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Customize This Template! Insert your state agency’s logo Change the master slide to your state agency’s PowerPoint template PowerPoint PPT Presentation


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Customize This Template! Insert your state agency’s logo Change the master slide to your state agency’s PowerPoint template Tailor the color scheme to match your state agency’s color scheme Add or delete slides

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Customize This Template! Insert your state agency’s logo Change the master slide to your state agency’s PowerPoint template

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Customize this template insert your state agency s logo change the master slide to your state agency s powerpoint template

  • Customize This Template!

  • Insert your state agency’s logo

  • Change the master slide to your state agency’s PowerPoint template

  • Tailor the color scheme to match your state agency’s color scheme

  • Add or delete slides

  • Edit slides to include your state specific program information [see red text to “insert quotes from employees”]

  • Insert staff contact information


Short time compensation

Insert

State logo here

SHORT-TIME COMPENSATION

An Alternative to Employee Lay-offs


What is short time compensation

What Is Short-Time Compensation?

STC cushions the adverse effect of the reduction in business activity and keeps employees on-the-job for when business demand increases.

Short-time compensation, also known as worksharing or shared work, preserves jobs and your employer’s trained workforce during declines in regular business activity by reducing hours of work for an entire group of affected employees rather than laying off some employees while others continue to work full-time.


Here s how it works

Here’s How it Works

Rather than being laid off, eligible employees work a reduced number of hours in the work week and receive a portion of their weekly unemployment compensation (UC) payment based on the percentage of the reduction in hours.


How does stc compare to a layoff

How Does STC Compare to a Layoff?

  • Pat Smith normally works 40-hours per week & earns $600 in regular pay. Under the STC program, Pat’s hours are reduced by 1 day of work per week- from 5 days to 4 days (20% reduction). How does this compare to a total layoff for Pat?

    • [Note: Example provided for illustration purposes. State can revise numbers to reflect salary and UC payment typical for workers in the state]

(Versus $600 at 40 hours for regular, full-time work)


What s in it for employees

What’s in it for Employees?


Stc is an alternative to layoffs

STC is an Alternative to Layoffs

  • Continued employment versus total unemployment in a challenging labor market

[“Insert quote from employee participant here”]


Stc keeps employees on the payroll

STC Keeps Employees on the Payroll

  • Employees retain connection with their current employer

  • Continue to work and earn wages

  • Receive a portion of unemployment insurance benefits

[“Insert quote from

employee participant here”]


Stc allows employees to retain their benefits

STC Allows Employees to Retain their Benefits

  • Healthcare coverage is maintained

  • Contributions to employee retirement plans continue

[“Insert quote from employee participant here”]


Stc keeps workforce in place

STC Keeps Workforce in Place

  • Work teams stay together

  • Employees remain productive and maintain skills

  • When times get better, employees are in place and ready to respond to the increase in business.

[“Insert quote from employee participant here”]


Stc maintains morale

STC Maintains Morale

  • Company respects the value of their employees

  • Company acknowledges that employees can be part of the solution

  • Company recognizes the difficulties individuals experience with being totally unemployment and found an alternative to laying off its workers

[“Insert quote from employee participant here”]


Stc is a win for employees

STC is a Win for Employees!

When business is slow, employees stay with their employer – on-the-job and ready for when business demand increases.

Employees stay current on their work skills.


Want to learn more

Want to Learn More?

Staff Contact:

Telephone:

E-mail:

Website:


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