Unemployment benefits
Unemployment benefits (depending on the jurisdiction also called employment insurance, unemployment insurance, or unemployment compensation; hereinafter, the Benefits) is a set of benefits designed to provide compensation to those employees who have been laid off or otherwise separated from employment.
Two major sources of the Benefits are the government and employers. Those Benefits that the employment law guarantees usually assume some waiting period and are available for only the laid-off; their recipients are expected to seek employment actively. Employer-sponsored benefits are commonly called the supplemental unemployment benefits plan.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Employment insurance. Established in 1935 and funded through payroll taxes paid by employers, the program is designed to provide compensation, after a brief waiting period, to those employees who have been laid off from employment. Recipients are expected to seek employment actively.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
