State Reduces Unemployment Claims/Layoffs with Work Share Program
VPG | Apr 01, 2011 | Comments 0
If you are an employer faced with laying off one or more employees due to economic setbacks, the State of Colorado offers an alternative through the Work-Share program.
This voluntary 18 week program provides an alternative to layoffs. Under the program, you may reduce the number of hours of a single employee, or a group and the state will pay them part of their regular unemployment benefits. You can register all your employees or just those in a particular group at your business.
Some of the regular unemployment requirements still apply: an employee must have earned enough money to collect unemployment benefits and not have run out of money on an unemployment claim, must be able and available to work normal work hours. If there is no work for an employee for a full week, they would still receive unemployment benefits, but not the work share benefits.
The program allows employers to maintain production and quality levels at their business, maintain an experienced staff, return to full production during improved economic conditions and lessens the time and cost of hiring and training new employees.
Additional information is available at www.colorado.gov/cdle/ui and click on Businesses & Employers, go to Information and click on Work Share for the application form.
Filed Under: Business • Economy • Employment
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