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
Downsizing
Employment Testing
Talent Acquisition
Ethical Practice
Health Care Benefits
Payroll
Mentoring & Coaching
Background Checks
Social Media
Technology
Business Continuity
Employee Surveys
Job Applications &
Fiduciary Duty
Organization & Employee Development
Whistleblowing
Employment Branding
Vendors & Software
Salary Surveys
HR Software
Disability Accomodations
Ethnicity
Consultation
Inclusion, Equity & Diversity
Artificial Intelligence
Communication
Leadership &
Electronic Records Management
Paid Leave
Retirement & Recognitions
Overtime Eligibility &
Change Management
Work Life Integration
Organizational Structure
Dependent Benefits
Succession Planning
Benefits Reporting & Disclosure
People Management
Analytical Aptitude
Disaster Preparation & Response
Promotion
Age
Drug & Alcohol Testing
Work Visas
Raise
Mental Health Benefits
Workers' Compensation
Leadership Development
Records & Reports
Performance Management
Tags
Article
Don’t Fall Prey to These Job Scams
When people are looking frantically for employment, scammers get a chance to exploit their weakness ...
10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis
Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...
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 ...
Why Work With Staffing Agencies To Hire Your Temporary Workers
Recruitment is getting more challenging day by day. Layers of complexities have emerged with the pa ...
Comments