Unemployment compensation is regulated by the Federal Unemployment Tax Act (FUTA) and jointly administered by federal and state authorities. Under FUTA, individual states are free to set limits on weekly benefit amounts, unemployment tax rates, taxable wage bases, and unemployment eligibility and disqualification requirements. Unemployment benefits are financed by a tax on a certain portion of wages paid to employees; this "taxable wage base" varies from state to state.
Tip-toe the Tightrope of Trust
How much do you trust your staff and why does it matter? Trust affects the bottom line — the way you treat employees is the way they will treat customers.
Change Is Destiny: Coping with Organizational Tumult
Despite good intentions to keep employees apprised of merger or acquisition stages, the uncertainty that follows such news usually scares workers. The HR department can play a crucial role in helping the process go as smoothly as possible.
Unemployment Claims Fall
In the week ending December 13, the number of initial claims dropped to 353,000
after seasonal adjustment, Department of Labor reported.
Federal Unemployment Program Set to Expire
The federal program that grants up to 13 weeks of additional unemployment benefits
to jobless workers who have exhausted their state benefits is set to expire
before the end of the year unless Congress acts to renew the program, the San
Francisco Chronicle reports.
