Workday® Market Insights
Read our latest articles and market insight in the Workday® Ecosystem
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.