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Thus, effective management of an organization's unemployment insurance experience provides the organization with significant opportunities. From improving the organization’s talent management results and its hiring and on-boarding processes, effective UI management can further enhance the organization’s performance management activities, its discipline procedures, and its exposure to discrimination and wrongful discharge claims.
Effective UI management further allows the 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.While UI tax liabilities are just most obvious risk created by employee separations and unemployment insurance claims activity, they increasingly expose your organization to other potential liabilities and increasingly are just the starting point for more detailed employment compliance management issues. UI related activities now often represents the initial stages of a more intense analysis of your employment policy and practices and often result in significant liabilities.
Employer-paid unemployment insurance (UI) taxes and liabilities can be significant costs to organizations. For some employers, UI tax liabilities have increased by more than 300 percent in recent years and now have a significant impact on the bottom line.
While UI tax liabilities are the most obvious risk created by employee separations and unemployment insurance claims; they are only the beginning. Unemployment insurance claims increasingly expose organizations to other potential liabilities: from wage and hour violations for misclassifying independent contractors to providing plaintiff attorneys with discovery opportunities in other employment litigation.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.