Understanding Unemployment Costs

Understanding Unemployment Costs

By Unemployment Tracker Posted July 13, 2016

Unemployment costs are rising rapidly. In fact, in the last decade alone, they’ve risen more than 80 percent! While these claims can be irritating, the fact is at one point or another your business will have to address them. How you manage them, however, is up to you.

Many businesses think that UI costs are just another business expense; they suck it up, pay the bill, and get back to work. These companies probably don’t realize that they have the ability to manage and reduce overpayments, and by allowing these errors to go unchecked they are devastating the bottom line.

As a rule of thumb, when an employer catches overpayments and their protest win percentage increases, these changes can lead to dramatic UI tax rate reductions. Visit the Unemployment Tracker blogs for information on how to catch overpayments and increase your protest win percentage. It’ll help you recognize trends that lead to a healthier bottom line.

The fact of the matter is UI claims are costing your business more than you think. So when manual monitoring will no longer cut it, enlist the help of Unemployment Tracker. Our management software will help to identify claims that should not be paid, effectively protest them, identify credits you have earned, and catch costly errors. Leveraging our management software allows you to:

  • Reduce the labor needed to manage your UI program by up to 50%
  • Increase the credits to your State UI Account by up to 35%
  • Significantly reduce errors and missed deadlines

Unemployment Tracker is efficient, cost-effective, easy to understand and most importantly, will save you time and money. What are you waiting for?

Contact us today for a free demo.

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