Find your missing team member

Being laid off can be a deeply destabilizing, emotional experience. Give yourself time to process it.  Inevitably, you will also need to take care of various housekeeping tasks such as reviewing any severance conditions, filing for unemployment, wrapping up in your current role, etc.  After the initial shock and feelings settle, reframe your perspective.  Every change is an opportunity for growth and expansion. Ask yourself:  How can I emerge from this situation as a winner – professionally, mentally, financially? What would a truly successful outcome look like?…

When considering hiring a new employee, it is not only about the associated direct and indirect costs. The legal part is also a big deal.  US companies typically have more flexibility when it comes to labor regulations. Vacation required by law is 14 days a year; it is relatively easy to fire personnel; compensation has limited regulations. Businesses can more freely decide to try new products and services and have more flexibility in hiring and firing staff if things do not turn out as expected.  In Europe,…

The financial implications of hiring a full-time employee (FTE) can give entrepreneurs the first nudge to consider alternatives.  In this blog post, we look purely at the cost implications and do not consider the so-called soft aspects. FTEs require significant direct and indirect costs compared to other types of engagement. The nice amount of money an FTE sees in their bank account at the end of the month is just the tip of the iceberg. The accountants see way more of that iceberg: Income tax Social tax/pension…

Since 2022, most of the world has gotten into new uncertainty due to the global geopolitical situation that started with the Russia – Ukraine conflict, followed by a steep jump in prices of energy sources – electricity, gas, and oil. That led to a long time no seen inflation. And that’s just a few months after COVID lockdowns, in many countries lasting for a couple of years. Many companies prepared themselves for the survival mode. Another turbulence was created by overly optimistic growth, consumption, and resource forecasts…