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

Velocity Global

Employers calculate employee cost of living by adding up the costs of goods and services on which consumers spend their money in the employee’s city or region of residence. 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.

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. However, the continent doesn’t have a corresponding market for services, hindering the software industry.

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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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Advantages and Disadvantages of Using an Umbrella Company

Globalization Partners

Contractors offer their services temporarily to various clients. In a survey by the Freelancer and Contractor Services Association (FSCA) in the UK, 76 percent of the hundreds of freelancers and contractors who responded reported having no access to paid leave of any kind. Benefits for companies. Disadvantages of umbrella companies.

Payroll 96
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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. As a result, companies that engage in global expansion are primed to not only endure today but flourish tomorrow. International PEO helps you maximize ROI when expanding globally. While the U.S.

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

Velocity Global

Amazon offers a wide range of services, from online retail and digital streaming to artificial intelligence and cloud solutions. As a result of its varied offerings, the company must hire workers with highly specialized skill sets. Today, Amazon operates offices in over 30 countries across the world.