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Nuts & Bolts of Unemployment

Jan 03, 2016

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Nuts & Bolts of Unemployment. The Unemployment Safety Net. Yes, it can be scary. But, it’s not the end of the world!. Unemployment Insurance. Unemployment compensation (or unemployment insurance - UI) is a way of receiving monetary income even after losing your job. - PowerPoint PPT Presentation

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Nuts & Bolts of Unemployment

The Unemployment Safety NetYes, it can be scary. But, its not the end of the world!

2Unemployment InsuranceUnemployment compensation (or unemployment insurance - UI) is a way of receiving monetary income even after losing your job.

All states have a UI program.

Taking advantage of UI is a great way to stay on your feet while searching for a job. You wont have as much income as you did while working, but it will help you get by in the interim.

Unemployment compensation (or unemployment insurance) is a way of receiving monetary income even after losing your job. All states feature an unemployment insurance program. 3How Much Does Unemployment Insurance Pay?The amount you will receive is usually based on how much you earned while most recently employed.

You will typically receive a weekly payment for half a year (26 weeks) as long as you remain eligible.

The amount varies by state and in the District of Columbia and is usually determined by a formula using amounts based on previous wages. 4Who Can File An Unemployment Claim?Many states have restrictions on the kinds of job loss that unemployment insurance protects against.

Workers who quit voluntarily without showing cause, or who are fired from their job for misconduct, for example, may not be eligible for full benefits (or, in some cases, any benefits at all).

In addition, some states require that you register in a state job-search database in order to receive your compensation.

5Unemployment Insurance Resources to Get You Back in the Game.Democratic GAIN forTips on surviving unemployment &State-by-state UI links and infohttps://www.democraticgain.org/?page=unemploymentbenefits New Mexicos department of labor website for: information on training events, job search advice, & online UI filinghttps://www.jobs.state.nm.us/gsipub/index.asp?docid=22 6What About Your Health Insurance?Continuing some kind of health coverage is a must! As a newly unemployed person, youll have up to THREE options for health insurance before you find your next job:7Option 1: COBRACOBRA provides temporary continuation of group health coverage at group rates to certain former employees, retirees, spouses, former spouses, and dependent children.

This coverage is only available when coverage is lost due to certain specific events like termination of employment. 8How Much Does COBRA Cost?Group health coverage for COBRA participants is usually more expensive than health coverage for active employees, since usually the employer pays a part of the premium for active employees while COBRA participants generally pay the entire premium themselves.

Depending on the size of your group, employer contribution, and covered benefits, COBRA coverage can be more expensive than individual health coverage.

COBRA is normally paid one month at a time so you can sign up for COBRA while you figure out all of your options.9How Do You Become Eligible for COBRA?To be eligible for COBRA coverage, you must have been enrolled in your employer's health plan when you worked and the health plan must continue to be in effect for active employees.

COBRA continuation coverage is available upon the occurrence of a qualifying event that would, except for the COBRA continuation coverage, cause an individual to lose his or her health care coverage.10How Do You Elect COBRA Coverage?Your employer must notify plan administrators of your termination/reduced hours of employment within 30 days.

You generally must be sent an election notice not later than 14 days after the plan administrator receives this notice.

You then have 60 days to decide whether to elect COBRA continuation coverage. The person has 45 days after electing coverage to pay the initial premium.11Option 2: Individual Health InsuranceNew Mexico State Health Exchange

New Mexico Health Connectionshttp://www.mynmhc.org/

Open Enrollment for 2015 begins November 15, 2014

12Option 2: Individual Health InsuranceDepending on your circumstances, individual health insurance can be less expensive than COBRA.

The best way to determine your costs and compare benefits available is by working with an insurance broker.

Democratic GAIN offers members access to individual health insurance support. Compare rates and benefits, determine if individual vs. COBRA is right for you, and find the best plan to suit your needs!

13Navigating the Individual Health Insurance MarketGetting your insurance quotes through Democratic GAINs member portal is a quick & easy process:

Open an inquiry through our member portal at www.DemocraticGAIN.org Youll receive a response in 24 hours with follow up questionsYoull have quotes from 3-5 different plans within 3-5 days (often sooner) Our insurance broker will help you navigate these options and choose the plan that best meets your needs

14Option 3: Your Parents Plan*Thanks to the Affordable Care Act, if you are under 26 you are still eligible for coverage as a dependent on your parents health insurance plan

Same Benefits/Same Price. If you are under 26, you are eligible for ALL of the dependent benefits the plan offers. You cannot be required to pay more than other dependents!

Visit https://www.healthcare.gov/young-adults/coverage/ for more information

15How Do You Get On Your Parents Plan?You can join or remain on your parents plan even if you are:

marriednot living with your parentsattending schoolnot financially dependent on your parentseligible to enroll in their employers plan

16Healthcare.gov Resources to Protect Your Health Coverage.US Department of Labor website for: FAQ to answer all of your questions!A full Guide to Health Benefits Under COBRA

www.dol.gov/ebsa/COBRA.htmlwww.DemocraticGAIN.org/GAINPlanResourcesAll of these resources and more can be found on Democratic GAINs GAIN Plan Resource Page:https://www.healthcare.gov/young-adults/coverage/17The Job Search

Finding a JobThe professional association for progressives providing training & support for individuals & organizations.Join to GAIN access to all the benefits we offer, including:Job Board & Talent BankCareer Counseling & Resume Resources Calendar of Trainings & Networking OpportunitiesJoin the free JobsThatAreLEFT listserv for daily job updates!

19Before You Start Your SearchEvaluate:What did I enjoy about my last job? What did I hate?What are my skills? What do I need in my next job? Financial requirementsScheduleLocationBenefitsWhat do I want in my next job? More moneyAdditional job responsibilitiesA promotionWhere do I want to be in 5 years?

20Before You Start Your SearchResearch:What is the mission?Who is the leadership?What is the governing structure?Who makes decisions and how?What are the benefits?What does the position entail?

Prepare:Resume & Interview Skills

21Resume + Cover LetterBasic Resume ContentCONTACT INFORMATIONName, Address, Phone Number, Professional Email AddressEXPERIENCEHighlightsProfessional Experience Education (Post High School only)SKILLSAdditional Qualifications: Computer Skills, Language Skills, Research/Writing Experiences, Training/Public Speaking SkillsTrainings: NOI, PCCC, Mid-West Academy, EMILYs List, etc.

23You ShouldTailor your resume to the position/organizationKeep it short1 page (10 years work experience or less)2 pages (10-20 years work experience)3 pages (20+ years work experience)List job title, employer, dates worked & locationFact check yourselfKeep it clean, concise and reflective of your experience

24Best PracticesHighlight accomplishments vs. tasks you performedUse action verbs to describe responsibilities & experienceWrote, managed, researched, directed, oversaw, coordinated, produced, increased, implemented Use numbers to quantify experienceManaged a team of 3 interns and more than 20 volunteers over a three week period.Directed GOTV effort and increased turnout by 15% over previous election year

25Getting it Out ThereSend as a PDFAddress to a specific person at the organization, if possibleInclude a cover letter Make sure all of your documents matchName the files appropriately!

Good Examples:Smith_John Resume.pdf John Smith Resume.pdf

Bad Examples:My resume.docPolitical resume.pdf Resume12.doc

26Writing A Cover LetterBegin by addressing to someone specific. Find out who will read your letter. If you dont know, use To Whom It May Concern.

Then, three Sections:

Express interest, specify the job youre applying for and describe how you heard about the job.Provide professional highlights that are relevant to the specific job. Dont repeat your resume! Explain why youre interested in this specific job and why youre the best fit.

27Application PackageBe consistent across all your documents.Read the requirements before submitting application package. Make sure you follow all instructions carefully.Double check your files on more than one system to catch any formatting errors.28Networking

The Value of NetworkingYOUR RESUMEHow to NetworkBuild YOUR NetworkSet up a LinkedIn accountMake sure it matches your resumeMake a list of who is in your network and begin connectingFormer supervisors, coworkers, employees, people youve met at events/meetings, friendsKeep buildingGo to events that are relevant to your career interests.Always collect business cardsConnect!

31Work the NetworkThe Meet UpCoffees, meetings, happy hoursLearn about the landscape, meet more people Informational InterviewsPREPARE! The Check-InStay on the radar

32Social MediaLinkedInExcellent way to keep track of and utilize your networkUse the connector toolRequest recommendationsFacebookBe ca

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