What Is Unemployment Claims and Cost Management?

Unemployment claims management is the process of effectively managing and responding to unemployment claims filed by former employees, including gathering documentation, presenting evidence, and contesting claims when appropriate, to minimize costs and ensure compliance with relevant regulations. Unemployment cost management refers to the process of effectively managing and controlling the costs associated with unemployment insurance (UI) for employers. Unemployment insurance is a government program that provides financial assistance to individuals who have lost their jobs. Employers are typically required to contribute to this insurance program through payroll taxes.