As you might have experienced before, Day One at your new employer will include plenty of reading dense text and signing your name.
Remember that these new job forms are critical. They could determine the size and delivery of your paycheck, for example.
Although a human resources (HR) representative is likely to walk you through this new job paperwork on your first day, it can be helpful to study them in advance. As a result, you’ll complete them correctly and efficiently.
There’s also a practical benefit. This list of five new job forms will also highlight what to bring with you into the office, such as forms of identification.
Your employer is obligated to have you sign the federal government’s Employment Eligibility Verification form. Also known as the I-9 form, it proves you’re eligible to work in the U.S.
You’ll complete the first of three pages of I-9 documents by filling in personal information, such as your citizenship status. Your employer’s HR representative will complete the second page after reviewing your forms of identification.
The I-9 form calls for you to present one or two forms of ID. Typical forms you can provide include:
- U.S. passport
- Permanent resident card
- Driver’s license
- State, school, or military ID
- Voter’s registration card
Completing the IRS’ Form W-4 helps your employer determine how much of your paycheck to withhold for federal income taxes. The Personal Allowances Worksheet included on the first page will determine the withholding amount for you.
Simply put: The more allowances or exemptions you claim, the less will be withheld from your paycheck. An example of an allowance is claiming dependents on your tax return.
Besides the worksheet, you could use the IRS’ withholding calculator to determine your preferred amount of allowances.
You might prefer withholding even more from your paycheck than is needed. This could help you score a big tax refund at the end of the year. Alternatively, you could have your employer withhold less from your paycheck if you’d rather take a tax hit later on.
Don’t worry if you change your mind. You can adjust your withholdings at any time as you prepare for tax season.
Unlike Form W-4, you don’t have to worry about your W-2 form until tax season. Your employer will complete a W-2 form for every employee, regardless of their elected allowances.
Once your employer confirms how much you’ll be paid via the Form W-4, it will help you decide how you’d like to be paid.
Unless you prefer the old-fashioned paper paycheck, you’ll likely complete a direct deposit form when starting a new job. This will automatically send your earnings into the bank account or accounts of your choice at the end of each pay period.
You’ll need to gather two pieces of information to set up a direct deposit: the account number and routing number for any checking or savings account receiving these transfers. You can find both numbers on the bottom of your checks or by logging into your bank’s website.
Your employer’s direct deposit form will also ask what percentage of your paycheck you’d like sent to each account. You might put 50% into your checking account for recurring expenses like rent and 50% into a savings account that’s used less often.
Think about your short-term expenses and long-term savings goals when choosing your paycheck distribution. Your preferred budgeting method might also dictate where your earnings go.
You won’t be expected — and might not even be eligible — to enroll in company benefits immediately upon starting a new job. But it’s still a good idea to familiarize yourself with the forms you’ll receive on the first day.
Your HR representative will likely walk you through your company-provided health insurance options, for example. You’ll be given information about each plan (if there are multiple plans) and their premiums.
There will be an application in which you’ll note your choice of coverage. The application will call for basic personal information. It will also allow you to note whether dependent family members will be included in your policy.
Starting a new job is seen as a qualifying event that allows you to switch health plans. It’s important to learn the language of health insurance to make your best possible choice for coverage.
If your company has other perks that require enrollment, you can expect to fill out forms for those as well. Say your new employer offers a 401(k) plan to save money, for example. You might be wondering what to do with an older 401(k). If you choose to roll it over to your new company’s account, there will be more paperwork to complete.
|What about new job forms relating to your student loans?|
|● There are more and more companies that pay off student loans, potentially adding to the mounting pile of new job forms.
● If your new company is among them — perhaps they provide 401(k)-style payment matching — you may need to pull your student loan records off the shelf.
● If this benefit isn’t offered, however, pick the right time to convince your boss to offer repayment assistance.
Beyond new job forms coming from the government or your employer’s vendors, you can also expect to be handed company-specific paperwork. You might be expected to read and sign the following documents:
- Non-disclosure agreement: As a legal contract, an NDA ensures the company’s privacy, even after you quit working there. If you work for a high-tech startup, for example, they might be concerned that you’ll take their competitive edge with you when you exit.
- Compliance: The HR department may also request that you review the company’s employee handbook. It could outline employer policies and ask you to agree to follow them.
- Expenses: You might be able to request a reimbursement for pre-employment expenses. That will teach you how to expense recurring and one-off costs.
Your first day could include other company-specific forms, such as one that calls for emergency contact information.
|What about new job forms for federal government employees?|
|If you’ll soon be working for Uncle Sam, expect even more new job paperwork. There are forms specific to federal work that confirm your employment eligibility and your understanding of public rules and protocols. Check the Department of Labor website for a full listing of these forms.|
If you’ve recently been hired, you’ve probably already done your fair share of filing. From the job application and background check to the offer letter, there’s a long paper trail.
Unfortunately, the new job forms are just starting to pile up.
No matter your job title or the company you work for, of course, you were hired to do something other than push papers around. Still, taking new job paperwork seriously will get you off on the right foot with your HR department. Your direct deposit form and I-9 documents might seem unimportant, but they can also affect your wallet and your ability to start work.
Your new employer might ask you to complete new job forms ahead of your first day, or they may review the materials with you on your first day or during your first week. Specific timing aside, completing the forms efficiently will also allow you to move forward. You can focus on the things that are a little more fun — like requesting time off or finding your new favorite place nearby to eat lunch.
Then, you can settle into your actual job description and ace your first 90 days in your new role.
Interested in refinancing student loans?Here are the top 9 lenders of 2022!
|Lender||Variable APR||Eligible Degrees|
|1.74% – 8.70%1||Undergrad & Graduate|
|1.74% – 7.99%2||Undergrad & Graduate|
|4.44% – 8.09%3||Undergrad & Graduate|
|1.74% – 7.99%4||Undergrad & Graduate|
|1.89% – 5.90%5||Undergrad & Graduate|
|1.74% – 7.99%6||Undergrad & Graduate|
|1.90% – 5.25%7||Undergrad & Graduate|
|1.86% – 6.01%||Undergrad |
|N/A8||Undergrad & Graduate|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Splash Financial.
Splash Financial Disclosures
Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount
The information you provide to us is an inquiry to determine whether we or our lenders can make a loan offer that meets your needs. If we or any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. We do not guarantee that you will receive any loan offers or that your loan application will be approved. Offers are subject to credit approval and are available only to U.S. citizens or permanent residents who meet applicable underwriting requirements. Not all borrowers will receive the lowest rates, which are available to the most qualified borrowers. Participating lenders, rates and terms are subject to change at any time without notice.
To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of May 4, 2022.
2 Rate range above includes optional 0.25% Auto Pay discount. Important Disclosures for Earnest.
Student Loan Refinance Interest Rate Disclosure Actual rate and available repayment terms will vary based on your income. Fixed rates range from 2.99% APR to 8.24% APR (excludes 0.25% Auto Pay discount). Variable rates range from 1.99% APR to 8.24% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. The maximum rate for your loan is 8.95% if your loan term is 10 years or less. For loan terms of more than 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95%. Please note, we are not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX. Let us know if you have any questions and feel free to reach out directly to our team.
3 Important Disclosures for CommonBond.
Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.15% effective Apr 22, 2021 and may increase after consummation.
4 Important Disclosures for SoFi.
Fixed rates range from 3.49% APR to 7.99% APR with a 0.25% autopay discount. Variable rates from 1.74% APR to 7.99% APR with a 0.25% autopay discount. Unless required to be lower to comply with applicable law, Variable Interest rates on 5-, 7-, and 10-year terms are capped at 8.95% APR; 15- and 20-year terms are capped at 9.95% APR. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance. Autopay is not required to receive a loan from SoFi.
5 Important Disclosures for Laurel Road.
Laurel Road Disclosures
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.
Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”) and changes in the LIBOR index may cause your monthly payment to increase. Borrowers who take out a term of 5, 7, or 10 years will have a maximum interest rate of 9%, those who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of April 29, 2021. Information and rates are subject to change without notice.
6 Important Disclosures for Navient.
7 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of 5 years and is reserved for applicants with FICO scores of at least 810.
As of 11/15/2021 student loan refinancing rates range from 1.90% APR – 5.25% Variable APR with AutoPay and 2.49% APR – 7.75% Fixed APR with AutoPay.
8 Important Disclosures for PenFed.
Fixed Rate Loan Terms: 5 years/60 monthly payments, 8 years/96 monthly payments, 12 years/144 monthly payments or 15 years/180 monthly payments. Annual Percentage Rate is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed rates range from 3.29% to 5.43% APR. Rates are subject to change without notice. Fixed APR: Fixed rates will not change during the term. This rate is expressed as an APR. Since there are no fees associated with this loan offer, the APR is the same percentage as the actual interest rate of the loan. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.