HR Compliance Webinar 2011 - Managing Unemployment Insurance Costs: 2011 Update - HR webinar By ComplianceOnline

Why Should You Attend:
Employer ?paid unemployment insurance taxes and costs, once a nuisance, increased significantly as a result of the recession. In some states employers’ UI tax liabilities increased by more than a 100 percent in 2010 as states increased UI experience rates, increased taxable wages bases, and imposed new surtaxes.

2011 will bring even higher state UI tax liabilities for many employers.

Higher experience rates are just the beginning. The recession depleted more than 30 sate UI trust funds causing the states to borrow from the Federal Trust Fund funds to pay benefits. Eventually these loans have to be repaid. In the meantime, the interest payments on these loans will result in separate interest payment surtax on employers. Further, if the state fails to repay its loan, employers in the state will have a higher federal UI tax liability.

This webinar provides an update of 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.