2018 Unemployment Cost Facts for Nevada

May 14, 2018

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!

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Testimonials

NYCON members who use First Nonprofit’s programs enjoy enduring savings and improved efficiency. Our association knows that success, because from the beginning, we achieved the same great benefits. Great savings, seamless technology, and responsive service. NYCON highly recommends First Nonprofit’s remarkable unemployment solutions.

New York Council of Nonprofits, Albany, NY

We were introduced to First Nonprofit through another housing authority. In our analysis and comparison to what we were paying the State, our first year savings was $5,800 plus. We have been with them since the end of 2008 and I am glad we have been. I consider them an arm of our HR department.

Kankakee County Housing Authority, Kankakee, IL

Because INCS advocates for the operating conditions that allow charter public schools to provide high quality public education, partnering with First Nonprofit was an easy decision. First Nonprofit’s unemployment programs provide our member schools two operating elements crucial to their ability to provide high quality public education: savings and budget certainty. Capable, committed teachers are the key to student success. By participating in the unemployment insurance savings plan, charter public schools gain peace of mind and are able to invest more money in their teachers.

Illinois Network of Charter Schools

Throughout our membership in the Unemployment Savings Program, First Nonprofit understood our demands, community dynamics, and the importance of seamless services; that allowed us to serve our constituents better.

Hugh Parry, Retired President of Prevent Blindness America