4 ms·
In the US you're just paying higher salary instead. You really should be taking into account not an employee's salary, but total cost (some call it "gross gross
by tomp 7y ago
In the US you're just paying higher salary instead. You really should be taking into account not an employee's salary, but total cost (some call it "gross gross salary") - gross salary + all other taxes (payroll, health & social insurance, etc.). Then you figure out that "cheap" EU countries aren't that much cheaper...
- sokoloff 7y agoWe compute and call it as "total cost to company" or TCC.
- jaclaz 7y ago>We compute and call it as "total cost to company" or TCC. Quick rule of the thumb here (Italy) is that the TCC is typically: 1) for executives/managers 1.5-1.9 of the actual net wage[1] 2) for employees 1.9-2.5 3) for workers (let's call them "blue collars") 2.5-3.0 The difference in the factor depends on the specific industry/sector, and is mostly related to insurance and continuity of employment. [1) by net wage I mean what the actual employee brings home, already net of income taxes