Way Signs "Outsourcing - In-House Solutions"

As a company grows, there are many business functions that can be outsourced so you can focus on your core operations. Unemployment cost management certainly fits this mold. It can be easily outsourced, and your organization should see a significant return on investment. Here are the reasons you should outsource your unemployment program to a third party.

Transparency: Most employers who handle their unemployment programs do not have reliable data about their program. They don’t know how many claims they have and how effectively they’re managing them. More importantly, employers do not know how their claims administration is affecting their unemployment tax rates. An unemployment TPA can provide you with accurate claim and hearing volumes as well as your unemployment key performance indicators like a win, compliance, and protest percentage.

Compliance: Unemployment insurance is a federally mandated program that is implemented at the state level and complying with each state’s rules, laws, and requirements can be a burden for your HR and payroll departments. Outsourcing UI administration to a TPA allows you to focus on your core business functions and avoid monitoring the changes to the unemployment legal landscape.

Administration Savings: Responding to unemployment claims and participating in unemployment hearings can be extremely time-consuming, especially for employers with high turnover. Most employers find it cheaper to outsource unemployment administration than to manage the process effectively internally.

Unemployment Tax Savings (Most Important): The most compelling reason to outsource your unemployment program is the potential unemployment tax savings a good unemployment TPA will generate for your company. Your unemployment TPA should help you set up an effective process to manage your unemployment claims and hearings that uses both technology and UI expertise improve your win, compliance, and protest percentages. Effective claims and hearings administration is the first step towards reducing your unemployment tax rates. An unemployment vendor should also review your unemployment tax rates to ensure they are correct and protest any erroneous charges. What’s more, your TPA can explore tax strategies like voluntary contributions and joint accounts, which can lower your unemployment tax burden further.


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: