Prepare for increased unemployment benefit costs as part of your workforce strategy

With the extension of unemployment benefits, employers need to prepare for a significant increase in unemployment insurance taxes. We'll discuss workforce strategies and programs that can help to offset these costs and assist displaced employees.

 

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In response to the continued impact of COVID-19, federal and state governments have been rapidly expanding unemployment benefits and the cost of unemployment insurance taxes is expected to rise by as much as 100 percent over the next two to three years. Learn how your company can implement unemployment benefit programs to prepare for increased costs and assist displaced employees.

Our speakers will address:
  • How the pandemic has impacted unemployment benefits and what to expect following the passage of the recent American Rescue Plan Act 
  • Unemployment system solvency and funding
  • Anticipated cost increases and the pros and cons of using unemployment funds to help pay severance costs
  • Supplemental Unemployment Benefit (SUB) plans and workshare programs
  • Communications strategies that can assist employees during times of job uncertainty

About our speakers

CohenEileen - horizontal
Eileen Cohen |Eileen is a Principal in Buck’s Engagement Practice and works with both large and small clients on developing workforce communications strategies. Eileen has extensive experience creating employee communications for severance and workshare programs.
Joe Kane-1
Joe Kane, JD, C.P.A. | Joe is Executive Vice President at Total Management Solutions (TMS) and serves as chief client strategist. With more than 20 years’ experience, he has implemented SUB Plans for a number of Fortune 500 employers, as well as smaller companies. His background includes advising on employee benefit and executive compensation strategies, tax research and planning, and M&A.
Mary Roth
Mary Roth, JD, M.L.T. | Mary is a Principal in Buck’s Compliance Consulting Practice and has extensive experience implementing SUB Plans for employers including many Fortune 500 and other companies. Her background includes consulting on federal, state, and local tax laws and regulations.
Gage Stille
Gage Stille | Gage is a Principal at Buck and leads the workforce reshaping group, managing a team of consultants serving a wide range of employers’ workforce needs. His background includes HR and benefits consulting and prior to joining Buck he worked in financial services doing HR strategy and M&A work.

 


 

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