As companies struggle to make it from recession to recovery, many are turning to a program that cuts costs while sparing workers’ jobs – it’s called work-sharing.
Under the program, employers reduce weekly hours and salaries by as much as 20 to 40 percent, and then states make up some of the lost wages, usually half, from their unemployment funds.
Seventeen states currently offer work-sharing and with unemployment above 9 percent and climbing, pressure is growing on the 33 states that don’t offer the program to get onboard.
For the states that do have work-sharing they’re feeling the heat to increase the number of workers and companies that participate in the program.
In this highly informative session, you’ll learn what work-sharing is and how to take advantage of its money and job saving benefits, including how to:
- Retain a full staff of workers
- Maintain workforce continuity
- Stay prepared for business improvement
- Foster better morale in your employees
- What to consider when implementing work sharing policies and programs
- Which states offer work-sharing unemployment programs
- How and why to set specific time limits on the period of work sharing
- Which employees or groups are best suited for work sharing
- Pros, cons and ‘gotchas’ of getting started