Filed under BlogWednesday, 31 October 2018
When you’re expanding your business to the US, you need to think about the best location to set up in. With an abundance of data now available to us, it is important to take a data-driven approach to this process. With this in mind, Precision Global Consulting have put together a heat map showing which states in the US they see the most, and the least, on-boards.
Whilst this data isn’t an overall reflection of the United States contingent workforce, it does give a high-level view of which states are engaged in the highest level of contingent work. Each US state varies in many aspects, from laws and taxes to talent pool and time zone, so you’ll need to do thorough research before making any business-decisions. By doing so, you will be best placed to focus on establishing in a market that will support your business as it grows.
When we look at the heatmap, we can see that:
Location, location, location
Besides the potential for placements, you’ll need to consider your target market and growth potential in different states and cities, as well as varying tax rates, filing fees, infrastructure and geographic coverage.Considering how a time zone overlaps with your existing business hours and the availability of talent in your specific industry are also important factors in identifying the right area. It’s good to ask yourself some questions and to consider where you see the future of your business: