Live Webinar Unemployment Insurance: Managing the Costs and Liabilities

01:00 PM EDT | 10:00 AM PDT | 12:00 PM CDT Duration 60 Minute

Webinar Includes : All the training handouts , certificate ,Q/A and 60 mins Live Webinar

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Through effective UI cost management, organizations can control their UI tax liability and have positive impact on their financial results.

Description

Unlike other human resource management issues, unemployment insurance (UI) 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 interrelationship 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. Within broad federal guidelines, each state is allowed to determine its taxing methods and benefits program.

The UI program is financed by two employer-paid UI taxes: A flat-rated federal tax and an experience-rated state tax. NOTE: Governmental agencies and certain nonprofits are exempt from the federal UI tax. They may also elect to reimburse the state dollar-for-dollar for the UI benefits collected by their separated employees in lieu of paying the state's experience-rated tax. 

Cost control of the federal UI tax is achieved through the use of financial management techniques. Cost control of state UI taxes is achieved through a combination of financial and human resource management activities. Cost control of an individual employer's UI taxes and liability is achieved by stabilizing employment, by taking advantage of tax saving provisions in the law, by using effective hiring, employment, and firing procedures, by training supervisors on proper UI management, and by implementing effective UI claims-hearing administration and management reporting systems.

Why should you attend: 

With the recession now behind us, the costs associated with UI are now lower for many employers. As the 2015 state tax rates are received, tax rates have been dropping - although for many, taxable payrolls have been increasing - and many employers have now focused their attention to other issues. 

Of course UI tax liabilities are just most obvious risk created by employee separations and unemployment insurance claims. Unfortunately, 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 your organization's unemployment insurance experience can provide you with the opportunity to improve your talent management results, improve your hiring and onboarding processes, enhance your performance management and discipline procedures, and reduce your exposure to discrimination and wrongful discharge claims. Effective UI management allows your organization 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.

This webinar provides an update on federal and state UI issues, discusses 2015-2016 state tax liabilities, assesses the risks and costs associated with UI taxes and benefits, and discusses effective UI tax management and cost control techniques.

Areas Covered

•     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 and Internal Auditors

Industries who can attend

This 60-minute online course is intended for professionals in the all Industry. Although not presently stated in the draft , the same guide could be used by FDA Regulated Industries personnel


Speaker Profile

Ronald L. Adler

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.

Mr. Adler is a frequent lecturer and author on HR management, employment practices, and UI issues. Mr. Adler is the author and editor of the Employment-Labor Law Audit (ELLA), the internationally recognized HR auditing and employment practices liability risk assessment process.

Mr. Adler is an adjunct professor at Villanova University where teaches a graduate level course in HR Auditing. Mr. Adler is also a certified instructor for The Chartered Property Casualty Underwriters (CPCU) Society on employment practices liability and HR auditing issues and has conducted continuing education courses for the American Institute of Certified Public Accountants (AICPA) and the Society for Human Resource Management (SHRM) on HR management and HR auditing topics. Additionally Mr. Adler has served as an adjunct instructor at the Baltimore City Community College on workplace diversity and sexual harassment.

Mr. Adler is an appointee to State of Maryland's Unemployment Insurance (UI) Oversight Committee and previously served as an appointee to the State's UI Funding Task Force, the UI Advisory Committee, and the state's Workforce Training Initiative. Mr. Adler has served as a moderator at the State of Maryland's Annual Human Relations Conference and at the state's Annual Small Business Conference.

Mr. Adler has assisted Congress and state legislatures develop employment and UI related legislation and ha

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