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Unemployment 2 ppt


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Unemployment 2 ppt

  1. 1. What is the EI (Unemployment Program)?<br />- Provide compensation to workers who lose their jobs due to circumstances not of their own making and not through misconduct<br />Who Qualifies for EI?<br />- The applicant can’t have caused his own unemployment.<br />- Applicants who are let go because of poor job performance do not qualify for EI<br />- The applicant cannot willingly quit their job, for anything other than medical reasons, and qualify for EI.<br />- The applicant must have been employed for a specific period of time, the length is determined by each state.<br /><ul><li>If you have been disabled and can’t work again, you do NOT qualify for unemployment.</li></ul>- Applicants must be:<br /> <br /> - Physically capable of working<br /> - Ready to accept work that’s offered<br /> - Be actively looking for work<br />
  2. 2. Unemployment benefits include the following: <br /> In order to continue receiving EI benefits, you must:<br />- Make weekly, bi-weekly reports to let states know you are actively seeking employment or have found a job<br />- Come to the claims office as required – To attend employment workshops or employment services to help you find a new job.<br />
  3. 3. Unemployment benefits are calculated by:<br />- EI benefits are calculated using the amount of money you earned in the base period, which is a specific 12 month period.<br />- Your weekly amount is calculated based on the three month base period in which you earned the most money.<br />How long can individuals receive unemployment benefits?<br /> <br /> - The EI benefits are available for a period up to one year after the claim is filed.<br /> - The number of weeks benefits will be received will vary between 12 to 26 weeks.<br /> <br />Note: Unemployment benefits are taxable.<br />
  4. 4. What types of unemployment benefits are available?<br />- Unemployment compensation for federal employees<br />- Unemployment compensation for ex-service members<br />- Trade readjustment allowances<br />- Extended benefits<br />- Self-Employment assistance<br />- Disaster employment benefits<br />
  5. 5. What should I do if I am laid off? <br />- Understand your financial picture<br />- Calculate your weekly and monthly expenses<br />- Find ways to reduce costs<br />- Deal with debts you may or may not be able to pay off<br />- Consider borrowing money from family<br />- Contact an expert <br />
  6. 6. Filing Bankruptcy can help individuals who are unemployed<br />- Bankruptcy was designed to help those who are overwhelmed by their financial problems<br />What are the benefits of declaring bankruptcy?<br />- Clear your outstanding debts and have your debts reorganized so that you can manage them<br />- People you owe can no longer harass you for money<br />- Emotional stress of debt will be relieved<br />- Clean slate to rebuild your credit<br />The disadvantages of declaring bankruptcy include:<br />- Stigma attached to declaring bankruptcy<br />- May lose your assets <br />- Dealing with major lifestyle changes<br />- It can be harder to get credit again<br />- Self-Esteem problems associated with declaring bankruptcy<br /> <br />
  7. 7. When Should You File for Bankruptcy?<br />- When you have tried to reduce your debt without the courts intervening and cannot do so.<br />- Debts are so large that they can’t be repaid within 5 years.<br />- You are spending your retirement money to survive.<br />- When changes to your mortgage create a larger payment than you can afford to make.<br />- When you have mostly unsecured debt, as in credit card or medical bills.<br />- When you are borrowing from one lender to pay another.<br />
  8. 8. Why should I choose an attorney?<br />- The right attorney can help you manage a heavily emotional situation<br />- The right attorney understands the bankruptcy policy and how it can best benefit you<br />- The right attorney can help you save more in the long run<br />- The right attorney cares about your financial future <br />
  9. 9. Get Control of Your Employment Future:<br />- Consider a career counselor or coach<br />- Take an aptitude test to evaluate your skills<br />- Conduct a self-assessment to determine your best talents<br />- Learn from your previous jobs<br />
  10. 10. How to find the perfect job? <br />- Develop a Plan <br />- Search for jobs in traditional and nontraditional places<br />- Scour the Internet- Be creative to find jobs<br />- Research Employers and be prepared for interviews<br />
  11. 11. Who should I develop a job network with? <br /> - Friends<br /> - Relatives<br /> - Neighbors<br /> - Acquaintances<br /> - Co-workers<br /> - Business people in your previous industry<br /> - Professionals (doctors, lawyers, dentists, teachers)<br />
  12. 12. When considering your resume: <br />- Make sure your resume clearly represents your skills, experience, and goals<br />When considering your cover letter:<br />- Let your cover letter tell potential employers about you and your goals<br />- Use your cover letter to highlight skills and talents not mentioned in your resume<br />
  13. 13. Tips to apply during an interview:<br /> - Sit properly<br /> - Use proper table manners<br /> - Bring a copy of your resume, cover letter, and references<br /> - Dress appropriately<br /> - Be on time<br /> - Make sure your body language shows your interest <br />- Prepare questions for your potential employer<br />
  14. 14. How can Allmand & Lee Help you?<br />- Allmand & Lee is committed to helping families during financial crisis<br />- Allmand & Lee care about their clients and wants to ensure they benefit from their services<br />- Allmand & Lee can help you find solid financial ground<br />Contact Allmand & Lee today:<br />214-884-4176 <br />