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
Employment Branding
Payroll
Employee Handbooks
Bonuses & Incentives
Workers' Compensation
Job Applications &
Leadership &
Open Enrollment
Downsizing
Workplace Wellness
Time Worked
Organization & Employee Development
Inclusion, Equity & Diversity
Closing
Retirement & Recognitions
Benefits Reporting & Disclosure
HR Careers
Policies & Practices
Labor Relations
Career Development
Hiring & Firing
Employee Surveys
Parental Leave
Artificial Intelligence
Mentoring & Coaching
Disability Accomodations
Consultation
Unemployment Benefits
People Management
Paid Leave
Drug & Alcohol Testing
Sexual Orientation
Religion & Spirituality
Employee Relations
Relationship Management
Organizational &
Pay Equity
Eligibility Verification (I-9)
Disaster Preparation & Response
Onboarding
Benefits
Succession Planning
Sexualy Harassment
Employment Law & Compliance
Affirmative Action
Workplance Violence
Vendors & Software
Business Continuity
Records & Reports
Promotion
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 ...
The Future of Gig Employment
There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...
Return to Office: Tips to cope with Change
The past two years have been a roller coaster ride, we’ve all acclimatized ourselves with the work ...
What Are the Costs to Consider While Planning A Recruitment Budget?
If your organization is on a hiring spree too, one of the key things to consider is the recruitment ...
Comments