How do employers benefit from New Hire reporting?
Most notably, prompt and thorough reporting of new hires will cause a reduction and prevention of fraudulent unemployment and workers’ compensation payment. Timely submissions of new hire data will allow TDHS to match this data against its active unemployment claimant files and either stop payments or recover erroneous payments. Timely reporting of new hires will enable TDHS to locate non-custodial parents sooner and will decrease families’ dependence on public assistance.
A direct result of New Hire reporting is the reduction and prevention of fraudulent unemployment and workers’ compensation payments. Timely receipt of New Hire data allows each State to cross-match this data against its active unemployment claimant files and either stop payments or recover erroneous payments. States such as Tennessee, Texas and Virginia have already reported unemployment benefit savings in the millions of dollars. With 100 percent of employers reporting, every State should show significant savings in the future. How soon must I submit a report after hiring someone? Federal law gives each State the discretion to establish the timeframe within which employers must report new hires, but that timeframe must ensure that New Hires be reported within 20 days of hire. Thus, States are given the option of establishing reporting timeframes that may be shorter than 20 days. In the case of an employer transmitting reports magnetically or electronically, the employer must report by
. A direct result of the New Hire reporting will be the reduction and prevention of fraudulent workers’ compensation and unemployment insurance payments. Timely receipt of the new hire data allows Ohio to cross match this data against its active unemployment claimant files and either stop payments or recover erroneous payments. States already utilizing new hire data have reported unemployment benefit savings in the millions of dollars. With 100% of employers reporting, every state should show significant savings in the future.
