Across the country, employers depend on quality labor, timely sharing of information and a collaborative atmosphere between state and federal agencies in order to manage costs and improve productivity. Without these elements, it would be much harder to control unemployment insurance expenses and ensure a solvent business.

Achieving these goals requires early intervention. Employers must invest in training programs to foster high-quality workers, and bringing in the best talent is one of the easiest ways to mitigate a high number of unemployment claims. In order to assist in this process, the U.S. Department of Labor has implemented a series of grants under the Workforce Quality Initiative. These funds are available to many states as a way to connect workforce and education data and improve training services.

Recently, the DOL announced a new round of funding to the tune of nearly $6 million in grants. Using this money, six states will acquire the needed capital to improve their workforce databases.

“This federal funding will help states collect high-quality data to improve their employment and training services,” said U.S. Secretary of Labor Thomas Perez. “Workers will also benefit by gaining access to information so that they can identify which job training program will best serve their needs.”

With this program in place, improvements are expected in education and employment training programs, the quality of related information and increased consumer services. The end result could be a stronger economy and a more collaborative culture between state and federal governments, as well as employers and workers.

Productivity begins to trend down
Focusing on improving businesses and the quality of labor in the U.S. is an admirable goal. Ideally, methods such as the Workforce Quality Initiative would enhance the labor force substantially.

Over the past several months, productivity has actually started to trend down. According to the U.S. Bureau of Labor Statistics, nonfarm business sector labor productivity slipped at a 3.2 percent annual rate over the first three months of 2014. This comes as hours ticked up 2.2 percent and output dropped 1.1 percent. These changes are the most significant experienced since the first quarter of 2008, and productivity had increased slightly between the start of 2013 and the beginning of 2014.

At Corporate Cost Control, we work closely with employers across the country to better manage the nuances of unemployment insurance. Legislation changes on the state level could impact you today, and we welcome any questions or concerns you may have on a wide range of topics.


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

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