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

Velocity Global

Calculating actual employee cost is a critical factor for making sound financial decisions, no matter your company size or industry. For example, understanding the true cost of an employee allows your finance and HR teams to accurately budget for expansion into a new market. Learn more: What Is an Employer of Record?

Payroll 97
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Benefits and Challenges of Expanding to Hong Kong

Globalization Partners

Labor costs. Labor expenses in Hong Kong can add up in your company’s budget. Consider that the cost of living in Hong Kong is relatively high. Recent international efforts to combat money laundering and terrorist financing have led banks to implement more stringent processes for both new and existing customers.

Banking 52