Answered: Need a self explanatory solution on the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Need a self explanatory solution on the various benefits and challenges that an expat would face while working in Germany.

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Step 1

Germany has the largest economy in Europe and the fifth largest in the world, so there are plenty of jobs in Germany for foreigners with specialist skills, although casual work is also fairly easy to come by.Germany has one of the lowest unemployment rates in the world and is one of the most desirable destinations for highly-skilled migrants. German people value their time and appreciate business planning and perfectionism at work.

Step 2

Benefits that an expat would face while working in Germany-

The public transportation system in Germany is really well-developed, so it would not be as inconvenient
Because of the high level of employment competition it may take quite a long time to find a job in Germany, so the best option is to think about it in advance.
Clean and Green Environment, with Excellent Healthcare facility
There is a Stable Economy with Job Security
Education is affordable and of high quality
It’s not just the German economy that is stable; Germany also ranks highly for security despite increasing tensions across Europe.
Everyone follows the rules that has been made
There is lots of public holiday in the country

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