Workday® Market Insights

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Lower Costs Driving Florida Talent

Monday, 20 March 2023 13:32

Florida Workday® Talent is attracting big business.


As Workday® staffing experts, we have seen first hand the impact to businesses of the higher living costs in cities like New York and San Francisco. From high taxes to steep rental prices, these cities can be a financial burden on companies looking to hire top talent.

However, many companies are looking to states with lower taxes and a lower costs of living, such as Florida, to solve this problem.

In cities like New York and San Francisco, the cost of living is notoriously high. Taxes are steep, and the cost of rent and other expenses  can  be overwhelming.  This  can  make it  difficult  for businesses to hire top talent, as candidates may require higher salaries to live comfortably in these cities. 

This  financial  burden  is  impacting  businesses  in several ways. Firstly, it limits the pool of candidates that companies  can  choose  from  increasing competition  and  salary expectations.  Candidates may also be hesitant to move to these cities due to the high cost of living, leaving a shortage of skilled talentSecondly,  businesses  may  struggle  to  retain employees  due  to  the  high  cost  of  living. If  employees  are struggling to make ends meet, they may be more likely to leave for a job with a higher salary or better benefits.

One solution to this problem is to  look  to  states  with  lower taxes and a lower cost of living.

Florida,  for  example,  has  no state income tax and a lower cost  of  living  making  it  an attractive option for businesses looking  to  hire  Workday® talent, reduce their financial burden and increase the bottom line. 

In addition to the financial advantages, by hiring from different regions,  businesses  can benefit  from  a  range  of  different perspectives  and  experiences,  creating  a  more diverse  and creative  workforce  that  can  helping  to  drive  innovation  and growth.

With access to exclusive Workday® talent, Adalta Global can save you time and money when sourcing for both Workday® partners and End-Users.