If you’re considering opening operations in a new country, getting a handle on staffing costs is likely at the top of your to-do list. It’s an important step in the planning and budgeting process. Reliable estimates will help you justify international expansion to your Board from a HR perspective. Often, HR starts with domestic expenses using our standard list of costs — salaries, benefits, car allowance — then make adjustments from there. This is a reasonable task to take if you haven’t budgeted for international expansion before. Unfortunately, the task is rarely that simple. The costs vary significantly from country to country. Then there are regulatory compliance requirements that will impact your bottom line. Toss in a host of hidden costs that you hadn’t expected, with painful penalties for doing things wrong, and it becomes clear that the process will be more involved than it seemed at first blush. With a focus on HR costs in Europe, Asia and Latin America, his session will help you understand the importance of preparing an accurate budget for international expansion; how your staffing costs will vary country-to-country; mandatory, customary, termination, ongoing and indirect costs plus costs related to headcount. It will also cover wider reasons why countries end up with specific employment frameworks.