantaneous effect on various sectors, such as healthcare, insurance, education, retail, and food delivery, making us rely on core and fringe technologies more than ever. Generally speaking, this steep change in our day-to-day lives happened practically overnight. percent of GDP.

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How to Create a Global Compensation Strategy That Boosts Talent Retention

Velocity Global

Despite the benefits of global hiring and expansion, international companies face several challenges when building a distributed workforce. One key pain point is attracting and retaining top global talent in a competitive hiring environment. Direct compensation refers to things like salaries and bonuses.

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Why the UK is Dominating Europe’s Fintech Market

Globalization Partners

Gore explained the ensuing domino effect: Many people left their banking, investment trading, and insurance jobs to start their own companies to address the inefficiencies they experienced while working in the banking and broader financial services sector. How Covid-19 impacted fintech.