EU – Labor law regulation factors to consider when opening a hub, hire the tech talent and supports
Growth comes with international expansion. When companies think about going overseas, it is important to get a great understanding of the external environment and understand the foreign context in order to be successful, as there are factors that create both opportunities and threat. Some of those factors include labor laws, talent acquisition, language proficiency, business climate, intellectual property, access, and costs.
It is crucial to consider the business climate and, most particularly, obtain accurate information for labor law and regulation since those can greatly differ from the US and have a significant impact in business success.
We analyzed nine of the major countries in EU for talent acquisition: Austria, France, Germany, Italy, Ireland, Netherlands, Spain, Switzerland, and the UK; we then ranked them based on five categories:
These are the areas that we recommend focusing on when looking to hire overseas.
It is very important to review few of the differences with the US particularly for trial period, severance pay, maximum cumulated fixed term and other factors.
Based on this study, we have come to the following conclusions for companies looking to expand in these overseas markets:
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