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The pandemic has caused some firms to slow global expansion plans, but not abandon them, says Ben Wright, CEO of global expansion solutions provider Velocity Global, pointing to a bounce-back in the Asia-Pacific as an indicator of potential recovery in Europe.
The recovery starts with people. HR departments must first focus on the safety of their employees. The economic and human impacts of this pandemic are significant. As we emerge, employee safety is table stakes. Business can only accelerate once that safety is established. Then, economic growth can resume and HR departments can return to their strategic plans, including global hiring.
Though the pandemic has hit the UAE hard, a liberalised regulatory regime and emphasis on private-sector participation continue to make the Emirates a top destination for tech talent in the Middle East, according to a new Velocity Global report.
Tech is increasingly crucial to the economy of United Arab Emirates (UAE). The sector plays a key role in helping the country diversify beyond oil and gas and after appointing the world’s first Minister of State for Artificial Intelligence (AI) in 2017, its government is determined to place the country at the forefront of tech innovation.
Growth—every business, whether a small startup or a large enterprise, plans and hopes for growth. To meet those goals, many turn to international markets for the promise of new customers, economies of scale, and untapped talent pools. But with those opportunities come the myriad challenges that global expansion presents.
Ben Wright, CEO at global expansion solutions provider Velocity Global, highlights some of the world’s most promising countries for businesses growing internationally, the opportunities that exist for UK firms outside the EU, and how a more flexible approach to hiring overseas is the key to taking advantage.
Much has changed in South Korean workplaces since February, when that nation became a hotspot for COVID-19 cases. Aggressive efforts for self-quarantine, widespread testing and contact tracing helped South Korea quickly stop the spread of infection. The country was able to safely hold an election on April 15 with a relatively high voter turnout.
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