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Understanding Employment Checks, Payroll Deductions, and Employee Benefits

This guide provides an in-depth overview of essential employment topics, including pre-hire background checks such as criminal history, drug tests, and credit checks. We discuss payroll deductions—both mandatory and voluntary—and how they affect gross and net pay. Additionally, the guide covers the federal and state tax rates, Medicare, Social Security, and employer contributions. It also highlights employee benefits like health insurance, vacation policies, and retirement plans (401K vs. pensions), along with legal rights regarding minimum wage, overtime pay, and family leave.

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Understanding Employment Checks, Payroll Deductions, and Employee Benefits

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  1. Before the Hire Unit 5

  2. Background checks-criminal Drug test Lie Detector Test Face Book (Social Network) Test?? Credit Check Employment Checks

  3. Gross vs. Net Pay • Pay Period-weekly, bi-weekly, monthly • Deductions-mandatory vs. voluntary Pay Types

  4. Federal Tax Rate 10-35% • State Tax Rate 5 % (IL) • Medicare 1.45% • Social Security 6.2 % • Old Age, Survivors, Disability Insurance 2009 (OASDI) (FICA) • Employers pay the same rates for SS & Medicare Mandatory Deductions

  5.  Union Dues • If you are a member it is required • Charity • Only if interested • Insurance • Family or Single depending on benefits Voluntary Deductions

  6. to attract and hold capable personnel • to keep up with competition • to foster good morale • to provide opportunities for advancement and promotion as older workers retire. Benefits-Reasons

  7. Health Insurance • employers cover almost 80% of the cost • PPO Preferred Provider Organization • HMO Health Maintenance Organization • Family, Single Coverage • Percentage Paid by employer—100% single, partial for family Benefits

  8. Pension-company vs. 401K Plans • Vacation-usually starts with 2 weeks • Life Insurance • Sick Days, Holidays, Personal Days • Car Expense, Daycare, Education More Benefits

  9. Minimum wage • Child Labor Laws • Overtime-1 ½ times the rate-less than $500,000 in sales can be exempt from paying overtime. Fair Labor Standards Act (FSLA) of 1938

  10. Minimum Wage-least amount can be paid • Federal $7.25 July 24, 2009 • State of IL $8.25 July 1, 2010 • **Always get paid the higher of the two • ** if under 18 can get paid .50 cheaper if still a student in HS Legal Rights of Workers

  11. Overtime Pay • 1 ½ times the rate if you work over 40 hours a week • Certain careers are exempt • $500, 000 annual volumes of sales or above if not it is exempt • Must be paid hourly to receive Legal Rights of Workers-Continued

  12. Unemployment • $51-369 individual per week • $439 w/spouse • $511 w/kids & spouse • based on salary, only through no fault of your own. Legal Rights of Workers-Continued

  13. allows employees to have a maximum of 12 weeks leave • To handle an emergency-birth, adoption illness • Guarantees your job, not necessarily the exact job you had before you left. Family Emergency Leave Act of 1993

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