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

Velocity Global

Calculating actual employee cost is a critical factor for making sound financial decisions, no matter your company size or industry. For example, understanding the true cost of an employee allows your finance and HR teams to accurately budget for expansion into a new market. Table of Contents How Do You Calculate Employee Costs?

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Expansion Benefits and Challenges of Four Leading Markets

Velocity Global

This blog post explores the benefits and obstacles of expanding into four internationally renowned markets: Singapore, Germany, Hong Kong, and Canada. Companies face substantial competition for resources, talent, and market share. Costs of living and doing business in the country are notoriously high. Germany has a $3.86

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Is Nearshoring to Mexico Sustainable?

Ivemsa

Whereas, nearshoring to Mexico offers benefits such as same-day shipping, similar working time zones, and easier travel for supervisors to conduct site visits. Collectively, it creates a sustainable setup that’s still flexible to a changing market while providing the same benefits. The Slowdown of China Manufacturing.

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How Mexico Manufacturing Manages the Industrial Labor Shortage

Ivemsa

have affected a number of industries, but it’s the decline of industrial employees that has caused concern for many manufacturers. Mexico, and Canada (USMCA) incentivize and in some cases, require employment and production within North American countries only. Labor shortages across the U.S. million unfulfilled manufacturing jobs.

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Is it a Good Idea to Hire Right Now? 2023 Labor Market Trends

Velocity Global

employees were considering quitting their jobs in 2023 95% of U.S. employees remained confident about their career prospects even in the face of layoffs U.S. employees have good reason to feel like they can easily get a new job if they leave their current role. employees were considering quitting their jobs in 2023 95% of U.S.

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Offshoring vs. Outsourcing — Is There An Explicit Winner?

Zinnov

What are the benefits of Outsourcing? What are the benefits of Offshoring? A dedicated remote team is hired for the organization, where the offshore employees can report from anywhere across the world. What are the benefits of Outsourcing? What is Outsourcing? What is Offshoring? Outsourcing – Which one to choose?

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Global Employee Benefits: How to Attract and Retain Top Talent With the Right Benefits Packages

Velocity Global

But one factor that HR teams often overlook is global employee benefits. In a fiercely competitive global hiring landscape, benefits often make the difference between whether employees choose to work for your company or another employer. What Are Global Employee Benefits? Why Offer Global Employee Benefits.