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

Velocity Global

The following cost-of-living indices from Numbeo illustrate how much living costs vary by country (relative to New York City’s cost-of-living index of 100): Cost of Living + Rent Index by Country in 2023 2. As a result, actual employee cost varies widely between industries—even within one state.

Payroll 97
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Benefits and Challenges of Expanding to Canada

Globalization Partners

Of course, the cost of your business operations includes more than the taxes you pay annually. Labor costs, facility and utility costs, transportation fees, and the expenses associated with regulatory compliance all factor into your budget. Fortunately, in Canada, your overall costs in these areas can usually remain low.