to be used for any presonal finance question related to employment. Related tags are "Self-employment, unemployment, employment-law
2
votes
2answers
158 views
Why don't the employment rate and unemployment rate sum up to 1?
According to Turkstat, the Turkish employment rate was 44.9 and the unemployment rate was 10.1 in December 2012. I would expect the unemployment rate to be 1 - employment rate. How are those numbers ...
0
votes
2answers
97 views
Considerations for taking a sizable break from working
The Proposition
From time to time, my wife and I consider the "foolish" idea of leaving our jobs (and, likely, careers) and taking a sizable chunk of time off from working, or at least working in the ...
3
votes
0answers
78 views
Paying UK tax when working remote for a US company
I'm currently employed by a US company and I'm working remotely from the UK (I'm a UK resident).
In my previous employment tax was deducted automatically from wage however tax isn't being deducted ...
14
votes
4answers
2k views
Can my employer limit my maximum 401k contribution amount (below the IRS limit)?
I contribute about 13% of my income to my company's 401k, which, at my salary, is well below the IRS limit of $17K/year (in 2012). However, with my raise this year, my benefits department told me that ...
11
votes
9answers
517 views
Why is retirement planning so commonly recommended?
I'm just graduating college, and I'm starting to educate myself on economics, finance, and investing, and everything I see is sort of screaming at me "PLAN YOUR RETIREMENT!!"
Now, I know this sounds ...
6
votes
2answers
305 views
Non-qualified Savings Plan vs. 401(k) for Highly Compensated Employee
Late last year, I started a higher-paying job than I've ever had. Today I got a letter from my employer's benefits department and Fidelity telling me that I'm expected to pass $115,000 in ...
6
votes
1answer
137 views
Lower withholding based on my calculations. How to get employer to change withheld amount?
My employer will withhold taxes from my paycheck as if I have been working at a particular salary range all year. Basically: pay period = (base salary / 2080 hours) * 80, and taking all taxes as a ...
7
votes
2answers
257 views
Hiring a teenager as a household employee
What am I required to do if I hire a 14-year-old for household work? Any generic information is welcome, but I'm in New York State.
Here are some things that come to mind:
Do I need to have the ...
2
votes
2answers
837 views
FHA Loan - Less than 2 years employment history
Background: I & the wife are looking to buy a house priced at $250k via an FHA loan.
One of the requirements for the loan is that we have a 2 year continuous employment.
I have a 1 year gap in ...
3
votes
1answer
118 views
Can a recruiting agency demand information to file an I-9 before I have a job?
I was contacted by a recruitment agency over the phone and we decided to meet in person before they search for a job for me. They sent me an email asking me to bring a driver's license or US Passport ...
3
votes
1answer
234 views
Does your employer have to hold back taxes on your paycheque?
I've been looking at ways to increase the amount of liquidity that I have on a day-to-day basis, and notice that I have quite a fair amount of my bi-weekly paycheque going right to taxes that I'm ...
5
votes
3answers
368 views
I'm about to be offered equity by my employer. What should I expect?
I'm not expecting to potentially be screwed over in any way (this is being given to me alongside a raise and a promotion so it's more of a cherry on top.) I was told in passing that I'll be vested at ...
5
votes
5answers
344 views
For the first time in my life, I'm going to be making real money…what should I do with it?
So I'm a college junior taking on my first actual paying internship this summer. I'll be making between $3000-$5000 a month. I know NOTHING about investing money, or what I should do with money ...
4
votes
1answer
167 views
Biweekly Paycheck
Is it legal to get paid for the previous two weeks all the time. For example for your paycheck for may 15 will be for April 15 thru the April 30?
2
votes
1answer
436 views
What happens to CPP/EI when you change employer?
What happens to your CPP/EI contributions when you change jobs? Is your portion of the contribution carried over to the new employer?
Are there any taxes involved?
4
votes
6answers
807 views
Changing jobs as a strategy to build a good income?
In most professions, it seems that when you change jobs, you are eligible for a pay hike (at least up to a certain ceiling amount). My questions are:
Is this a viable long term strategy to ...
4
votes
3answers
182 views
What economic growth rate is required to halve U.S. unemployment?
I've just completed a consulting project in South Africa looking at various economic inputs required to reduce their 25-35% level of unemployment. It is estimated that for every 1% of new jobs ...
14
votes
3answers
457 views
Quit my job: What can/should I do with funds in previous employer's 401(k) plan?
I recently changed jobs, and my previous employer offered a 401k. I know I can roll that money into an IRA. Before I do anything, I would like to understand what options I have, and which option is ...
4
votes
3answers
520 views
What questions to ask a prospective employer when receiving a job offer?
What questions to ask a prospective employer when receiving a job offer?
12
votes
5answers
7k views
Why do consultants or contractors make more money than employees?
Why do consultants or contractors make more money than employees?
12
votes
11answers
5k views
In the U.S., do you get paid for vacation days untaken when you leave a job?
In the U.S., do you get paid for vacation days untaken when you leave a job?
1
vote
2answers
638 views
On Canadian Employment Insurance (EI) do you have to wait 2 weeks for benefits due to a surgery?
I have to go on Employment Insurance (EI) because I am having surgery and was wondering if I still have to wait the 2 week waiting period they make you wait until you can receive benefits or do they ...
4
votes
1answer
579 views
Can my employer increase my hours without increasing my salary?
Can my employer increase my hours without increasing my salary?
7
votes
4answers
518 views
Can I ask my employer if I can work as a contractor instead of an employee?
Can I ask my employer if I can work as a contractor instead of an employee?
6
votes
1answer
306 views
Can I deduct equipment that I'm required to purchase by my employer?
If my employer requires that I own a laptop and other computer equipment, but does not provide them, am I able to deduct the expense of purchasing the equipment? I know that I definitely would deduct ...
5
votes
1answer
96 views
How to Transition From Employee to Employer?
I know Making the transition from employee to employer requires financial stability, a good business plan, self-confidence and a lot of discipline.
But i am looking for some instructions/tips from ...
6
votes
4answers
308 views
Is it legal to hire people to generate traffic on a website?
Why do websites need to do that? It's all written in the title. Thanks in advance for any information on this.
12
votes
4answers
997 views
Offered a job: Should I go as consultant / independent contractor, or employee?
Two partners started a business, and it's grown pretty big (comparatively).
Now they've asked me to be the CTO, and I've determined it's a good position for me to take. I'll be getting 90% of my ...
11
votes
3answers
454 views
How important is disability insurance, e.g. long-term, LTD? Employer offers none
How important is it to have disability insurance? My employer does not provide it. I work in the web development business.
4
votes
2answers
143 views
There have been many studies on the differences in earning-power between men and women. Have similar studies been done for race, religion or sexual orientation?
I'm curious to know if there are similar biases in the workplace - if anyone's dared to document it.
10
votes
2answers
187 views
When changing jobs, how can you protect yourself?
Say you have a job, its pretty stable but you want to move on up, so you apply for another one.
You do well at the interview, and are offered the job, so you hand your notice in.
In the last week of ...
7
votes
2answers
172 views
Do there exist legitimate Work-from-Home job opportunities? Is there a website that lists them?
I'd like the ability to supplement my income when I need to, and a job that I can do remotely from home is ideal. Surely in this era of "going green" and "reducing our carbon footprint" there exist ...
6
votes
2answers
802 views
What are the risks & rewards of being a self-employed independent contractor / consultant vs. being a permanent employee?
What are the risks & rewards of being a self-employed independent contractor / consultant vs. being a permanent employee?
Note: I am, in fact, a self-employed independent consultant, and I often ...
9
votes
3answers
4k views
How much would be a fair raise or salary increase to ask for at work?
I have not got a raise at work for some time - almost two years - and I think I am due. I did not ask during the crisis because other companies were laying off, etc. Mine didn't lay off, we actually ...
9
votes
5answers
3k views
I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it?
I'm sure there are tax implications, and other things to consider. I don't know where to start.
