Our Employment Cost Calculator helps businesses like yours optimize their budget and make informed hiring decisions. It instantly reveals how much you can save on employment costs without compromising talent.
Pay employees compliantly
As your employment partner, our local experts ensure compliance with international payroll, from salary disbursements to tax obligations and benefits. We help you navigate the complexities of global hiring so you can focus on growing your team while we handle the rest.
Employment costs refer to the company's total expenses when hiring an employee in a specific location. These include the base salary and mandatory fees such as insurance, contributions, pensions, and other employer obligations.
2. How do I calculate an employee's total cost?
To determine the total cost of an employee, add the following:
The employee's gross salary
Applicable payroll taxes based on their location
Any additional expenses like onboarding and work equipment
3. How does TechRemote assist in calculating employee costs?
We collaborate with you to understand your hiring and payroll requirements. Then, our in-house and local experts provide precise cost breakdowns, ensuring transparency and accuracy through regular audits and updates.
4. How does the calculator assist in retention strategies?
The calculator offers a detailed view of employment costs, including benefits and health insurance, helping businesses develop effective strategies for employee retention.
5. How can I ensure compliance when paying global employees?
The most efficient way to remain compliant when paying global employees is to work with an employer of record (EOR). The EOR acts as the legal employer, managing onboarding, payroll, benefits, and compliance while reducing risks like payroll errors, tax miscalculations, and permanent establishment issues.
6. Why should companies pursue international hiring?
International hiring allows businesses to enter new markets and access specialized talent that may be scarce in their home country.
