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 Compliance: How to Stay Compliant When Hiring Internationally

Velocity Global

Because most payroll providers based in a company’s home country do not cover international employees, an enterprise must outsource payroll services within its foreign markets using a third-party provider. Velocity Global’s expertise and cloud-based compliance guides provide valuable insight and accurate information about your target markets.

Payroll 75