Planning Your Company’s 2021 Unemployment Insurance Tax Liability

OVERVIEW Effective management of your organization's unemployment insurance experience can provide your organization with significant opportunities. From improving your organization’s hiring and on-boarding processes and improving talent management results, effective UI management can enhance your organizational performance management and discipline procedures and reduce your exposure to discrimination and wrongful termination claim. Effective UI management further allows your organization to use UI metrics to assess human capital risks, measure supervisor and manager performance, more accurately allocate resources, and have a positive impact on the bottom line. WHY SHOULD YOU ATTEND For many employers, the direct costs associated with UI has been lower. In calendar year 2020, unemployment insurance tax rates have dropped to state minimum rates — although in many states, the taxable wage bases have been increasing causing higher UI tax liabilities. But UI tax liab...