For many #startups , hiring key critical #talent in Engineering, Marketing or Sales is one of their most important challenges following their initial rounds of investment. 

But #hiring can be costly if made locally in the UK while international talent is available across the globe and even closer than they would think.

So what if Founders were able to support their growth while getting more for their money ?

Hiring in Central and Eastern Europe or in Africa, for example, allows founders and General Managers to hire talent that will provide the same quality of work, in a remote setting mostly, but at a fraction of the costs if those resources were hired in the UK.

Let’s take the example of a Social Media Manager based in London. Gross annual salary would amount to 35,000 GBP in average, which would mean a total employment cost of circa 45,000 Euros including labour costs for the company. 

Hire the same profile in Zagreb, Croatia, and your new Social Media Manager would be paid less than 20,000 Euros per year which means a total labor cost (Employer taxes and contributions included) of 23,300 Euros.

So when you need to build a team, if you support the #internationalization of your workforce and take a #global approach to talent, hiring internationally outside of the UK could costs you half, as seen in the mentioned example.

How can my business or startup leverage on the international talent pool available?

If we keep the same example, the Digital Marketing Talent in Croatia is unique and entirely Business English fluent. They are highly trained and extremely efficient and knowledgeable. FMCG Companies such as Coca-Cola, Nestle, or Heineken for example use this extraordinary talent already. Those big names are able to do it either by hiring them through their own local entity or by using an Employer of Record (EOR), sometimes through a combination of EOR and Outsourcing. 

When you run and develop your startup, or when you need to build an international team, you do not have the money, the time, the expertise and the local knowledge to create a local entity to hire in Croatia and manage Payroll, Contracts, Benefits and legal/Hr issues, but you can by-pass those difficulties by using an Employer of Record such as NOMAD GLOBAL HIRE. 

Find the person you want to employ then connect on Nomad’s platform to request the local employment of this talent in 50 countries around Africa and Europe. We will employ them for you, make sure all is compliant and taxes are paid, giving peace of mind to founders and employees alike, against a competitive fixed monthly fee by Nomad.