Employees in the United States

Overview by Globlatrade.net:

Working Conditions

Opening Hours
 
  • Legal Weekly Duration
40 hours.
  • Maximum Duration
None. The standard workweek is 40 hours, although many salaried positions (held by workers who are paid weekly or monthly, not by the hour) entail standard workweeks in excess of 40 hours. For hourly employees who work more than 40 hours, overtime pay equal to one and one-half times regular salary is standard.
Working Rest Day
2 days a week.
Paid Annual Vacation
2 weeks vacation per year and 2 weeks sick leave.
Retirement Age
65 years.
Child Labor and Minimum Age For Employment
16 years.
Informal Labor Market
Informal labor market is developed due to the high level of illegal immigration.

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The Cost of Labor

Pay

Minimum Wage
The federal minimum wage for covered nonexempt employees is USD5.85 per hour effective. Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.
Average Wage
Weekly average wage in USA is USD 818.
Other Forms of Pay
  • Pay For Overtime
Overtime pay one-half their regular rates of pay. Almost all employees who make less than USD455 a week (USD23,660 a year) are eligible for overtime
  • Pay For Rest Days Worked
One-half their regular rates of pay.
  • Pay For Night Hours
Extra pay for working weekends or nights is a matter of agreement between the employer and the employee
  • Pay For Overtime at Night
Extra pay for working weekends or nights is a matter of agreement between the employer and the employee
 

Social Security Costs

The Areas Covered
Social security and Medicare taxes, also known as FICA taxes must be withheld from your employees' wages. As an employer, you must also pay a matching amount of FICA taxes for your employees.

For Social Security, the employer must withhold 6.2% of an employee's wages and pay a matching amount in social security taxes until the employee reaches the wage base for the year. The total is 12.4% for the employee and the employer.

For Medicare, the employer must withhold 1.45% of an employee's wages and pay a matching amount for Medicare tax. The total is 2.9% for the employee and the employer.

Each employer also must pay State and Federal Unemployment Taxes (SUTA and FUTA). The FUTA rate is 6.2%.

Contributions
Contributions Paid By the Employer: 7,65% (medicare + social security), 6.2% Unemployment
Contributions Paid By the Employee: 7,65% (medicare + social security)
Competent Organization
Social Security

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