Are You Managing Your Unemployment Insurance?

As you can read in the helpful article The Times just published http://www.nytimes.com/2011/10/20/business/smallbusiness/managing-unemployment-premiums-in-a-time-of-joblessness.html about unemployment insurance, businesses ultimately pay the bill for unemployment claims. The state may write the check, but the money comes from employers. Most important — and something a lot of small-business owners don’t understand — is this: The more people you lay off or fire "without cause" in the current year, the more you will have to pay into the system for the next three years, at least in Illinois (it varies by state). On the other hand, if you have a good year and manage your people well, you can keep the rate down.

By JAY GOLTZ

Full Story: http://boss.blogs.nytimes.com/2011/10/19/are-you-managing-your-unemployment-insurance/