By Gordon Friedrich (The Reserves Network Vice President, Corporate Counsel) In previous articles, we have discussed how most states have taken federal loans to pay for the increased volume of unemployment claims. In Ohio for example, the totals loans currently exceed $2.4 Billion. Since there is no money to pay back the loans before the… Read More »
Month: August 2011
Post-Recession Hiring Challenges (TRN Commentary)
By Brad Qua (The Reserves Network Vice President, National Sales) The most recent recession has been more destructive to businesses and families than any recession in recent times, and we will all be feeling the repercussions of this economic downturn for years to come. One of the dynamics that we are seeing in the employment… Read More »
Ohio’s SUTA Deficit (TRN Commentary)
By Gordon Friedrich (The Reserves Network Vice President, Corporate Counsel) Each state has a trust fund into which is deposited unemployment insurance payments levied on employers based on their payroll and benefits paid to its former (unemployed) workers, similar to commercial merit-based insurance programs. It should be to no one’s surprise that Ohio’s state fund… Read More »
SUTA-The Iceberg that is Not On Anyone’s Radar
By Brad Qua (The Reserves Network Vice President, National Sales) Every day it seems like the newspaper lands on our doorstep with a new obstacle on the business horizon that threatens to sink our ships. We’re still unsure what the impact of the Federal Healthcare Reform Act, Healthy Families Act (Ohio) and the Free Choice… Read More »