The Shelby Report: Stop Unemployment Taxes From Eating Your Profits
How to Reduce Unemployment Taxes
Manage your State Unemployment Insurance (SUI) Tax Rate
Independent grocers and other businesses with high worker turnover often face much higher unemployment costs than other industries.
How SUI Affects Your Costs
Taking steps to proactively manage your tax rate for SUI (State Unemployment Insurance) can help you control unemployment costs.
We see many workers who have either quit their jobs or who receive termination for cause file a claim for unemployment benefits.
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.
SUI provides 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 who receive termination 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.
MyHRConcierge Offers Unemployment Claims Administration Services
MyHRConcierge offers Unemployment Claims Administration services to help small to mid-size businesses handle claims that put your business at risk. We also provide claims contesting services to properly represent you in the process. To find out more information on that and other services that we provide, schedule a free consultation with us.