Many people mistakenly believe that unemployment insurance (UI) benefits come from a fund paid into by employees—like Social Security or Medicare. However, it’s employers who are financially responsible for unemployment benefits, and the costs are far higher than just the amount of a claim. Many employers view unemployment taxes as just the cost of doing business. They either don’t realize that many of their former employees may be ineligible for unemployment benefits, or they don’t want the hassle of fighting claims. We will discuss how employers can prevent UI benefit charges in order to keep their unemployment tax rate low.
Intended Audience - CEOs, Business Owners, HR Managers, Employers Who Have Dealt With an Unemployment Claim or Hearing
Key Takeaways- How unemployment claims occur & how they impact your business
- How to prevent claims from happening
- Managing Exposure and Controlling Cost
- How Properly Managing Payroll limits liability
