My first conversation with a recruiter

Training Engineer? You have to be kidding, you just HAVE to be!

 

When you take a part of your pay as per deim, it means that you don't have to pay income tax on it. Sounds like a good thing, right?

HOWEVER, that part of your income does not earn any Social Security. In other words, neither you NOR THE COMPANY has to pay the portion of the SS withholding. OK, now this STILL may sound like a good thing. But remember that your SS benefits are based on your earnings.

So when you get to the time in your life that you really NEED that money, it isn't there.

But it DOES save the employer money.

When you do your income tax at the end of the year, you can then declare a certain amount as per diem that you don't have to pay income tax on. But you have still paid your SS on this income.

I am sure that others, particularly Roadmedic could explain this a lot better and in more detail than I can. But at least this gives you a rough idea.

 

I dropped a PM to Roadmedic about this topic. Hopefully he will weigh in on it when he gets the chance. It seems like there is more to this than just the Social Security stuff, but I can't remember what all it is.

 

About per diem, it is a moot point with SNI, because it is forced per diem for first 6 months. However, I have posted in another thread that I specifically laid it out for my accountant that does my taxes for the past 15 years, and FOR ME PERSONALLY, it was a great deal. In my case, because I have another side family business and so many kids as deductions, it was best for ME. As far as the Social security, that is based on a life time of earning, with some of the highest and lowest years "thrown out" if I read that correctly, and at this point basing anything on there actually being a social security by the time we get there, is a gamble at best.

Raid3r

 

It is something that really only benefits the company for the most part.

If the driver has nothing else to help on itemizing, it might be beneficial to them, but it should be looked at on an individual basis.

The bad things about per diem:

In the event that you are injured, workmen's compensation is then calculated on the reduced gross income earned, not the actual.

The same is true in the event of a wrongful death calculation as well.

With the reduced amount in the calculation, you receive a lower benefit. This in turn reduces the amount of the premium that the company pays toward your benefit.

If you have a retirement plan, most are figured on the reduced figure as well. This reduces the amount that the company is required to put in for the driver.

If you go and try to buy something large ticket or house, you have to explain why the income does not match and most of the time they just use the reduced earnings.

Just remember a company does nothing voluntary toward the benefit of driver that will cost them money.

 

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At times they seem to list them !

https://schneider.taleo.net/careersection/2_cd_pa/jobdetail.ftl


Pa.

 

Job Description


Dedicated Truck Drivers: Bedford, PA: Open To Recent Graduates-10000000II


Description


This Walmart dedicated position in Bedford, PA features a regional driving opportunities with predictable scheduling, steady miles and familiar lanes. As an experienced dedicated driver on our Walmart account, you'll provide first-rate service to one of our largest customers and benefit from consistent miles and stable earnings. On-site fuel, maintenance and driver support.

• Hiring area: Must live within 75 miles of Bedford, PA
• Primary travel area is: W PA, NY, S VA, and OH
• Typical time at home - Various work schedules available including 5 days on 2 days off or 6 days on 3 days off
• Multi-stop loads that will deliver to various Walmart stores.
• No touch freight
• Average annual earnings - $40,000 to $60,000 based on experience
• Night driving and holiday work will be expected. Most driving will be done during 2nd and 3rd shift hours.

Qualifications

• Valid Class A CDL in state of residence
• Open to recent truck driving school graduates and experienced drivers
• Haz Mat endorsement optional
• Good customer service and a willingness to go the extra mile

Job

Company Driver
Primary Location

USA-PENNSYLVANIA-BEDFORD


Schedule

Full-time





Sign On Bonus

No



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