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