Whether the business is small or large, dealing with unemployment claims can be time-consuming and tedious, especially considering a single claimant can cost the company quite a bit of cash. Many business owners are not equipped to handle unemployment matters for a number of reasons, whether it’s a lack of experience or a lack of staff. Here are a few 2018 unemployment claim statistics:
- The average claimant collects $350 every week in benefits.
- The average claimant is in the program about 15 weeks.
- In all, $29.9 billion was paid to beneficiaries in all programs during the last calendar year (2017).
In addition to the already-high cost of unemployment claims, many business owners overpay claims. Many also don’t know that their unemployment tax rate largely depends on the number of past unemployment claims against the business. While employers can’t really control whether an employee files a claim, they can take steps to reduce the risk of unqualified claims being levied against them.
Here are some tips for proactively protecting a business of any size: