Not a Member? Get access to HR news and resources that you can trust.
We asked HR professionals to tell us about their time in HR. Here are their stories.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Instructor-led guidance for your SHRM-CP/SHRM-SCP exam, no travel or time out of the office required.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
The U.S. Department of Labor (DOL) awarded nearly $38 million to 13 states on Jan. 29, 2015, to develop or expand work-sharing programs, also known as short-time compensation programs.
Work-sharing programs enable employers contemplating layoffs to temporarily reduce work hours for a group of employees as an alternative during hard economic times.
Affected workers have a portion of their lost wages supplemented by a percentage of their available unemployment compensation benefits. The programs allow employees to keep their jobs and companies to maintain their workforces.
“Layoffs are painful for everyone involved, so having an opportunity to prevent them helps both employers and workers,” said Labor Secretary Thomas Perez in a news release.
“The purpose of the [work-sharing] program is to save jobs. The program … allows an employer to retain their skilled workers and avoid the expense of recruiting, hiring and training new employees when business demand increases. The program benefits both employers and employees and is a win-win for everyone,” the DOL said.
Arkansas, California, Connecticut, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, New York, Pennsylvania, Rhode Island, Texas and Wisconsin received the DOL grants, which totaled $37,814,386.
Short-time compensation grants were first authorized in 2012. A total of $50,461,663 has been awarded to 17 states. Michigan, Ohio, Oregon, Texas and Washington state previously received funding.
In a 2012 Washington state survey, 850 participating employers were asked to rate their satisfaction with the state’s work-sharing program. Approximately 85 percent rated it as “very positive.” Employers were also asked, “Has the shared-work program helped your business survive the current economic recession?” A total of 68 percent of those same employers responded “yes,” and another 20 percent said “probably.”
Roy Maurer is an online editor/manager for SHRM.
Follow him @SHRMRoy
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Refer a Friend to SHRM
SHRM’s HR Vendor Directory contains over 3,200 companies