Businesses Bracing for Impact: Hawaii’s Unemployment Insurance Rate Increase
ALTRES Inc. CEO, Barron Guss provides a behind the scenes understanding of Hawaii’s Unemployment Trust Fund crisis for Hawaii Businesses and what's in store for the road ahead. 0:00 - "UI Background - How we got here" 8:36 - "Unpacking the Legislative Solutions" 17:56 - "UTF Solutions - The Elephant in the Room" Update - UI Relief Bill sent to Governor (2/24/21) On Wednesday, the legislature held a press conference regarding House Bill 1278 HD1 which won final passage on Monday and was sent to the Governor’s desk for signing this afternoon. HB 1278 HD1 seeks to expedite the State’s economic recovery by temporarily reducing the employer’s unemployment contribution rates to Schedule “D” for 2021 and 2022. To watch the press conference, click below. The pandemic has had far-reaching effects on all aspects of everyday life and Hawaii businesses are no exception and have experienced more than their fair…
