subject: Unemployment Insurance And Its Benefits [print this page] The law in the United States stipulates that all its citizens should be protected from instances such as unemployment. Federal law as well as the constitution contains clauses that specify that the people should not be forced to deal with these kinds of circumstances.
The Issues of Job Loss
Unemployment is certainly a big burden to bear. Suddenly, a person finds himself without the steady stream of income he has become so used to having. He may find himself at a loss about how to deal with the situation because he has to remain solvent while still managing to provide for himself and his family. Aside from this, he should also have an allotted budget set aside to be used while he is trying to find another job. Even though he is currently unemployed, he must do his best to appear professional and respectable at all times. This can greatly affect his chances of getting another job.
Government Provisions
What the government does is that they give the unemployed a small allowance so that he will still have some money to spend. This arrangement is only temporary, and the amount that is provided is not that substantial. Although the duration can be extended in special circumstances like when it is extremely difficult to get replacement jobs, it is not enough to support the person long term. During longer periods of unemployment, the best protection that a person can get is if he saved enough money in an unemployment insurance fund to purchase his own unemployment insurance.
Unemployment Insurance Fund to Keep a Person Afloat
During this time, any amount of money, no matter how small, can be of great help. It can provide for the family temporarily, although not at the level of comfort that they are accustomed to. Aside from this, the money provided by the insurance company can be used on the job hunting process. Although the unemployment insurance fund received by the policy holder is not that big, it certainly goes a long way in supporting the policy holder and his dependents in this difficult time. This unemployment insurance fund is given at regular intervals so the policy holder can be sure that he has a steady stream of income that he can use all throughout this period.
More Benefits of Unemployment Insurance
Another indirect advantage of getting unemployment insurance is that since a person is assured that his family is more or less taken care of while he is receiving the unemployment insurance fund, he is not pressured to take the first job that comes along. He more or less has the luxury to choose between possible jobs and take the one that he likes best. This way, he doesnt have to get a position that does not utilize his skills and talents. He can find a job that provides enough compensation for the level of work he can provide. This allows the person to get back on his feet in a short amount of time. Also, if he chooses a job that he really wants, there is less chance that he will resign or get terminated and lose his job again.
by: Shane Luise
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