Chapter 1 - HR Matters
IN THIS LESSON
The Costs of Hiring International Employees
According to Deel’s latest State of Global Hiring Report, salaries all over the world are increasing, with the highest increases in Italy, Brazil, India, Nigeria, and the United States. Wherever you decide to hire from, remember that total employer costs and statutory employee benefits vary largely by region. Here are a few employment comparison examples of how much you’d pay to hire an account manager for an average salary in different countries, with an overview of mandatory employee benefits.
US
Gross annual salary: $75,000
Total employer costs: ≈$84,472
Mandatory benefits: medical care, retirement income, unemployment insurance, workers’ compensation, health insurance, family, and medical leave
UK
Gross annual salary: $54,000
Total employer costs: ≈$62,442
Mandatory benefits: paid time off, pension, sick pay, maternity, and paternity leave and pay.
Colombia
Gross annual salary: $24,000
Total employer costs: ≈$27,965
Mandatory benefits: paid time off, pension, survivor benefits, short-term disability, long-term disability, healthcare
Japan
Gross annual salary: $55,200
Total employer costs: ≈$64,147
Mandatory benefits: health insurance, pension, labour insurance, unemployment insurance, long-term care insurance, maternity leave, caregiver leave, childcare leave, longevity healthcare system, paid time off
Nigeria
Gross annual salary: $15,500
Total employer costs: ≈$17,360
Mandatory benefits: paid time off, maternity leave, pension, industrial training fund, national social insurance trust fund, sick leave