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Tag: employment

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...
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 ...
Temporary government loan modification for unemployed

Temporary government loan modification for unemployed

Career
For homeowners, an unexpected job loss can be a unpleasant obstacle in the way of obtaining a home loan modification due to the fact that lenders require homeowners to possess an income sufficient enough to comfortably repay a modified mortgage loan. Through the Making Home Affordable program, the federal government offers temporary loan modification to unemployed individuals to help them avoid foreclosure while seeking new employment. Home Loan Modification for the Unemployed Unemployed homeowners can apply for a forbearance plan through Making Home Affordable. The goal of the forbearance plan is to give the homeowner manageable mortgage payments until he can find employment. Restructured mortgage payments can continue for a minimum of three months and maximum of six months. ...
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 ...
Training employees boosts business

Training employees boosts business

Business
The welfare of the company and employees rests on the equality of training that is provided to staff. A training and development program helps employees and businesses to grow. Some of the most often-used programs include: On-the-job training On-the-job training endeavors to instruct an employee how to carry out a particular job assignment. Equally useful in training new employees as well as updating existing staff as some might be changing internal jobs, the on-the-job training consists of four parts: Preparation. The trainer finds out what the employee already knows about the job. Demonstration The trainer shows the employee how to do the job. Application. The employee does the job alone. Job Rotation In job rotation, employees are allowed to learn new jobs and to br...
How to choose employment agency

How to choose employment agency

Career
When job seekers are looking for a new employment opportunity, it is important to utilize all their resources. And that just may include working with an employment agency. Now there are two types of agencies: temporary employment and regular placement. Temporary services are a good way to try out short- and long-term temporary positions in a variety of organizations in the job seeker’s area. However, temp work is not a guarantee of finding a full-time position. With a regular employment agency, the staffing representative or headhunter is focused on identifying each candidate’s skill sets with the hope of matching him with a current employer looking to fill a regular full-time vacancy. Candidates who have never used the services of a headhunter may not be familiar with how one wo...