The Unemployment Insurance (UI) program is a joint federal-state partnership under which benefits in the form of a temporary, partial wage replacement are provided to unemployed workers who have lost their jobs for no fault of their own. Under this program, the benefits an employee is entitled to are directly proportionate to her wages earned. The UI program is financed by two employer-paid UI taxes: A flat-rated federal tax and an experience-rated State tax. The taxing methods and benefits program each State is allowed to determine is set by broad federal guidelines.
UI management is a very major human resource management issue for organizations, since it has a direct impact on an organization’s tax liability, an item that substantially reduces profitability. However, the comfort that UI offers is that its taxes, unlike other payroll taxes, can be controlled through experience-rated measures. This means that an organization’s UI experience, influenced by its success in managing turnover, separations, and chargeable UI claims, provides an objective measure of human resource management effectiveness. Through effective UI cost management, organizations can control their UI tax liability and have positive impact on their financial results.
Learn the ropes of UI management
A highly educative webinar from TrainHR, a leading provider of professional trainings for the HR industry, will offer complete clarity on all major aspects of UI. Ronald Adler, who is the president-CEO of Laurdan Associates, Inc., a veteran owned, human resource management consulting firm, will be the speaker at this session.
To enroll for this webinar, visit http://www.trainhr.com/control/w_product/~product_id=701470LIVE/.
HR Professionals, Payroll Managers, UI Specialists, Operations Managers, CFO’s, Risk Managers, and External and Internal Auditors will find this webinar, which has been approved for 1 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI), extremely useful.
This webinar provides an update on federal and state UI issues, discusses 2015-2016 state tax liabilities, assesses the risks and costs associated with UI taxes and benefits, and discusses effective UI tax management and cost control techniques.
Ronald will cover the following areas at this webinar:
- Gain an understanding of key unemployment insurance issues
- Discuss the strategic issues of employment stabilization and employee separation management
- Learn to identify and assess the risks associated with the federal-state UI program
- Discuss the financial implications of UI liabilities
- Learn how sound HR management practices reduce an organization’s exposure to UI liabilities and costs
- Identify and use UI Key Performance Indicators (KPIs)