Work Sharing Report
A work sharing program allows an employer to have the option of reducing the hours and wages of all employees or a particular group of employees (such as a department) instead of laying off a portion of its workforce to cut costs. Workers with reduced hours and wages are eligible for partial UI benefits to supplement their paychecks.
Work sharing is a win-win-win strategy. A work sharing program benefits the state by mitigating further job losses. The employer benefits by reducing the high costs associated with turnover and maintaining continuity within the firm. And the employee benefits by maintaining wages and reducing the effects associated with long-term unemployment.