SPECIAL UPDATE: There is An Alternative to Layoffs In Oregon
8/3/2021 - 8/3/2021 12:00 PM - 1:00 PM
Event Description
Many businesses experience cyclical slowdowns and are forced to make tough staffing decisions that can include layoffs. When employees experience a reduction in hours, they are often encouraged to file for unemployment benefits. Unfortunately, it can take a substantial reduction in hours for someone to be eligible to receive benefits while still working. That’s where Work Share comes in.
For more than 35 years, Oregon Work Share has been helping businesses avoid wide scale layoffs while retaining talent during a temporary decline in business. The Work Share program allows employers to leverage unemployment insurance to temporarily supplement a portion of staff’s lost wages when their hours are reduced.
Any Oregon business with at least 3 employees, who have been employed for 6 months full time or 12 months part time, and whose hours are reduced 20-40% can supplement those lost earnings with an equal percentage of their weekly benefit amount.