Assessing Unemployment Insurance Cost Controls - Webinar By TrainHR

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This webinar discusses the purposes and methodologies of UI audits in assessing an organization's unemployment insurance controls and the use of UI audits in reducing the organization's UI risk exposure and lowering UI tax liabilities and costs. Critical areas of UI cost management are reviewed and effective cost control strategies are identified.

The webinar continues with a discussion of UI assessment activities, including the assessment of the external and internal factors that affect UI liability. The webinar then discusses the use of UI metrics and methods to compare an individual employer's experience with the experience of other employers in the state and the employer's industry. To improve the organization's allocation of UI tax liabilities and enhance managerial accountability, the webinar also discusses the use of internalized experience rating.

Finally, the webinar provides some actionable takeaways. Starting with a discussion of UI audit tools, the webinar provides some specific questions organizations should ask in assessing their UI cost controls.

Why should you attend: The nation's high unemployment continues to take its toll on the economy and employers' bottom line as unemployment taxes and liabilities shown no sign of abatement. Higher unemployment taxes increase the cost of labor, reduce profitability, and reduce the resources available to grow the business or employ new employees. For 2011 and for the next few year, many employers we see not only higher state unemployment insurance taxes, but for the first time in decades, higher federal unemployment taxes. At the same time UI claims not only expose employers to higher experience rated state Ui taxes, but can also be the stepping-stone for other employment related claims. And frequently HR claims trigger audits by not only state UI agencies, but also the U.S. Department of labor and the I.R.S. In response, employers are reexamining their UI cost management programs and implementing financial, UI claims and hearing, and HR management activities to more effectively manage UI taxes and other separation-related costs. These activities include: enhancing UI tax management techniques, scrutinizing UI claims processes and UI hearing attendance, and updating UI training programs for managers and supervisors.

Areas Covered in the Session:
The components of a UI assessment
Inherent, residual, and risk related to Unemployment insurance
UI metric and benchmarking information;
UI assessment techniques to improve HR management performance and reduce liabilities; and
Effective UI audit plans.
Who Will Benefit:
Senior Management Team
Directors, and Administrators
Supervisors
Employment Managers
Training Director