With this publicly available, free to use employee cost calculator, you can get an understanding of the cost to hire a new employee based on the social contributions required in their country of residence. This encompasses taxes for government programs like healthcare, retirement, unemployment, and more. When you hire with Remote as your employer of record (EOR), these costs are automatically applied during payroll.
Our publicly available calculator does not show the specific breakdown of social contributions (i.e. 8% for healthcare, 5% for social security) – you simply see the total cost to hire as a single line item, inclusive of all programs.
You can find a specific breakdown and more information about these programs by signing up with Remote and using the expanded version of our employee cost calculator, located within our product dashboard.
Our expanded employee cost calculator also offers estimates for the cost of supplemental benefits that employees might expect to receive in their local market. Remote offers competitive local benefits plans at low costs in most countries we hire in, which provides your global team members with the support they need to thrive. Offering the best local benefits also helps you attract and retain the best talent around the world.
To access Remote’s expanded employee cost calculator, sign up today! It is free to get started and use the calculator, whether or not you decide to onboard an employee with us.