Department of Labor releases report on Unemployment System (UI) solvency for all states.
The state of Florida now allows PEOs to elect to use either a master experience unemployment rate or the individual UI rate of each of their clients. Once declared, the method cannot be changed and applies to all of the PEO’s existing clients and future clients.
State Unemployment Insurance costs to businesses will be escalating in 2011 and beyond. Business owners need to consider strategies that help contain SUTA costs. PEOs can offer a service that helps business owners contain these costs and make their business more profitable while improving their workforce.