Saturday, October 12, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, August 24, 2022
The cost of employment in each state--Hawaii 7th Highest
By Selected News Articles @ 10:52 PM :: 3149 Views :: Hawaii Statistics, Labor, Small Business

The cost of employment in each state

from Tipalti.com

How much does it cost to hire an employee in each state?

The biggest step for a small business is hiring the first employee as you’re making an investment in the future of your company, laying the groundwork for growth and increased productivity.

But hiring new people can be a daunting expense, with time and money spent on training as well as the many payroll taxes that have to be deducted from your business all adding up.

So, how much does it cost you to hire a new employee? We’ve taken a look at salaries, taxes, and benefits around the country to find the average cost of employing new workers in every state.

Hawaii is the 7th most expensive state in which to hire.

How much could employees be costing you in Hawaii?

HAWAII

$59,760  Salary

  • $3,705  Social Security 
  • $867  Medicare 
  • $3,586  Federal Unemployment 
  • $299  Disability Insurance 
  • $1,422  State Unemployment 
  • $6,188  Health Insurance 
  • $1,793  Retirement Plan Contribution 

$17,859  TOTAL (not including salary)

NOTE: Taking the top spot as the state with the highest unemployment contributions per employee is Hawaii at $1,422 annually. Despite not having the highest tax rate, Hawaii has the highest wage base allowing for bigger tax contributions from employers.

read … Full Report

PBN: Hawaii ranked 7th most expensive state for hiring new employees

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii