The Federal and state unemployment insurance issues are another employment liability that employers must manage. Unlike other taxes however, state UI taxes and costs are experience-rated. Thus, employers have significant ability to control their sate UI tax liability. Additionally, because UI often becomes the gateway for other employment related costs, proper management of employers’ UI activities can have a positive impact on these liabilities.
Unemployment insurance taxes and costs have increasingly become more important and represent a potentially critical liability. For some employers, UI tax liabilities and their relationship to other employment related costs have become significantly more important and now have a measurable impact on the bottom line.
While higher UI tax liabilities are just most obvious risk created by employee separations and unemployment insurance claims; they are only the beginning. Unemployment insurance claims increasingly expose organizations to other potential liabilities: from wage and hour violations for misclassifying independent contractors, to providing plaintiffs with discovery opportunities in other types of employment litigation.
Effective management of your organization’s unemployment insurance experience provides you with the opportunity to improve your talent management results, improve your hiring and onboarding processes, enhance your performance management and discipline procedures, and reduce your exposure to discrimination and wrongful discharge claims. Effective UI management allows you to use UI metrics to assess human capital risks, measure supervisor and manager performance, more accurately allocate resources, and have a positive impact on the bottom line.
This webinar provides an update on federal and state UI issues, assesses the risks and costs associated with UI taxes and benefits, reviews the interconnection between UI and other employment and tax issues, and discusses effective UI tax management and cost control techniques.
Venue: Recorded Webinar
