It’s typical that your HR department is in the practice of sharing lots of information with employees about the employee benefits that your company provides, whether it be health insurance, retirement savings plans, subsidized child care, or educational benefits. Your HR department also automatically withholds and itemizes in payroll information the “FICA taxes” for Social Security and Medicare, plus provides employees with the necessary forms to make sure that an appropriate amount of income taxes are withheld from their paychecks. But rarely do employers explain how these government tax and benefit programs really work to their employees–how they affect the employee personally, beyond the simple mechanics of the dollar amounts withheld from each paycheck.
If you are an employer who would like to provide your employees with a greater understanding of why certain taxes are taken out of their paychecks, for what purpose and for what government programs that immediately or eventually benefit employees, then you can share the Paystub Education Project website with your employees alongside the information you already share with them regarding their pay and benefits.
Please contact us at [email protected] for further information and assistance.