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Hiring an employee isn’t just about their hourly wage or annual salary. There’s a whole spectrum of costs that employers need to consider, from direct wages to taxes, benefits, and even overhead expenses, to understand the actual cost of an employee.
Understanding the true cost per hour of an employee can help businesses budget accurately and make informed hiring decisions. So, how much does an employee really cost per hour?
Let’s break it down.
Keep reading this article on People Managing People.