Remove Efficiency Remove Global Hiring Remove Insurance Remove Sourcing
article thumbnail

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. Learn more: What Are Statutory Benefits?

Payroll 97
article thumbnail

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. As you go back to the drawing board, you can’t help but wonder why your target hire chose another employer. Dental insurance. Life and AD&D insurance.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

article thumbnail

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. Velocity Global helps companies of all sizes expand into over 185 countries worldwide.