What ever happened with the CEOs threatening to fire people if Obama was re-elected?

[Jim in CT]

Originally Posted by likwid

Companies ARE required to pay FUTA and state unemployment tax.
Therefore, they're still paying.

You should look into labor law if you have anyone under you. Quickly.

Haven't heard of any wrongful termination lawsuits because of the election, I'm sure they'll turn up sooner or later. Although, wrongful termination lawsuits are usually kept VERY quiet due to privacy of both parties concerns.

What's FUTA?

So the companies pay FUTA and unemployment tax if someone gets laid off, but not if they get fired?

I have several people who report to me. But I don't need to know about such things, that's why we have an HR department at my company.

[likwid]

Originally Posted by Jim in CT

What's FUTA?

So the companies pay FUTA and unemployment tax if someone gets laid off, but not if they get fired?

Federal unemployment tax.
Termination can be contested, if determined to be "wrongful" the person can collect unemployment, and it goes against the company record considering unemployment tax is factored by both employee numbers and attrition rates.

I have several people who report to me. But I don't need to know about such things, that's why we have an HR department at my company.

Thinking its only HR's responsibility to understand workers rights is a sure fire way to end up in an unemployment hearing.