Analyzing large amounts of data in a short period of time has become the goal for many major businesses, and this trend has started to filter into the unemployment insurance sector as well. In Iowa, the state’s benefits agency has turned to cloud computing as a way to quickly and affordably identify fraudulent payments, improving claims management and helping keep costs down.

In order to do this, Iowa Workforce Development teamed up with Pondera Solutions, a Google affiliate, to identify and prevent unemployment insurance fraud across the state. The program is designed to save Iowa millions of dollars.

“Fraud detection systems for government have been very difficult to use in the past, but when cloud and Google came along, the ability to throw massive resources at this problem, in addition to machine learning and web-based analytics, seemed to hold great potential for combating the issue,” Pondera CEO Jon Coss told Government Technology.

According to IWD, unemployment insurance fraud is a multi-million dollar a year problem that needs to be addressed. For example, South Carolina and New Jersey have dealt with combined losses near $50 million due to false unemployment claims and payments.

Gary Bateman, chief information officer for IWD, explained that Iowa turned to the cloud after realizing that technology provided an avenue for an increase in fraudulent claims, according to Government Technology.

Unemployment rate drops in Iowa
A declining likelihood of fraud in Iowa isn’t the only recent good news for the state’s many businesses and residents. According to IWD, the local unemployment rate has dropped as well, now at only 4.3 percent in April compared to March’s 4.5 percent.

“Iowa added a robust 5,600 jobs in April, bringing the state’s nonfarm employment to a record of 1,544,400,” said IWD director Teresa Wahlert. “Total employment surpassed the previous month’s record in April, reaching an all-time high of 1,621,300.”

In addition, IWD reported that the number of unemployed residents has started to slip – down from 75,800 in March to 73,700 in April. This also represents a year-over-year decrease from April 2013’s figure of 77,600. The private sector has been particularly strong as of late, including significant employment gains for the construction industry as well as trade and transportation.

Juggling tax rates and difficult employees can become challenging at your company. Here at Corporate Cost Control, we understand these problems and are well-positioned to help. Our extensive background in cost control and human resources will allow you to better manage your unemployment insurance expenses.


Contact CCC to see how we can save your organization time and money.
Contact our Sales Team
(800) 207-6926

Featured Videos

View All Videos

Latest News

Close

Sales

    Your Name:*

    Title:

    Company Name:*

    Company Address:

    Company City:

    Company State:

    Company Zip:

    Number of Employees:

    Your Email:*

    Phone Number:*

    Fax Number:

    Check the boxes below if you wish to receive information on any of the following:

    Unemployment Cost ControlTax Credits & Incentives (WOTC)Employment / Wage Verification

    Your Message:

    Employment & Income Verfication

      Your Name:*

      Title:

      Company Name:*

      Company Address:

      Company City:

      Company State:

      Company Zip:

      Number of Employees:

      Your Email:*

      Phone Number:*

      Fax Number:

      Your Message: