Unemployment levels in certain regions provide valuable insights that help recruitment businesses make informed decisions about supply of labor, competition they may be facing, broader economic trends and strategic planning. So far in 2024, the US recorded...
What is Payroll Tax? Payroll tax refers to the taxes employees and employers pay on wages, tips, salaries, commission, bonuses and also some taxable cash equivalent benefits that may be awarded to an employee (such as immediately accrued stock grants, employee...
What is workers’ compensation? Workers' compensation in the United States is a primarily state-based system which provides cash benefits or medical care for workers who suffer an injury or become ill due to their workplace. Some form of workers’ compensation is...
What is minimum wage? Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract. Who...
What is Overtime? Overtime refers to the additional hours worked by an employee beyond their regular working hours as defined by their employer. Overtime pay is the additional compensation that employees receive for working those hours. In the United States,...
Unemployment levels in certain regions provide valuable insights that help recruitment businesses make informed decisions about supply of labor, competition they may be facing, broader economic trends and strategic planning. So far in 2024, the US recorded...
Health insurance in the US The language of health insurance can be hard to understand. However, it’s becoming more and more important for health care consumers to have at least a basic knowledge of the industry’s terminology. We previously covered some of the most...
Leave policies for new parents in the United States have been a topic of debate and discussion for years. The US does not have a federally mandated paid parental leave policy, leaving millions of new parents and their employers to navigate a patchwork of state and...
What is a 401(k) plan? A 401(k) plan is an employer-sponsored, personal pension (savings) account, provided by numerous American employers, offering tax benefits to participants. It’s named after a section of the U.S. Internal Revenue Code (IRC). As an employee...
Health insurance in the US In the US, health insurance plays a critical role in ensuring access to healthcare, protecting against financial hardship, promoting preventive care and complying with legal requirements. Under the Affordable Care Act (ACA), most Americans...