North America Resources
US Country Resources
United States of America: Country Resources
Currency:
United States Dollar (USD)
Capital:
Washington DC
Official language:
American English
Ease of doing Business
Easy
Population Size
333,287,557
VAT
Ranges from 2.9% to 7.25% depending on which state
About The USA
The United States of America comprises of fifty states ranging from vast plains to bustling cities and is a global economic powerhouse. It boasts the world’s largest economy by nominal GDP and excels in industries such as technology, finance, healthcare, manufacturing, and entertainment. The highly educated and skilled workforce drives innovation and productivity. Since 1787, a robust constitution has underpinned the nation, fostering entrepreneurship and industry leadership. The USA plays a key role in shaping global economic trends and labour markets.
Go global in the USA
Our multinational clients trust us to take care of international payments and compliance for employees, contractors and freelancers working in the US.
You can use our Employer of Record (EoR) service to employ your team via our legal entity – onboarding your Top Talent quickly and with ease.
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In the USA, public holidays are established by federal law, but individual states and employers may recognize additional holidays. Some commonly recognized federal public holidays include New Year’s Day, Independence Day, Thanksgiving Day, and Christmas Day. Employers are not required to provide paid leave on these holidays, but many do as part of their benefits package.
The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments. Employees are entitled to overtime pay at a rate of one and one-half times their regular rates of pay for hours worked in excess of 40 in a work week.
In the USA, the Family and Medical Leave Act (FMLA) allows eligible employees to take unpaid, job-protected leave for specified family and medical reasons, such as:
- Birth of a child and to care for the newborn
- Adoption or foster care placement of a child
- Caring for an immediate family member (spouse, child, or parent) with a serious health condition
- Medical leave when the employee is unable to work due to a serious health condition
Employees are entitled to 12 weeks of leave in a 12-month period for these reasons. Some states have additional leave provisions, and certain cities and states require paid sick leave.
In the USA, most employment is at-will, meaning that an employer can terminate an employee at any time for any reason, or for no reason, as long as it is not illegal (e.g., discrimination or retaliation). Exceptions exist in Montana and Puerto Rico, where at-will employment is not recognized after a probationary period, and termination must be for cause.
Employers are required to provide certain types of insurance to employees:
- Workers’ Compensation Insurance: Covers medical expenses and lost wages for employees who are injured on the job.
- Unemployment Insurance: Employers contribute to state-administered unemployment insurance funds, which provide benefits to eligible workers who become unemployed through no fault of their own.
- Disability Insurance: In some states, employers must provide disability insurance to cover non-work-related injuries or illnesses.
- Health Insurance: Under the Affordable Care Act, large employers (those with 50 or more full-time employees) must offer health insurance that meets minimum essential coverage requirements or face penalties.
