I'd imagine they aren't paying any cut to recruiters. I guess that leaves real estate, equipment, contractor, and legal/accounting (assuming outsourced) overhead.
If it's Europe my understanding is there's substantial expenses paid to employment security overhead, it's how they pay for things like the exceptionally good maternity leave and unemployment benefits type stuff.
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I'd imagine they aren't paying any cut to recruiters. I guess that leaves real estate, equipment, contractor, and legal/accounting (assuming outsourced) overhead.
If it's Europe my understanding is there's substantial expenses paid to employment security overhead, it's how they pay for things like the exceptionally good maternity leave and unemployment benefits type stuff.