PROVIDENCE– Rhode Island was ranked as the ninth most costly state in the U.S. for working with brand-new staff members, according to a research study by monetary innovation business Tipalti.com.
The San Mateo, Calif.-based company took the typical yearly wage in each state and increased it by state and federal payroll tax rates and employee advantages to reach the overall expense per staff member annually.
Information revealed Rhode Island companies pay approximately $17,124 in taxes and advantages each year for employees making the typical mean wage of $62,120.
Alaska was the most costly state in which to work with brand-new employees, according to the report. Information revealed Alaska companies paid approximately $18,991 in taxes and advantages each year for employees making a typical mean wage of $63,480.
New york city ranked 2nd with $18,946 paid in taxes and advantages. New Jersey was 3rd at $18,647. California was 5th at $18,330.
” Thanks to its reasonably little population and minimal company competitors, healthcare in Alaska is the most costly in the nation. This indicates company medical insurance contributions should be greater, and Alaska has a really broad margin.” with companies paying more than $800 more than New york city in 2nd location,” the report stated.
Mississippi was the least costly state in the country for companies to work with staff members, according to the report. The typical staff member because state costs the company $12,273 in taxes and advantages each year. Alabama and Arkansas were the 2nd and 3rd least costly states to work with employees, respectively. In Alabama, the typical expense to work with an employee is $12,943 each year, and in Arkansas, it costs approximately $12,996 each year. Louisiana and Tennessee completed the 5 least costly states for companies to work with employees.
Massachusetts was the most costly state in New England and 6th in the U.S. for companies to work with staff members, according to the research study. Companies in the Bay State pay approximately $18,207 in taxes and advantages each year for employees making a typical mean wage of $72,940. Connecticut was the 2nd most costly state in New England and 8th in the U.S. Companies because state pay approximately $18,330 in taxes and advantages each year for employees making an average wage of $66, 510. New Hampshire was 13 th in the U.S., Vermont was 20 th and Maine was 22 nd.
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