Unemployment benefits worth $794 billion given out during the pandemic
As the state-sanctioned unemployment benefits under the CARES Act end this week, we look at what has been given so far. The unemployment benefits were like a safety net for the jobless. The programs created under the CARES Act which came into existence in March 2020 provided benefits to a historic level.
Policies created under the CARES Act helped replace the paychecks of people who were laid off due to the pandemic. The policies which became law raised weekly benefits temporarily from $300 a week to $600 a week, doubling the average weekly benefits. It was even more celebrated because the CARES Act took into consideration self-employed and gig workers who were not allowed to avail the traditional state unemployment benefits.
The $794 billion included bonus payments, state unemployment insurance, pandemic unemployment assistance, pandemic emergency unemployment compensation and
extended benefits.
Source: CNBC
Category
Retaliation
Termination
Intellectual Property
Performance Management
Substance Abuse
Open Enrollment
Benefits Reporting & Disclosure
Learning & Development
Career Development
Health Savings Accounts
Time Worked
Leadership &
Employee Engagement
Business Continuity
Sexual Orientation
Job Applications &
Severance Pay
Communication
Organizational &
Remote & Hybrid Work
HR Software
Risk Management
What it is like to work in?
Mental Wellness
Workplace Stories
Workplace Culture
Work Life Integration
Benefits Compliance
Mentoring & Coaching
Workforce Planning
Relationship Management
Leadership Development
Firing
Workplace Harassment
Employee Surveys
Employment Offers
Fiduciary Duty
Employment Contracts
Records & Reports
Raise
Downsizing
Retirement & Recognitions
Opening
Whistleblowing
Mental Health Benefits
Paid Leave
Disaster Preparation & Response
Salary Surveys
Ethnicity
Pay Equity
Tags
Article
25+ Hiring Strategies To Help You Source Talented Candidates
Companies have resorted to digital hiring processes to ensure health, safety, and convenience to jo ...
Did You Lose Your Job During COVID-19? Here’s What to Do
First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...
Top paying Careers in 2021
The economy may be taking its time with recovery, but hiring and job hunting are at an all-time hig ...
Tips for Staffing Agencies to Create a Competitive Advantage
Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...
Comments