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
Change Management
Discrimination
People Management
Sexual Orientation
Employee Handbooks
Mentoring & Coaching
Downsizing
Employee Resource Groups
Disaster Preparation & Response
Business Acumen
Age
Workplace Security
Talent Acquisition
Educational Assistance
Raise
Firing
Drug & Alcohol Testing
Recruiting
Work Visas
HR Software
Employee Data Privacy
Leave Management
Vendors & Software
Affirmative Action
Succession Planning
Leadership &
Retirement Benefits
Global Mindset
Contracts & RFPs
Salary Surveys
Whistleblowing
Inclusion, Equity &
Retention
Executive Compensation
Workplance Violence
HR Careers
Opening & Closing
Opening
Risk Management
Fiduciary Duty
Ethical Practice
Communicable Diseases
Privacy
Employee Relations
Job Applications &
Pay Equity
Benefits
Career Development
Disability Benefits
Family & Medical Leave
Tags
Article
With Remote Working Being the New Norm, How to Hire the Best remote Workers
Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...
How you can pay off student debt while you work
Student loan debt is a crisis that has been making its way through The United States for quite some ...
How Startups Can Ensure Success While Working With Freelancers
However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...
Tips To Help You Create A Robust Hiring Strategy For 2021
While employment is steadily rising in all sectors, the fear of COVID-19 still reigns supreme. As t ...
Comments