Upcoming Webinar: Benefit charge audits – a hidden source of unemployment cost savings
Benefit charge audits – not always regarded as glamorous work, but this is a key process that contributes significantly to the bottom line. It’s also an important way to contribute to the integrity of our nation’s unemployment insurance system.
A group of my colleagues will be holding a webinar on March 24, focused on this important topic. They’ll discuss the key issues to bear in mind when conducting an effective benefit charge audit. They’ll review some of the bedrock principals and talk about charge situations that necessitate audits. They’ll also talk about best practices in the charge audit process and tell you about a unique solution for identifying improper charges initiated by claimants receiving wages from another employer.
Neglect this function and you’re likely to join the thousands of companies who throw away 100s of millions of dollars collectively every year by overlooking benefit charges that should never have been included on their account, resulting in a higher tax bill. Benefit overpayment rates run at around 11% nationwide for the unemployment insurance system, and that adds up to an enormous sum lost by employers.
This is also a major issue for the unemployment insurance system overall. UI Integrity is a rallying cry these days for both regulators and cost-conscious employers.
This webinar is part of an ongoing series on UI Integrity and closely related issues. The team will also update attendees on recent developments related to UI Integrity and the requirements employers face now in responding correctly and timely to claims, and the penalties they risk by failing to comply.
I hope you can join us! Here’s a link to register.
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