Online Training 2015 - Managing Critical Issues of Unemployment Insurance - By Compliance Global Inc

Overview:
Employer paid unemployment insurance benefits, taxes and costs, once a nuisance, have increased dramatically in recent years. For some employers’ UI tax liabilities have increased by more than 300 percent and now have a significant impact the bottom line.
Higher UI tax liabilities are just most obvious risk created by employee separations and unemployment insurance claims. 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 employment litigation.
Effective management of an organization’s unemployment insurance experience provides the organization with the opportunity to improve its talent management results, improve its hiring and on boarding processes, enhance its performance management and discipline procedures, and reduce its exposure to discrimination and wrongful discharge claims. Effective UI management allows organizations 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.
Why Should You Attend:
Unlike other human resource management issues, unemployment insurance (UI tax rate) management issues have a direct impact on an organization’s tax liability, and since taxes reduce profitability, on its bottom line. Unlike other payroll taxes however, UI taxes are experience-rated and represent a controllable expense. Thus, 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.
This relationship between human resource management and financial management stems from the unique nature of the nation’s UI program. The 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 through no fault of their own. The program attempts to draw a relationship between benefit entitlement and wages earned, and between an employer’s benefits liability and the amount of wages paid by that employer.
For employers in virtually all states, they are taxed based on their experience in controlling separations and claims. The more UI claims paid, the higher the employers’ tax rates. Unfortunately, unemployment insurance taxes are just the beginning of employer liability. Employers are increasingly assessed with UI liability for individuals they treated as independent contractors. Additionally, unemployment insurance is increasingly becoming only the first step in assigning employer liability. UI claims are now often used to set the stage for wrongful discharge claims and other liabilities.
Areas Covered in the Session:
This webinar provides an update on federal and state UI issues, assesses the risks and costs associated with UI taxes and benefits, and discusses effective UI tax management and cost control techniques.
Because the cost control of federal UI tax liabilities is primarily achieved through the use of financial management techniques, the webinar discusses critical aspects of the Federal Unemployment Insurance Tax Act (FUTA) and actions should be taken to control this liability.
The webinar next discusses the cost control measures employers should take of state UI taxes, including an assessment of a combination of financial and human resource management activities. The webinar reviews such critical UI cost control activities as:
A discussion of UI’s guiding principles
A description and assessment of the UI political landscape State UI taxes and liability;
UI tax saving provisions in the law;
The importance of employment stabilization;
Effective UI hiring, employment, and firing procedures;
The importance of training supervisors on proper UI control and management;
The implementation of effective UI claims-hearing administration and attendance;
UI management reporting systems; and
A review an HR auditing tool to audit your UI management activities
Learning Objectives:
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)
Who Will Benefit:
HR professionals
Payroll managers
UI specialists
Operations managers
CFOs
Risk managers
External auditors
Internal auditors
Level:
Beginner
For more detail please click on this below link:
https://www.complianceglobal.us/product/700034
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