As an employer, you might have heard about overpaid unemployment insurance claims and disregarded it for a number of reasons. Perhaps you believe it isn’t an issue at your company, and even if it was, it’s not like it would be costing that much. You believe the employees you’ve let go wouldn’t engage in fraudulent behavior and give them the benefit of the doubt.

Regardless of what you think, overpaid unemployment claims top $3 billion every year. That’s more than a few lost dollars for companies. It doesn’t come down to fraudulent behavior either – sometimes it’s mistakes on your end that lead to paying more and if they aren’t caught, you keep bleeding money.

Instead of turning a blind eye, try the following best practices to ensure you aren’t losing money to UI claims.

Hire a specialist

Too often companies think their current human resources staff or someone else on the team is capable of handling and monitoring all unemployment claims. They task an already busy employee with ongoing responsibilities and are surprised when deadlines are missed.

If your company deals with layoffs frequently, it might be worthwhile to hire someone who understands the system and is able to help make sure you are compliant and timely in your responses.

Missing a deadline for information to be filed can mean you’re paying an employee longer or more than required. Laws change frequently and if you don’t have someone who’s well-versed in the variations, you could miss crucial adjustments.

Purchase tracking software

If you want to deal with unemployment claims less, don’t have a team member who can devote the time, or you simply want a less expensive yet very effective option, unemployment claims software might be your right choice.

Unemployment Tracker is a top choice because of the customizable interface and packages made to fit your specific needs, whether you need a little help or a lot. We understand how complex the unemployment system is and we want to make it easier for you.