The Employment Security Commission is basically a joint venture between state and federal governments. It was established to address employment-related issues that are important to both private industry and the government as well. Employment Security Commission dates back to the early years of the Great Depression, when Franklin D. Roosevelt served as president of the United States.
The EEC was established so that the government would have a single agency to address employment security-related concerns. In order for the EEC to function properly, it needed to be implemented as quickly as possible. The reason for this is that the Great Depression had resulted in a massive spike in unemployment. Thus, having an employment security insurance program in place helped to alleviate some of the problems associated with the Great Depression.
How to apply for unemployment insurance, however, became the question on many heads. During those days, the idea of how to apply for employment security was not considered urgent or crucial. There was very little guidance available regarding how to prepare for the pre-employment security screenings. Most importantly, those with questions were typically directed toward the frequently asked questions on the form and where to direct their inquiries to. Very little, if any, direction was given as to how to apply for employment security.
Today, the process of how to apply for unemployment insurance has undergone drastic changes. First of all, the government has implemented mandatory participation in the wage report, as mandated by the EEC. The Wage Report, which is available for anyone who wants to review, contains important information regarding both hourly wages and weekly wages paid by the employer. The Wage Report is compiled labor market statistics, showing changes in employment since a previous reporting period. Both the EEC and the Secretary of Labor have released statements regarding how employers will compile and submit the Wage Report to the Department of Labor for inclusion into the Department’s database of domestic employment-related data.
With regard to this important data, the Secretary of Labor has clarified that an employer notice must be posted for three months before the actual beginning of the first regular employment period, if such notice is required by law. Furthermore, the Secretary has instructed that a posting of an “ectomy,” which is a notation that the date of birth of an employee, will now also be required prior to publishing the final wage report. Finally, there will be mandatory submission of a proof of residence statement to the Department of Labor upon the conclusion of each of the employer’s regularly scheduled sessions. The proof of residence statement must be submitted directly to the Department of Labor and must accompany the final wage report. If the statement indicates that the resident has moved since the submission of the form, the employer will now be required to submit an I-9 indicating such move.
Another significant update in how to apply for unemployment benefits is the extension of the unemployment benefit reporting period for all states. Currently, only seven states (Connecticut, Delaware, Florida, Hawaii, Kentucky, Maryland, Massachusetts, and New Hampshire) have enacted statutes extending their unemployment reporting periods. These statutes vary significantly in the specific aspects of their reporting requirements. For example, in Kentucky the one-month reporting period applies only to unemployed Kentucky workers. In other states, the one-year reporting period applies to all unemployed workers, including those who have been unemployed on and off throughout a longer period of time.
Even with these updated laws, there is still a great depression among unemployed Kentucky workers and their families. Many people are concerned about the lack of security provided by the unemployment insurance program after the great depression in nineteen eighties. Social Security does provide income for a short time, but the programs for providing long-term unemployment insurance have been unsuccessful. Even with the extensions of unemployment benefits, Kentucky’s work incentives for retraining or re-training workers have remained poor, with too few companies providing training opportunities or paying wages for employees who complete such programs.
A short term contract (often called K-CNS) is another option available for Kentucky residents who have difficulty finding gainful employment. K-CNS contracts specify the amount of income that will be shared between an employee’s widow and the employer. This option allows an employee to keep his or her job while receiving an agreed upon amount of income from a previously unemployed individual, which is often much less than the full unemployment benefits that a typical Kentucky worker would receive. In addition, the unemployment insurance program does not cover the cost of continuing education for K-CNS participants.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.