Ways of solving the unemployment crisis are many, and some of them include reducing the benefits of the unemployed, increasing the work benefits, getting rid of the minimum wage and encouraging those who are not employed to take any job. Germany adopted this kind of approach to solve the unemployment crisis in the country, and the rate of unemployment drastically dropped.Know More
Raising the wages of the employees whose pay is low encourages many people to take any type of job. On the other hand, reducing the wages of the lowly paid employees raises the rate of unemployment.
Many companies have employment vacancies, but the main problem they are facing is the lack of an experienced labor force. Retraining employees is a good way of acquiring a skilled labor force. However, even though it is difficult for the retrained employees to get hired in different industries, retraining helps in creating jobs in that particular line of specialization.
Another major cause of unemployment is the lack of hands-on experience. Though going to school plays a major role in solving this problem, it does not exclusively eliminate it. A nationwide apprenticeship program would be a better way of curbing the problem whereby willing companies are allowed to train apprentices in new skills suitable for the job market.Learn more about Social Services
An individual can apply for unemployment in Maryland either by applying over the phone or online at Maryland's government unemployment website. The unemployed individual must file a claim to be considered for receiving unemployment assistance.Full Answer >
To apply for unemployment benefits, find out if you are eligible, gather all the needed documentation and fill out and return the application. Begin looking for a job to maintain your eligibility for benefits.Full Answer >
The New York state government provides temporary income for qualified workers who lose their jobs through unemployment insurance. To receive benefits, a worker cannot lose his job because of his own actions. The recipient must continue his job search each week he collects the benefit.Full Answer >
Cashing out your 401(k) may make you ineligible for unemployment benefits completely, but the details vary from state to state, claims Vitaver Staffing. Withdrawing a 401(k) while unemployed has other disadvantages, too, including income taxes and a 10 percent penalty for those under 55.Full Answer >