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Tight labor markets that have persisted since the beginning of COVID are forcing American businesses to spend more and face greater costs of recruitment of hourly employees.
A new report from Bluecrew called, The True Cost of Recruitment and Employment, shows the real-life mark-up on recruiting and employing one $15/hour employee for a year is around 63%. Employers spend nearly $19,400 on taxes, insurance, benefits, recruiting, and ongoing management in one year.
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