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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?

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How to Attract Today’s Top Talent: 5 Perks Employees Expect

Globalization Partners

A perk can be anything from private health insurance to stipends for home office equipment or extra time off. Recent surveys from multiple sources have shed light on the importance of offering attractive perks to retain employees. Pet insurance. Behind every hire is a human being.​ The evolution of employee perks.

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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.

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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. Consider the following: While 8.6 million jobs were lost during the Great Recession, 20 million jobs were lost in the first nine weeks of the current recession.

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How Four of the World’s Largest Employers Manage Their International Workforces

Velocity Global

Today, the company sells vehicles in 153 countries worldwide while providing financial services related to auto insurance, banking, fleet management, and more. Velocity Global helps companies of all sizes expand into over 185 countries worldwide. Reach out today to learn how our expertise can streamline your expansion.