Chat with us, powered by LiveChat
The Shelby Report Logo
The Shelby Report | Jul 19, 2018

The Shelby Report: Stop Unemployment Taxes From Eating Your Profits

The Shelby Report: Stop Unemployment Taxes From Eating Your Profits

HR & Benefits News: Stop Unemployment Taxes From Eating Your Profits

Independent grocers and other businesses with high worker turnover often face much higher unemployment costs than other industries. Taking steps to proactively manage your tax rate for SUI (State Unemployment Insurance) can help you control unemployment costs. For example, a single unemployment claim can increase an employer’s SUI tax rate for the next three years. For many grocers, it’s imperative they contest questionable and ineligible state unemployment claims.

About SUI

SUI was designed to provide limited financial assistance to employees that have lost their job due to no fault of their own. But we see many workers who have either quit their jobs or been terminated for cause file a claim for unemployment benefits. If the employer does not have the appropriate process in place to identify and contest claims like these, they slide right on through the system. The unemployment claims are automatically paid, putting the employer at risk for a significant increase in their SUI costs.

READ MORE HERE

The HR and business professionals at MyHRConcierge are here to respond to your questions and concerns, and keep small to medium-sized businesses compliant with federal and state labor laws. Delivering personal service to our Partners and Clients is the heart and soul of our business.