Difference between revisions of "Unemployment benefits"
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| − | [[Unemployment benefits]] (depending on the jurisdiction also called [[employment insurance]], [[unemployment insurance]], or [[unemployment compensation]]; hereinafter, the ''Benefits'') is a set of benefits designed to provide compensation to those [[employee]]s who have been laid off or otherwise separated from [[employment]]. | + | [[Unemployment benefits]] (depending on the jurisdiction also called [[employment insurance]], [[employee unemployment insurance]], [[unemployment insurance]], or [[unemployment compensation]]; hereinafter, the ''Benefits'') is a set of benefits designed to provide compensation to those [[employee]]s who have been laid off or otherwise separated from [[employment]] with no fault of their own. |
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==Sources== | ==Sources== | ||
Two major sources of the ''Benefits'' are the government and employers: | Two major sources of the ''Benefits'' are the government and employers: | ||
| − | #Those ''Benefits'' that the [[employment law]] guarantees usually assume some waiting period and | + | #'''State-paid benefits'''. Those ''Benefits'' that the [[employment law]] guarantees to the laid-off; usually, they assume some waiting period and their recipients are expected to seek employment actively. |
| − | #Employer- | + | #'''Employer-paid benefits'''. In the [[United States]], the [[Internal Revenue Service]] ([[Internal Revenue Service|IRS]]) can qualify those [[supplemental unemployment benefits plan]]s that maintain weekly income for permanently or temporarily displaced employees as [[tax-exempt]]. |
==Related concepts== | ==Related concepts== | ||
Latest revision as of 17:37, 25 March 2020
Unemployment benefits (depending on the jurisdiction also called employment insurance, employee unemployment insurance, unemployment insurance, or unemployment compensation; hereinafter, the Benefits) is a set of benefits designed to provide compensation to those employees who have been laid off or otherwise separated from employment with no fault of their own.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Employment insurance. Established in 1935 and funded through payroll taxes paid by employers, the program is designed to provide compensation, after a brief waiting period, to those employees who have been laid off from employment. Recipients are expected to seek employment actively.
Sources
Two major sources of the Benefits are the government and employers:
- State-paid benefits. Those Benefits that the employment law guarantees to the laid-off; usually, they assume some waiting period and their recipients are expected to seek employment actively.
- Employer-paid benefits. In the United States, the Internal Revenue Service (IRS) can qualify those supplemental unemployment benefits plans that maintain weekly income for permanently or temporarily displaced employees as tax-exempt.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
