UTCA

Big Data, Big Confusion: What are your numbers telling you?

Analytics have infiltrated every aspect of our lives, for better or for worse. In many cases, it’s just plain confusing. What numbers should you focus on? What’s truly relevant and what is, for lack of a better term, just “fluff”? 

Holiday Help!

Many employers staff up during the last quarter of the year.  The increase in the number of people out and about, shopping during the holiday season, in turn increases the necessity for employers to hire.  Despite earlier prognostications that temporary seasonal jobs would not be as plentiful as last year, the retail industry added 159,000 jobs in October. Think about it, additional security is required at the mall; additional staff is needed to stock the shelves at night; additional employees are needed to pour the coffee and lattes for the shoppers during the wee hours of the night… 

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What do Prisoners & Millionaires Have in Common?

First, a warm up question: Who takes longer to find work after filing for unemployment compensation, Millionaires or Prisoners? This is actually a trick question because prisoners don’t qualify for unemployment.  Prisoners, by being incarcerated, fail to meet the standard of “ready for work” or “actively looking for work.” Yet, unemployment has been paid to prisoners, sparking a nation-wide crackdown on such fraudulent payments.  Millionaires are another story.  Hey, who isn’t ready or actively looking to be hired as a Millionaire?   How many Millionaires “qualified” for unemployment benefits when the financial markets hit the skids during the recent Great Recession?  Even in the face of separation packages in the millions of dollars, many institutions paid out unemployment benefits to very high wage earners.  Despite the clamor over the unemployment  insurance expenses for these two groups, the slowest legal group of claimants to return to work, and the receivers of the largest proportion of overpayments in the unemployment system constitute a third group; the Average Claimants whose household made under $50,000 per year. The majority of unemployment insurance payments – around 70 percent — go to these households, a figure recently reported by Bloomberg. Here’s a math test: If in any given year there happen to be 1,000,000 Average Claimants  (households earning under $50k) who happen to misfile beneficially and are consequently overpaid by $1,000 each, then how much systemic overpayment is that? That’s right. One billion dollars. Indeed, Department of Labor Statistics estimates that in 2012 overpayments nationally topped $4.8 billion. The waste basket was already full.

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Achieving Unemployment Savings & Good Corporate Citizenship

Isn’t this an oxymoron? The reality: Successful organizations aggressively and proactively manage their unemployment program and costs. They are engaged and knowledgeable as to trends and key data points ultimately impacting their unemployment spend, and then mobilize to make timely adjustments.  Indeed, employers who keep a keen eye on unemployment cost by maximizing effective solutions (UTCA… smile) for managing those costs strategically and in response to claim activity ARE good corporate citizens!  How could that be?

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UTCA Announces New Tag-Line to Reflect Growing Role

UTCA (Unemployment Tax Control Associates, Inc.) announced a change to their long-standing tag-line, the hallmark of their business philosophy, reflecting their commitment to client education.

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UTCA Promotes Timothy Phelan to Chief Legal Counsel

Unemployment Tax Control Associates (UTCA) is proud to announce that Timothy Phelan has been promoted to Vice President of Client Services and Chief Legal Counsel. Phelan, a resident of Lynn, MA, manages the Boston-based office of UTCA and also serves as Lynn City Council President.

With more than ten years at UTCA, Phelan’s new title reflects his increased role in managing internal UTCA legal issues. While Mr. Phelan will continue to handle select cases for UTCA’s client base, he will see a significant shift in his duties as he assumes a more strategic role with the company,

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Enthusiastic Clients Share 14th Client Update with UTCA

Unemployment Tax Control Associates hosted their 14th Annual Client Update at the Sheraton Monarch Place Hotel and Conference Center. The UTCA Q&A Game show format returned due to its popularity, along with guest speaker Ross Giombetti of Giombetti & Associates, Inc. and the always humorous and informative Atty.

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UTCA Celebrates 20th Anniversary at Annual Client Update

Unemployment Tax Control Associates (UTCA) again hosted their popular Annual Client Update at the Sheraton Monarch Place Hotel and Conference Center. This year’s program marked the 20th year anniversary of UTCA, founded by its President and CEO, Suzanne Murphy.  

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UTCA Featured on 21st Century Business TV Series

Multi-Media Productions (USA), Inc. is pleased to announce that Unemployment Tax Control Associates, Inc. (UTCA) will be featured on 21st Century Business.  

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