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2020 - Unemployment Insurance: Managing Key Issues in the Response to the Implications of the Coronavirus



VenueOnline event, USA - United States USA - United States

KeywordsUnemploymentinsurance; Pandemicunemployment; Covid-19+F3 insurance


Topics/Call fo Papers

Unfortunately, UI tax liabilities are only the most obvious risk created by employee separations and unemployment insurance claims. Unemployment insurance claims often expose organizations to other potential liabilities: from wage and hour violations for misclassifying independent contractors to providing plaintiffs with discovery opportunities in other employment litigation settings.
Thus, effective management of an organization's unemployment insurance experience provides your organization with significant opportunities. From improving your organization’s talent management results and its hiring and on-boarding processes, effective UI management can enhance your organization’s performance management activities, establish sound discipline and termination procedures, and reduce its exposure to discrimination and wrongful discharge claims.Effective UI management activities will additionally help your organization assess human capital risks, measure supervisor and manager performance, more accurately allocate resources, and have a positive impact on the bottom line.
Thus, while UI tax liabilities are the most obvious risk created by employee separations and unemployment insurance claims activity, they increasingly expose your organization to other potential liabilities and increasingly become the starting point for more detailed employment compliance management issues. UI related activities now often represents the initial stages of an increasingly more intense analysis of your employment policy and practices and can result in significant liabilities.
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)
More than 40 million Americans have become unemployed and the number is still rising. This represents a catastrophic employment disruption and is a significant loss of employment talent. In response, more than 1 in 5 American workers have filed for unemployment insurance benefits…with many more are likely to do so.For employers, this represents significant potential liability. While 2020 state UI tax rates have already been set and are lower than they have been in a number of years, the depression level unemployment caused by the coronavirus, will cause unemployment tax rates and liabilities to increase drastically in 2021 and 2022.In this environment, employers should take the necessary steps to identify and manage future UI tax liabilities.Understanding the key elements of your unemployment insurance experience can provide your organization with important information about its financial and human resource management decision making process.
HR professionals
Unemployment insurance staff
Managers and supervisors
Internal auditors
Compliance officers
Risk managers
Ronald L. Adler, president of Laurdan Associates Inc. has 42 years of HR consulting experience and has served as a consulting expert on work force, workplace, and HR management issues for The Wall Street Journal, HRMagazine, and other publications and newspapers across the country. Mr. Adler's research findings have been used by the Federal Reserve Board, the EEOC, the National Conference of State Legislatures, the National Federation of Independent Business (NFIB), insurers, and international organizations.
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Last modified: 2020-07-31 19:20:05