Layoffs

Layoffs often triple state unemployment tax costs, and their effect can impact costs for years.

Whenever a client is anticipating significant layoffs or location closings, Barnett Associates analyzes the effect on future unemployment tax cost. 

We also consider implementation of a Supplemental Benefit Plan to offset the employer's cost of severance.

Often layoffs occur in conjunction with the sale of a business. In these cases, we analyze scenarios which include the effect of a transfer of experience on the acquirer's cost versus retention of the reserves.