Managing Unemployment Insurance Costs

Course Description:

Your 2020 State Unemployment Insurance tax rates have been posted. Often, because your 2020 rates are low and you have other more important issues to address, your UI activity is overlooked. Yet beware, this year because of the coronavirus pandemic, potentially significant UI liabilities lie ahead. Thus, understanding the key elements of your unemployment insurance experience and planning for changes can provide your organization with important information about the financial and human resource management issues that lie ahead.

While 2020 state UI tax rates are lower than they were during the last recession, many employers still have significant liabilities. But UI tax liabilities are only the most obvious risk created by employee separations and unemployment insurance claims. Unfortunately, unemployment insurance claims can often expose your organization to other potential liabilities: from wage and hour violations for misclassifying independent contractors to providing plaintiffs with discovery opportunities in other employment litigation settings.

Thus, the 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 2020 and 2021 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 in the Webinar:

  • 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 professionals
  • Internal and external auditors
  • Compliance officers
  • Risk managers
  • C-suite executives
  • Middle and on-line managers

 

Our Speaker

Ronald Adler

RONALD ADLER, M.B.A., is the president-CEO of Laurdan Associates, Inc., a human resource management consulting firm and internationally recognized thought leader on HR risk management and HR audits. Mr. Adler has more than 45 years of HR consulting experience working with U.S. and international firms, small businesses and non-profits, insurance companies and brokers, and employer organizations.

Mr. Adler has served as a consulting expert on work force, employment practices, and unemployment insurance issues to The Wall Street Journal, HR Magazine, Bloomberg BNA, and other publications and newspapers. His research findings have been used by the U.S. Federal Reserve Board, the Equal Employment Opportunity Commission (EEOC), the National Conference of State Legislatures, the National Association of Manufacturers, the National Federation of Independent Business, insurers, and international organizations.

Mr. Adler is the developer of the Employment-Labor Law Audit™ (ELLA®), the leading HR auditing and employment practices liability risk assessment tool — now in the tenth edition.

Mr. Adler has served as an adjunct professor at Villanova University, where he taught a graduate course on HR auditing. He has also served as a certified instructor on employment practices and insurance issues for The CPCU Society, has conducted continuing professional education courses for the American Institute of Certified Public Accountants on “Assessing Employment and Personnel Policies,” and has conducted continuing professional education courses for the Society for Human Resource Management (SHRM), the Institute of Internal Auditors, and the Institute of Management Consultants.

Mr. Adler has testified before the U.S. Congress and state legislatures and has served as an expert witness in discrimination and negligent hiring lawsuits. Mr. Adler has served on two national taskforces developing HR professional standards in Human Capital Measurement and Performance Management.

Mr. Adler has served as a subject matter expert on HR metrics to SHRM and formerly served on SHRM’s Human Capital Measurement/HR Metrics Special Expertise Panel. He has also served as a consulting expert on workplace issues to SHRM’s legislative staff and has represented SHRM in meetings with the EEOC.

Mr. Adler holds a bachelor’s degree in Finance from the University of Maryland and an M.B.A. degree from Southern Illinois University.

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