2018 Unemployment Cost Facts for Nevada

2018 NV

 

What do state unemployment tax (SUTA) costs, claim costs and wage base amounts mean to your organization?

These factors could mean less money for your cause.

$587 Average SUTA Cost per employee

Factors used in calculating Nevada employer state unemployment rates have increased; therefore increasing the average SUTA cost per employee by 81% since 2009 to $587.

savings snipUnemployment Claim Stats

$11,414 Total Maximum Benefits

A claimant can collect up to a maximum of $11,414 on a single claim in Nevada

13.847% Unemployment Claim Overpayment Rate

Nevada’s fiscal year 2017 unemployment claim overpayment rate was 13.847%. equaling over $41 million.

$2.03 for every $1.00 SUTA Vs Benefits Paid

In 2017, employers in Nevada paid $2.03 in SUTA to the Department of Employment, Training and Rehabilitation for every $1.00 paid out unemployment insurance benefits.

First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. Click here or call (214) 360-2477 to request a free, no-obligation cost savings evaluation. Evaluations include a 2019 rate projection!