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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

How voluntary benefits work Voluntary benefits are arranged by employers but either paid for by staff via payroll deduction or by the employers themselves. The employer deducts any fees or premiums for these benefits from employee paychecks and forwards them in a single batch to the benefit vendors.

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What You Don’t Know About Payroll Taxes Can Hurt You

Insperity

These funds provide benefits for the disabled, children of deceased workers, retirees and their survivors, and hospital insurance for the elderly. You also have to pay federal unemployment taxes (FUTA), and depending on your state, state unemployment taxes, though these are employer-paid and not deducted from employees’ salaries.

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