Overview: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 interrelationship 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.Why should you attend: With the recession now behind us, the costs associated with UI are now lower for many employers. As the 2015 state tax rates are received, tax rates have been dropping - although for many, taxable payrolls have been increasing - and many employers have now focused their attention to other issues. Of course UI tax liabilities are just most obvious risk created by employee separations and unemployment insurance claims. Unfortunately, unemployment insurance claims increasingly expose organizations to other potential liabilities: from wage and hour violations for misclassifying independent contractors to providing plaintiffs with discovery opportunities in other employment litigation.Areas Covered in the Session:Gain an understanding of key unemployment insurance issuesDiscuss the strategic issues of employment stabilization and employee separation managementLearn to identify and assess the risks associated with the federal-state UI programDiscuss the financial implications of UI liabilitiesLearn how sound HR management practices reduce an organization's exposure to UI liabilities and costsIdentify and use UI Key Performance Indicators (KPIs)Who Will Benefit:HR ProfessionalsPayroll ManagersUI SpecialistsOperations ManagersCFOsRisk ManagersExternal and Internal Auditors