Tax withholding is deducting income tax from payer's earnings. Most jurisdictions require withholding for employment income. Governments use withholding to combat tax evasion
W-4 is an IRS tax form for determining federal tax withholding. Form helps employers understand tax profile and withhold correct amounts. New 2020 version eliminated allowances, focusing on personalized calculations
AI adoption is accelerating, with only 12% of HR departments using it. 44% of workers' skills will be disrupted by 2030. Manufacturing job postings increased 46% while tech sector saw cuts
Work-life balance is managing professional and personal life healthily. Poor balance leads to 74% of job changers citing it as top reason. Millennials and Gen Z resign due to poor work-life balance
Payroll tax includes taxes on wages, tips, and salaries. Employers withhold taxes from employee paychecks. Total tax rate is 15.3%, split between employer and employee
Absenteeism rate measures unexpected absences due to sickness or personal reasons. Calculated annually as percentage excluding approved absences like annual leave. UK companies reported 128 days of sick leave in 2019, up from 81 in 2019