Schneider insists new hires participate in the per diem program. That program reduces wages by $0.18 per mile. A per diem of $0.16 substitutes the $0.18/mile loss. Not obvious to some drivers is this reduces taxes paid by Schneider on the drivers behalf. All employers match payments to a employees social security payments. Schneider saves the 7.25% tax money on the amounts paid as a per diem. The crazy part of the scheme is they then also charge the driver to implement the program.
If you are currently accepting Per Diem as part of your wages take a serious look at it. number of web sites discuss this issue. searching on trucking per diem social security to see what you might be losing. The program is a big win for the employer. In the long term a loser for the employee. Check it out.
If you are currently accepting Per Diem as part of your wages take a serious look at it. number of web sites discuss this issue. searching on trucking per diem social security to see what you might be losing. The program is a big win for the employer. In the long term a loser for the employee. Check it out.