Talent Wiki - United States of America
Your quick guide on talent and labor compliance norms in United States of America
Capital
Washington D.C
Currency
USD (United States Dollar)
Languages
English
Payroll Frequency
Biweekly and Monthly
GDP per Capita
$76,027.04
Employer Tax
Varies based on States
Talent Overview
The United States of America is known to be one of the most developed countries and is considered to be a high-income nation. The main economic contributions of the country are the industry and service sector. The country holds the highest economy in the world with 24,796 (in billion U.S. dollars) GDP per capita. Most businesses are into expansion in the US for better economic growth.
Major economic hubs:
Washington, D.C., New York City, California
Skills in demand:
Software Engineer, IT Engineer, Data Analyst, Data Scientist
Local Universities
The top local universities in United States of America with world rank are
Massachusetts Institute of Technology (MIT)
RANKING
Local: 1
World : 1
Harvard University
RANKING
Local: 2
World : 2
Stanford University
RANKING
Local: 3
World : 3
Cornell University
RANKING
Local: 4
World : 4
University of California, Berkeley
RANKING
Local: 5
World : 5
Salary Data
The table below mentions the average salary data in United States of America
| Job Title | Average Monthly Salary (USD) |
| Software Developer | 10,106 USD |
| Marketing Manager | 8,878 USD |
| UX Designer | 8,847 USD |
| Technical Product Engineer | 6,501 USD |
| Sales Executive | 6,441 USD |
| Data Analyst | 5,761 USD |
| Accountant | 5,561 USD |
Talent Sourcing Tips
Top Local Job Boards:
CareerBuilder, Indeed, LinkedIn
Number of LinkedIn users:
196,000,000
Top Recruitment Agencies:
Employing in The United States
Knowing the labor laws in the United States is the first step to employing local employees in the country. Additionally, the employers must have information about bonuses, leaves, and allowances. Below are some areas that employers must delve into before taking in employees.
Employee Contract:
Employment contracts in the United States of America must be written, and the language should be English. The employer must mention all the descriptions, job roles, bonuses, allowances, and leaves in the contract.
Public and Provincial Holidays 2023
| Date | Holiday | Remark |
| 1 Jan | New Year | National holiday |
| 2 Jan | New Year holiday | National holiday |
| 16 Jan | Birthday of Martin Luther King Jr | National holiday |
| 20 Feb | Washington’s birthday | Regional holiday |
| 29 May | Memorial day | National holiday |
| 19 Jun | Juneteenth day | Regional holiday |
| 4 Jul | Independence day | National holiday |
| 4 Sep | Labor day | National holiday |
| 10 Nov | Veteran’s day | Regional holiday |
| 23 Nov | Thanksgiving day | National holiday |
| 24 Nov | Day after Thanksgiving | Regional holiday |
| 25 Dec | Christmas day | National holiday |
Employee Leaves
| Type of Leave | Time Period | Mandatory |
| Annual/Earned Leave | 0 | No |
| Sick Leave | 0 | No |
| Maternity Leave | 0 | No |
Payroll
Payroll Cycle
The payroll cycle in the United States of America is Biweekly or Monthly, depending on the state-federal legal rules of the employer.
Minimum Wage
The minimum wage followed in the United States of America is $7.25 per hour.
Overtime Pay
According to the Fair Labor Standards Act (FLSC), overtime pay is at least one and one-half times the employee’s normal rate of pay after 40 hours of work in a workweek.
Bonus
13th Month Pay:
There is no legal status for 13th Month bonus, however, the employer may provide the employees with a Christmas bonus and New Year Bonus.
Employee Benefits:
- Unemployment Insurance
- Federal Insurance Contributions Act
- Family and Medical Leave Act
- Health benefits
- Six jurisdictions (California, Hawaii, New Jersey, New York, Puerto Rico, and Rhode Island) operate state disability insurance (SDI) programs.
Taxes
Employer Payroll Tax:
Employee Payroll Tax:
Employee Income Tax:
VAT:
There is no VAT in the United States.
Offboarding & Termination
The United States of America follows “Work at will,” meaning there is no set length of an employment relationship. Either the employer or the employee can put an end to it at any particular time, with or without notice, and also, with or without cause. If there is an employer policy, employment contract, or union agreement, the employment relationship shall be in accordance with the terms and conditions of that agreement.
As the employment is done “at will,” there is no notice period. Although if the employer mentions any specific notice period, the employee has to serve it.
There is no statutory law for severance pay in the United States of America.
Visa and Immigration
In the United States, an employee needs a visa as an immigrant worker. The employer will be the sponsor if the employee already has the job offer. However, an employee needs to have an approved Labor Certificate from the U.S. Department of Labor (DOL). The visa preferences are further mentioned below:
