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The Complete Guide to Employee Cost: How to Calculate the Cost of an Employee

Velocity Global

For example, the unemployment insurance tax rate for new employers in Pennsylvania is 10.59% in the construction sector and only 3.82% in the non-construction sector. Other statutory benefits may include medical insurance, worker’s compensation, and a pension fund. Efficiency. Learn more: What Are Statutory Benefits?

Payroll 97
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Current Trends Shaping EMEA’s Tech Sector in 2022 and Beyond

Globalization Partners

The uniform and high-speed digitization has had an instantaneous effect on various sectors, such as healthcare, insurance, education, retail, and food delivery, making us rely on core and fringe technologies more than ever. Generally speaking, this steep change in our day-to-day lives happened practically overnight.

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Global Employee Benefits: How to Attract and Retain Top Talent With the Right Benefits Packages

Velocity Global

As you go back to the drawing board, you can’t help but wonder why your target hire chose another employer. But one factor that HR teams often overlook is global employee benefits. Some global employee benefits, such as medical plans and life insurance, offer peace of mind to talent and their dependents should the worst occur.

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Learning from the Great Recession: Two Strategies That Can Help Businesses Rise Above COVID-19

Velocity Global

The number of unemployment-insurance claims eclipsed the total number of claims submitted during the 18 months of the Great Recession. This agile approach helps firms minimize risk and maximize efficiency while exploring new markets – a critical factor in the face of COVID-19’s market volatility. Consider the following: While 8.6

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Advantages and Disadvantages of Using an Umbrella Company

Globalization Partners

In some countries, benefits packages may also include health insurance policies and pension schemes. Some umbrella companies claim they can help workers maximize their take-home pay with “tax-efficient” strategies, but these companies may be guilty of tax avoidance schemes. Benefits for companies.

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How Four of the World’s Largest Employers Manage Their International Workforces

Velocity Global

In doing so, Amazon improves efficiency and limits bureaucracy while empowering workers on an individual level. At the same time, Amazon unifies its global teams by significantly investing in its organizational culture. Volkswagen is well-versed in the challenges that come with managing a large international workforce.