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.
At Unemployment Tracker, we have a number of products designed to meet your UI needs. Each is designed to save you time and money to ensure efficiency when handling unemployment insurance claims. Our full range of solutions provide you the opportunities for a do-it-yourself or a full-service approach.
A common misconception around unemployment insurance is that it’s a right for all terminated employees, and just a natural cost of business. Because of this, companies overpay millions each year because they don’t follow up with claims or miss important deadlines. Beyond just overpaying claims, the cost to your company increases through tax rates.
According to a 2015 report by Equifax relating to unemployment insurance, 11.13 percent of the total benefit payments for those unemployed were improper, meaning recipients were overpaid. While this doesn’t seem like a large chunk, it equates to $4.15 billion. Because of this, unemployment insurance integrity is essential.
In 2006, before the explosive growth of social media, only 11 percent of employers checked their candidate’s accounts. Within 10 years, this percentage jumped to 60 percent. A recent study found just two years later, it rose to 70 percent. The same percentage of hiring managers also turn to search engines to find additional hits on applicants.