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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. Turnover Rate Companies with high turnover rates spend resources hiring and onboarding multiple employees over time. Learn more: What Are Statutory Benefits?

Payroll 97
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Global Employee Benefits: How to Attract and Retain Top Talent With the Right Benefits Packages

Velocity Global

After months of sourcing, interviewing, and evaluating an endless parade of job applicants, you’ve finally found the ideal candidate for a hard-to-fill role. You extend a job offer and wait for their response. The obvious job considerations jump out—pay, title, time off. Dental insurance. Life and AD&D insurance.

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

Velocity Global

million jobs were lost during the Great Recession, 20 million jobs were lost in the first nine weeks of the current recession. The number of unemployment-insurance claims eclipsed the total number of claims submitted during the 18 months of the Great Recession. Rise Above the COVID-19 Recession By Going Global.

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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 downsides to working with umbrella companies include the following: Limits workers to temporary jobs: Compared to being self-employed as an independent contractor, working under an umbrella company may feel like a step up for workers.

Payroll 96
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How Four of the World’s Largest Employers Manage Their International Workforces

Velocity Global

We want to be able to identify potential in our people, give them the tools to do their job really well, and let that potential shine,” says Jacqui Canney, Walmart’s Chief People Officer. In doing so, Amazon improves efficiency and limits bureaucracy while empowering workers on an individual level.

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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. This will see the government bring AI’s contribution to GDP to 5 percent and create 50,000 AI jobs by 2025.