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I would think that the (mandatory) benefits required for companies in Europe (or even outside the US) raise the bar for startups. More $$ is required, more pap
by jleyank 11y ago
I would think that the (mandatory) benefits required for companies in Europe (or even outside the US) raise the bar for startups. More $$ is required, more paperwork to ensure compliance, ... On the good side, this might/should act as a filter. On the bad side, money flows along the path of least resistance.
I guess this is an argument for accepting remote work. There are lots of talented people in places where they like living. How (new) companies deal with this will determine how the talent pool is used. As everybody argues there's insufficient talent, by definition there's insufficient talent wherever you are.
- wpietri 11y agoIn Paris a few years back I met an entrepreneur whose business was in California. He liked living in Paris, and really wanted more of his team there, but the regulations around hiring employees were a big issue for him. If I recall rightly, it wasn't so much the paperwork or the benefits, but the extra burdens around firing. So he was hiring all his new people in CA. Here in California, most employment is at will, meaning that either party can end the relationship immediately. I can quit without notice; I can be fired without notice. (In practice, notice is generally given, but that's custom, not a legal right. One can also write an employment contract with other terms.) But from what he said, it was very difficult to get rid of underperforming employees, and also hard to reduce staffing levels if the business needed fewer people.
- vorador 11y agoTo contrast with what you said, it’s very common in french contracts to be able to fire an employee in the first 8 month of her employment. This isn’t really « at-will » employment but it’s pretty close, especially for Europe.