Employee Benefits
Mar. 11, 2011
Employers Waking Up to Cost of Layoffs
Employers in California are starting to grapple with more costly unemployment insurance in light of the continued high rates of joblessness and the growing state deficit to federal government.
By Catherine Ho
Daily Journal Staff Writer
While navigating the worst recession in decades, many employers in California turned to mass layoffs.
Now those employers - including companies that have been hiring workers lately - are grappling with a hidden cost to that strategy: high and rising unemployment insurance rates.
Those rates, despite representing a relatively small percentage of total employer costs, could discourage some bu...
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