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Tag: unemployment

How to recession-proof career with education

How to recession-proof career with education

Career
Wondering how to recession-proof a career is on many minds today. This is a result of the current state of the economy and the high unemployment rate in this country. Fortunately, some employment has bright areas, while others are searching for the light at the end of the tunnel – a recovering economy. As a result, many people are exploring continuing education opportunities for improving their job skills. Enrolling in continuing education programs provides the best opportunity to learn the latest trends in a career field, along with improving on the foundation of current employment skills. This is important regardless of trying to recession-proof a job or not. Employers retain employees who are aware of the latest industry trends which facilitate increased productivity and improve ...
Proven strategies to cope layoff

Proven strategies to cope layoff

Career
In the months, weeks, and days leading up to a "restructuring", the stress levels within the company escalate as rumors spread and tensions build. When the day finally arrives, many people are actually relieved to be laid off. If they are lucky, they receive a severance package that will give them some breathing space while they refocus and look for another job. They often qualify for employment insurance benefits, and they have the sympathy and support of their friends and family. After the initial period of shock, grief, sadness, and anger, most people recover from being laid off and move on to more satisfying employment opportunities. The Effects of Downsizing on Layoff Survivors But what about those they leave behind? Beyond the pep talk they receive on the day many of their ...
Understanding accident sickness and unemployment insurance

Understanding accident sickness and unemployment insurance

Finance
Many people take out a wide range of insurances including life cover and an array of medial and healthcare insurances. However, with the economy in its current state, now may be the time to consider additional levels of insurance, such as accident sickness and unemployment insurance. Why Take Out Accident Sickness and Unemployment Insurance? Accident sickness and unemployment insurance are designed to protect one from a fall in income, should one be subject to one of the three conditions which would prevent an individual from attending one’s normal occupation. Whilst in many countries, such as the UK the state will provide a comprehensive package of benefits if such unfortunate events arise. There is still the consideration that such benefits will not allow an individual to li...
How unemployment insurance works in the States

How unemployment insurance works in the States

Career
In the midst of staggering unemployment and poverty during the United States’ Great Depression arose a New Deal and new legislation aimed at bolstering a battered and torn economy. The Social Security Act of 1935 created a safety net for Americans who needed financial assistance for unemployment, disability, retirement, and other life situations where they may find themselves without an income through no fault of their own. In 1939, the Federal Unemployment Tax Act (FUTA) set the unemployment compensation-related provisions of the Social Security Act into motion, creating a joint state-federal program of unemployment insurance. According to the U.S. Department of Labor, FUTA authorizes the Internal Revenue Service (IRS) to collect a federal employer tax in order to fund state workfo...
Global financial crisis promotes frugal living

Global financial crisis promotes frugal living

Finance
The media is rife with stories of the negative impacts of the Global Financial Crisis, but there have been many new developments of a more positive nature that do not get coverage in the tabloids or gain airtime in the electronic media. Upside to the GFC - Lower Interest Rates Increase Housing Affordability Interest rates are down, considerably. The cost of a mortgage is well down on the rates being charged just eighteen months ago. Monthly repayments on variable mortgages are lower in line with lower interest rates, and if the repayments have remained the same the principal of the loan is reduced as the interest component of the repayment is a lesser proportion of the monthly installment. This allows the homeowner to get ahead, and create some contingency to delay payments for a whi...