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To be emloyed on wages - Essay Example

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To be emloyed on wages

This paper will also support wage employment over self-employment. Meaning Employees under normal wage get compensated for their works on a regular basis, which can be weekly, biweekly or monthly, depending on their agreement with their employers (Miller & Huston, 2005). In some cases, others even get paid on a daily basis. However, the employer dictates both when and how the employee works. “They pay can be an hourly wage or salary, or, at times, it can be settled on another basis like per-call basis if you are a call center representative or sales commissions for salespersons” (Miller & Huston, 2005). However, in the least case, it can be hourly wages when work is performed. In such employments, the boss normally settles half of the worker’s medical bills in form of Medicare and Social Security taxes, as well as payroll taxes (Miller & Huston, 2005). The employee issues to his or her workers a W-2, which outlines compensation, as well as taxes settled for the previous tax year. In essence, in such an employment, everything is done for the worker and his or her duty is just to work and be paid (Miller & Huston, 2005). ...
Therefore, hobby-, part-time and fan-based economic proceedings are mainly ignored by authorities (Ruiz-Tagle, 2008). Also, self-employed individuals mainly look for their own work instead of being offered one by an employer, getting income for a business of trade, which they operate. Therefore, with this in mind, it is vital to look at the pros and cons of each type

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of employment in order to see why this paper supports wage employment. Pros and Cons of Wage Employment Pros Some of the benefits of working in wage are extremely significant, and nearly all of the benefits surpass the benefits of self-employment. “For example, the employer pays half of the Medicare and Social Security taxes” (Ruiz-Tagle, 2008). Also, the boss brings together payroll taxes in each and every paycheck, thus there is no need to estimate tax payments. Workers under wage employment also benefit from minimum wage laws; therefore, at no time will they be undercompensated for the amount of work they do (Ruiz-Tagle, 2008). Also, with such laws comes job security. Workers under wage employment normally have job security because they cannot be laid off just like that devoid of any form of compensations (Miller & Huston, 2005). This is referred to as unemployment compensation, which is normally available when one loses his or her job. Such employees also enjoy regular payments, as well as other benefits. Cons Some of the main cons of being involved with waged employment are that it is less flexible when it comes to scheduling and work (Miller & Huston, 2005). A majority of waged employment also offer fewer opportunities to work at home. Finally, the compensation rate might be lower. Pros

Summary

To Be Employed On Wages Name: Institution: To Be Employed On Wages Introduction There is no actual answer to the question as to which form of employment between wage and self is better. This is because when it comes to weight normal employment against self-employment, there are numerous host issues, which come into consideration (Ruiz-Tagle, 2008)…
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To be emloyed on wages essay example
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