|
|

North Carolina Unemployment Compensation: What you need to know

Virtually all employers are covered by North Carolina’s Employment Security Law and are therefore subject to the state unemployment insurance tax (NC Gen. Stat. Sec. 96-1 et seq.).
For a Limited Time receive a FREE HR Report on the "Critical HR Recordkeeping”.  This exclusive special report covers hiring records, employment relationships, termination records, litigation issues, electronic information issues, tips for better recordkeeping, and a list of legal requirements.  Download Now
The law excludes certain services from coverage, including, for example, services provided by:
• Independent contractors;
• Certain employees of governmental entities or nonprofit organizations; and
• Certain real estate brokers and securities salespersons (NC Gen. Stat. Sec. 96-1).
Taxable wage base. The Division of Employment Security must determine the taxable wages for each calendar year (NC Gen. Stat. Sec. 96-9.3).
Rates. To find the current tax rate, visit https://desncc.com/deshome. New employers pay a certain set percentage.
Experience ratings. After a new employer period, an employer receives an “experience rating” that determines its tax rate for the coming year. The rating is calculated on the basis of the total amount of taxes paid in, the total amount of benefits paid out, and the size of the taxable payroll. A relatively low volume of unemployment claims yields a lower tax rate.
Base-period employment. Benefits paid are charged to the accounts of those that employed the claimant during the “base period,” which consists of the first 4 of the 5 calendar quarters immediately preceding the claim (NC Gen. Stat. Sec. 96-1).
Alternate base period. An individual who cannot establish a claim based on the normal base period will be moved automatically to an alternate base period consisting of the last 4 completed calendar quarters before the quarter in which the claim was filed (NC Gen. Stat. Sec. 96-14.1).
Employee contributions. ...

>> Read more about Unemployment Compensation

Related Topics

More on this topic:

State Requirements

National | Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming |

North Carolina Unemployment Compensation Resources

Unemployment Compensation Products

Market-Based Compensation in 2012 Webinar Recording
BLR Webinar: "Market-Based Compensation in 2012: How to Attract and Retain the Best Employees""
Practical Market-Based Compensation Webinar Recording
BLR Webinar: "Practical Market-Based Compensation: How to Structure Pay Practices that Attract and Retain the Best""
Mastering FMLA, ADA, and Workers' Comp Webinar Recording
BLR Boot Camp: "Mastering the FMLA, ADA, and Workers' Comp Overlap: A Boot Camp for HR Professionals""
Pay Practices for Interns and Seasonal Workers Webinar Recording
BLR Webinar: "Pay Practices for Interns and Seasonal Workers: Essentials for Managing Summer Help""
Interns and Seasonal Help Webinar Recording
BLR Webinar: "Interns and Seasonal Help: Making the Grade with Your FLSA Compliance Obligations""
Free Special Reports
Get Your FREE HR Management Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Critical HR Recordkeeping

Record retention is complex and time consuming. However, in addition to complying with various federal and state laws, keeping good, well-organized records can be very helpful in documenting and supporting an organization’s employment actions.
Download Now!


This special report will discuss how you can ensure your records are in good order, and establish a record-retention policy.

Topics covered:
1. Hiring Records
2. Employment Relationships
3. Termination Records
4. Litigation Issues
5. Electronic Information Issues
6. Tips for Better Recordkeeping
7. A List of Legal Requirements

Make sure you have the information you need to know to keep your records in order.