Reply to European Expansion: Eye-Opening, Frustrating, and Possibly Not Worth It

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Reply to "European Expansion: Eye-Opening, Frustrating, and Possibly Not Worth It - Underperforming employee culture"

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[quote=Anonymous][quote=Anonymous]I joined a British company (tho based in US) as part of a turnaround and was shocked at the low salaries. We had US based exec assistants making more than senior professionals in the UK. Seniorish leaders making what I made a couple of years out of grad school. It had nothing to do with health care. US healthcare was a stipend on top of an already huge salary differential. There’s a somewhat bigger govt safety net there, but here there’s more disposable income to save and invest for your future. Before I left, we had moved most of the operations to Britain to save on costs although that creates less flexibility for layoffs (don’t get me started on the consultation process). It’s a poorer quality labor market too.  I found you can’t really turnaround a company when no one really is motivated to work hard, and will think much harder about any kind of Europe based opps in the future — particularly the UK which is struggling mightily from a global perspective. [/quote]

What industry is this? I was in financial services working for a huge firm and our salaries were similar, all over the world.  We had offices in NYC, Houston, Singapore, London and Montreal. [/quote]

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