Wednesday, August 8, 2007

Severance Insurance

How could severance insurance benefit the state unemployment insurance trusts?
  • Reduce UI claims by reducing unemployment duration, i.e. getting people back to work more quickly

Interesting to note here that service severance has potential quantifiable value not only to displaced workers and their former employers but also to the state UI trusts, which in turn should realize savings through the reduction in benefits paid and, as a result, be able to lower premiums and benefit the corporations that are paying those premiums; a rather circular set of relationships.



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