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Questions tagged [employment]

to be used for any presonal finance question related to employment. Related tags are "Self-employment, unemployment, employment-law

68
votes
8answers
22k views

Company stopped paying my salary. What are my options?

UPDATE 3: The firm is likely lying to us and going up declare bankruptcy on May 15 after moving money out of the country. Asked advice here: https://law.stackexchange.com/questions/40917/want-to-sue-...
52
votes
5answers
19k views

Handling waitress unclaimed pay from three years ago

Each week our boss gives us payslips with our hours worked and we can cash them right at the place of work. Pretty simple. You get a receipt for your hours worked for the week and a slip to turn into ...
31
votes
6answers
40k views

Why do consultants or contractors make more money than employees?

Why do consultants or contractors make more money than employees?
24
votes
7answers
39k 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 ...
19
votes
2answers
4k views

Laid off. Had FSA overages that I wasn't aware of. Can they collect?

I was abruptly laid off, and I wasn't aware of the FSA overages until after my departure. I realize I'll sound like a weasel, but can they collect? They paid out more than the annual limit and they ...
18
votes
3answers
749 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 ...
18
votes
2answers
3k views

As an employee, when is it inappropriate to request to see your young/startup company's financial statements?

If you work for a young company, equity in the form of restricted stock or options is often a form of compensation and a way to keep you aligned with the company's goals. But as a new employee you ...
17
votes
3answers
2k views

Why would you not want to rollover a previous employer's 401(k) when changing jobs?

Are there any valid reasons to not rollover a former 401(k) when changing jobs? I have several little ones that I never quite got around to rolling together - with an upcoming job change, should they ...
16
votes
2answers
7k views

I feel I'm not getting paid completely. Do these numbers add up?

This is my following pay statement for a 2-week period: I worked in total 183 hours in a 2 week interval, my questions is why am I getting paid to little for overtime? 183-80(hours of regular)= 103 ...
15
votes
11answers
13k 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?
15
votes
5answers
6k views

How to value a bonus when evaluating a job offer?

If I have two job offers, one for £X and one for £Y + n% performance related bonus where the bonus is only paid annually, how should I compare them? The employer making the offer is being simplistic ...
14
votes
4answers
22k views

W2 vs 1099 Employee status

I've in the middle of an offer for employment. During negotiations, I've asked for more money due to distance involved (Further by far than I'd normally consider, but the pay raise I'd get is ...
14
votes
4answers
3k 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 ...
13
votes
5answers
8k 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.
12
votes
9answers
814 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 ...
12
votes
3answers
11k 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 ...
11
votes
3answers
2k 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.
11
votes
2answers
332 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 ...
10
votes
3answers
5k views

Must a company have a specific number of employees to do an IPO?

I'm interested in a job offering from a company that is going for an IPO (Initial Public Offering) in the next 6 months. It is rumored that once the IPO is done they will lay off a lot of employees ...
10
votes
2answers
389 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 ...
9
votes
4answers
5k 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?
9
votes
2answers
3k views

When does it make financial sense to take advantage of employer's tuition reimbursement program?

Many companies offer tuition reimbursement programs. On the surface, these programs are such that qualified employees can enroll in undergraduate / advanced degree programs (or even take individual ...
8
votes
1answer
2k views

Wage difference in pay period for same weekly hours worked

If I get paid biweekly, but missed a pay period, so get a check for four weeks instead, should not my net simply be double what I normally get for 2 weeks? They increased my tax deductions, so that ...
8
votes
2answers
488 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 ...
8
votes
2answers
3k 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 ...
8
votes
1answer
344 views

Can I live in Spain under a French contract?

Since July, I'm working remotely from Spain for a French company under a French contract. I'm Spanish, I've never lived in France. All of the salary related taxes are payed to the French government. ...
7
votes
2answers
999 views

How do I handle taxes on a very large “gift” from my employers?

My husband just received a $700,000 "gift" from the partners at the organization he has worked for for over 13.5 years. These particular partners sold their share of the partnership, making an ...
7
votes
1answer
675 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
3answers
5k views

Can I add girlfriend to my benefits provided by employer?

I work in a big tech company in the Bay Area, California. It is time to enroll in benefits and I am trying to understand if I can add my girlfriend to my insurance. I have been living together with ...
6
votes
4answers
16k views

Should I get a bank account since I recently got my first job?

I'll be starting work this Friday (yay!) and haven't got the slightest clue about any of this. It'll be washing dishes at a restaurant, and I really don't know anything. Do I set up a bank account ...
6
votes
5answers
2k 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 ...
6
votes
4answers
655 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.
6
votes
2answers
2k 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
2answers
214 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.
6
votes
3answers
8k views

How is my employer affected if I have expensive claims on my group health insurance?

Suppose, for the sake of discussion, that I work at ACME, Corp, a USA company. As part of my compensation, ACME makes me a member of their group health insurance through Aetna, a USA health insurance ...
6
votes
3answers
244 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 ...
6
votes
1answer
382 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 ...
6
votes
1answer
381 views

Can you change auto-enrollment pension provider? And what happens if you change jobs?

I'm trying to figure out if someone who has been auto-enrolled in a company pension scheme can change their pension provider. I opted out of the pension provided by my company because I couldn't ...
5
votes
6answers
1k 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 become ...
5
votes
3answers
2k 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
1answer
158 views

Where can I look up or set up contribution to a retirement plan from an employer?

In US, is 401K or other retirement plan usually mentioned in an offer letter? If there is no such information in an offer letter, does it mean the employer doesn't provide retirement plan to its ...
5
votes
3answers
841 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?
5
votes
1answer
598 views

Double-entry bookkeeping: How to account for non-monetary taxable benefits received from employer?

I'm trying to keep detailed books for my personal finances. One thing I haven't figured out how to represent is various non-monetary taxable benefits that I get at work. For example, a gift or a meal. ...
5
votes
2answers
233 views

How do I estimate the value of employer-provided job benefits, for comparing compensation?

I'm trying to put a number on the benefits (health insurance, dental insurance, 401k match, etc). that my job provides. I'm looking at a career move and would like a total compensation number for ...
5
votes
1answer
111 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 ...
5
votes
1answer
123 views

How is 'death in service' benefit funded? Does the employer benefit?

In the UK many employers offer a 'Death in Service' benefit of (for example) 4x annual salary (e.g. £80,000 if the person was earning £20,000) payable if the employee were to die whilst employed by ...
5
votes
1answer
1k 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 ...
4
votes
3answers
345 views

Salary expectations without degree

I work in automated materials handling, mainly in high level computer controls. Java applications, oracle databases and such; but also down to mechanical and controllers to a lesser extent. For ...
4
votes
2answers
829 views

Can I make modifications to my health coverage enrollments after 30 days after joining my first company?

I recently took up a job in CA (the hustle-bustle place) after completing my PhD. I was on F1 during my studies and now I am on OPT. At the time of my joining, I was given a 30 day window by my ...
4
votes
1answer
1k views

Can my employer increase my hours without increasing my salary?

Can my employer increase my hours without increasing my salary?