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Tag: employee

How to calculate taxes withheld from a paycheck

How to calculate taxes withheld from a paycheck

Business
The law requires employers to withhold income taxes from employees’ paychecks. The tax withheld depends on the type of tax. The employee can generally control federal income tax withholding because it is largely based on his filing status, income and number of allowances. However, the government sets the Social Security and Medicare tax amounts. Figuring payroll taxes can be confusing, but once the process is understood, the withholding can be determined. Federal Income Taxes on a Paycheck Use Form W-4 and the IRS withholding tax tables to determine federal income tax withholding. The filing status and number of allowances from are on the W-4. Then, use the withholding tax tables (Circular E) for the appropriate tax year to perform the calculation. If the employee has 10 or fewer...
Why happy employees may not be motivated

Why happy employees may not be motivated

Business
But what if it's wrong? After all, happiness is a mood state and that is not the same thing as motivation or commitment. There are plenty of immensely happy people who are quite average or even below average as performers on the job. There certainly is a relationship between job satisfaction and productivity but while everyone wants to work in an environment that makes them happy, the reality is that satisfied employees are not necessarily more productive. Productive employees tend to be happy however. They are productive when their leaders emphasize quality and customer service and they are well trained, empowered, and involved in making decisions. This allows them to be more engaged and to communicate and collaborate with each other. Consider the resources currently being wa...
When is right time for voluntary early retirement

When is right time for voluntary early retirement

Career
Taking early retirement is easier said than done and needs careful planning. A typical semi-retirement or working retirement plan involves: determining of the length of semi-retirement, accumulating savings to fund mandatory and discretionary spending during semi-retirement, budgeting for expenses and spending during the time off; and, developing a back up plan if ventures do not succeed Once the savings target is reached and before the resignation letter is tendered, semi-retirement activities should be planned out carefully to ensure that the temporary time off from work is well spent, efforts are worthwhile and goals are achieved. Spending Time With Family The best time spent by most people is probably with their parents, spouses, children and pets. Although the time ...
Proven tips to nurture good creative people at work

Proven tips to nurture good creative people at work

Business
Finding good creative people is hard enough for an advertising agency, but keeping them there is even harder. In the end, it should not be a matter of money. Talented people should want to stay on because they feel cared for and can look forward to a great career instead of just a job. Here is expert advice based on Bird’s in-house notes. The Manager’s Job is to Make Dreams Come True An ad agency manager’s job, says Bird, is to make his people’s dreams come true. This begins with discovering what their dreams are. Right from the start, a manager should find out what his people want to achieve. He should talk to them. If they seem to have potential, a manager should make it his business to help them achieve their goals. That will make them even better because they’ll want to he...
How to write professional resume and avoid mistakes

How to write professional resume and avoid mistakes

Career
"How to write a resume?" That seems to be the big question these days with so many people looking for a new job. Well, in order to get that next great job, one must have a great resume. The resume is the foot in the door for almost every employer these days. Most employers are going to make a first judgment on a prospective employee by the information contained in the resume. Most folks have been in the same job or working for the same company for a while and it may have been some time since a resume has been prepared. Well, these days with an average of six or seven applicants for every job, one has to be able to prepare the best possible resume. Here are some resume tips to get the right information together before preparing a final resume. Resume Should Communicate Marketable ...
How unemployment insurance works in the States

How unemployment insurance works in the States

Career
In the midst of staggering unemployment and poverty during the United States’ Great Depression arose a New Deal and new legislation aimed at bolstering a battered and torn economy. The Social Security Act of 1935 created a safety net for Americans who needed financial assistance for unemployment, disability, retirement, and other life situations where they may find themselves without an income through no fault of their own. In 1939, the Federal Unemployment Tax Act (FUTA) set the unemployment compensation-related provisions of the Social Security Act into motion, creating a joint state-federal program of unemployment insurance. According to the U.S. Department of Labor, FUTA authorizes the Internal Revenue Service (IRS) to collect a federal employer tax in order to fund state workfo...