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 relationship 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.
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.
This webinar will help your organization analyze and assess the performance of its UI management program and will help it identify and implement effective UI cost control measures.
WHY SHOULD YOU ATTEND
For many employers, the direct cost associated with UI has been lower. In calendar year 2020, unemployment insurance tax rates have dropped to state minimum rates — although in many states, the taxable wage bases have been increasing causing higher UI tax liabilities.
But UI tax liabilities are just most obvious risk created by employee separations and unemployment insurance claims activity.
Unfortunately, unemployment insurance claims increasingly expose organizations to other potential liabilities and increasingly, UI claims activity is just the starting point for more detailed employment compliance management analysis.
As a result, UI related activities now often represents only the initial stage of a more intense analysis of your employment policy and practices and can result in significant liabilities.
This webinar provides an update on federal and state unemployment insurance issues, discusses 2020 and 2021 state tax liabilities, assesses the risks and costs associated with unemployment insurance benefits and taxs, and discusses effective UI tax management and cost control techniques.
- Update on federal and state UI program
- Risks and costs of UI
- Key UI program management metrics
- Strategic and operational UI issues
- Financial UI cost controls issues
- UI benefits cost control issues
- HR management cost control issues
- The effect on strategic and operational management
- How independent contractors affect your employment practices
WHO WILL BENEFIT
- HR managers
- Payroll managers
- UI Specialists
- Operations managers
- CEOs, CFOs, and COOs
- Risk managers
- External and Internal Auditors
Years of Experience: 42+ years
Areas of Expertise: HR Audits, Risk Management, Unemployment Insurance, and Employee Survey
Ronald Adler is the president-CEO of Laurdan Associates, Inc., a veteran-owned, human resource management consulting firm in Rockville, Md., specializing in HR audits, employment practices risk management, benchmarking and HR metrics, strategic HR, employee surveys, and unemployment insurance issues.
Mr. Adler has more than 42 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 is a consulting expert on work force, employment practices, and unemployment insurance issues to Bloomberg BNA, HR Magazine, and other publications and newspapers across the country. His research findings have been used by the 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 co-developer of the Employment-Labor Law Audit™ (ELLA®), the nation's leading HR auditing and employment practices risk assessment tool, and is a frequent lecturer and author on HR management and workplace issues. As an adjunct professor at Villanova University, Mr. Adler teaches graduate courses on HR auditing. He is also 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 SHRM, the Institute of Internal Auditors, and the Institute of Management Consultants.
As a member of the Society for Human Resource Management (SHRM), Mr. Adler serves as a subject matter expert (SME) to SHRM on HR metrics and formerly served on SHRM's Human Capital Measurement/HR Metrics Special Expertise Panel. He is a consulting expert on workplace issues to SHRM's legislative staff, has contributed materials for The SHRM Academy and the SHRM Learning System, and has represented SHRM in meetings with the EEOC.
Mr. Adler is an appointee to the State of Maryland Legislative UI Committee. Additionally, he belongs to the Institute of Internal Auditors, chairs the Maryland Chamber of Commerce's UI Subcommittee and is a member of the U.S. Chamber of Commerce's Labor Relations Committee.
Mr. Adler holds a bachelor's degree in finance from the University of Maryland and an M.B.A. degree from Southern Illinois University
Tags: Unemployment Insurance, 2021, Ronald Adler, Managing key issues, webinar, tax management, tax implications, covid-19, coronavirus