How Supplemental Unemployment Drives Employee Retention

How Supplemental Unemployment Drives Employee Retention

Offering supplemental unemployment benefits (SUB) to your team is one of the best ways to drive employee retention. Providing a steady stream of income to your workers while they’re laid off, on top of the state unemployment benefits they might qualify for, gives them money when they need it most. This fosters a sense of company loyalty and keeps employees committed to you when work temporarily dries up.

DirectAdvisors Podcast #1 – The Power of Supplemental Unemployment Benefit Plans During COVID-19

DirectAdvisors Podcast #1 – The Power of Supplemental Unemployment Benefit Plans During COVID-19

Supplemental Unemployment Plans can provide compensation to employees beyond state unemployment insurance during lay off periods. SUB plans can help ease the financial stress of layoffs, generate peace of mind and worker loyalty, and offer significant tax advantages compared to severance pay. To learn more, please listen to our podcast, where we discuss how a SUB plan can be beneficial in such a difficult time.

Benefits of a Supplemental Unemployment Plan During the Coronavirus Pandemic

Benefits of a Supplemental Unemployment Plan During the Coronavirus Pandemic

Supplemental Unemployment Plans can provide compensation to employees beyond state unemployment insurance during lay off periods. SUB plans can help ease the financial stress of layoffs, generate peace of mind and worker loyalty, and offer significant tax advantages compared to severance pay.

Opportunities For Road and Bridge Contractors

Opportunities For Road and Bridge Contractors

In New York State, many roads and bridges remain structurally-deficient due to years of inadequate funding and climate change. New infrastructure repairs and replacements must accommodate the effects of climate change, spiking project costs by up to seventy-five...
Essential Requirements of SUB Plan

Essential Requirements of SUB Plan

With some limited exceptions, all SUB plans seeking to meet the qualifications to be exempt from wages (and therefore exempt from FICA and FUTA taxes) must be substantially the same or identical to those described in Rev. Rul. 56-249, as modified by Rev. Rul. 90-72....