Workforce Overview
We are confident that you will find Raleigh's workforce to be one of our greatest strengths. Here are a few reasons why.
Highly educated. More than 50% of our population over the age of 25 holds a college degree or higher.
Well trained. We are a leader in customized training for new and expanding businesses through the North Carolina Community College System.
Growing. The number of people in Wake County between the ages of 18 and 64 increased by more than 20,000 last year alone. In addition, triangle universities are graduating between 15,000 and 20,000 people annually.
North Carolina is a right to work state.
Raleigh's below average cost of living keeps wages competitive when compared to cities with similar workforce characteristics. To view Wake County wage statistics, please visit the NC Employment Security Commission's web site.
Unemployment Insurance and Workers Compensation Rates
We are frequently asked about unemployment insurance and workers compensation rates. Please find summary information below.
Unemployment Insurance
2008 Taxable wage base - $18,600
Standard rate for company new to NC (First two years) - 1.2%
Minimum rate - 0.0%
Maximum rate - 6.84%
Average rate in North Carolina - 1.7%
For more information, contact:
North Carolina Employment Security Commission, UI Division
PO Box 25903, 700 Wade Avenue
Raleigh, NC 27611
(919) 733-7395
Workers Compensation
According to the National Council on Compensation Insurance,
North Carolina workers compensation legislation and insurance rates are generally more fiscally responsible and cost employers less money than in other states.
For additional information, please contact the following agencies:
NC Industrial Commission
4340 Mail Service Center
Raleigh, NC 27699
(919) 807-2500
NC Rate Bureau
5401 Six Forks Road
Raleigh, NC 27609
(919) 783-9790