In this episode, James Bricknell, Head of Consulting - Expansion and Client Development of Bradford Jacobs, examines the primary considerations for successful international expansion. Companies need precise data on skills availability, talent costs, language and cultural differences and local laws to ensure affordable and effective hiring. He explores how varying local costs, taxes and contributions can blow up budgets. James also expands on the challenges of retaining international talent and emphasises the need to consider cultural and linguistic nuances.
Key Takeaways:
(01:50) Core drivers for international growth are cost, skills and market entry.
(03:13) Seventy per cent of employees prefer remote or hybrid work.
(05:06) Understanding local costs for a successful international expansion.
(08:38) Cultural diversity influences international decisions.
(14:04) Remote adaptability expands talent options.
(17:20) US firms face high costs for tech talent domestically.
(26:06) Local legislation varies greatly and must be understood.
(30:57) Local partners provide essential cultural insight.
(34:39) Market expansion should be data-driven and strategic.
(39:10) Understanding employer contributions in local markets to budget correctly.
Resources Mentioned:
https://www.linkedin.com/in/jamesbricknell/
Bradford Jacobs | LinkedIn -
https://www.linkedin.com/company/bradford-jacobs/
Bradford Jacobs | Website -
https://bradfordjacobs.com/
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