When you think about unemployment insurance, it’s easy to associate it with jobs more likely to experience layoffs, like manufacturing and construction. More frequently they’ll face situations where employees are let go at no fault of their own, meaning UI claims are applicable. As a result, you might think you don’t need to pay attention to your own industry. Read more
Losing a member of your team always has implications no matter the reason they’re gone. While you can count on needing to restructure to ensure all their responsibilities are being taken care of, you might not know when to expect a former employee to file for unemployment insurance.
Being concerned about your unemployment tax rate shouldn’t wait until tax season rolls around. Failing to anticipate changes could lead to budgetary surprises, meaning you’re left scrambling. Because UI is one of the highest employer taxes, many companies consider it a cost of doing business and don’t think they have control.
If you decide to contest an unemployment insurance claim, one of two results will happen. The benefits will either be approved or denied by a state board and both parties accept the outcome, or the decision is made but either you or the former employee decide to appeal. When this happens, an unemployment insurance hearing will be scheduled.