The Complete Guide to Employee Cost: How to Calculate the Cost of an Employee
Velocity Global
FEBRUARY 20, 2023
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.
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