Employment insurance coverage (EI) is a authorities program that gives non permanent monetary help to unemployed staff. It helps staff who’ve misplaced their jobs via no fault of their very own, corresponding to as a consequence of a layoff or enterprise closure. EI offers revenue help, in addition to entry to employment and coaching applications, to assist staff get again into the workforce as rapidly as attainable.
EI is a crucial social security web that helps staff and their households climate the monetary of job loss. It additionally helps to stabilize the economic system by offering revenue help to customers and companies throughout financial downturns.