Workshare – A Smart Alternative to Layoffs
From the Mass. Executive Office of Labor and Workforce Development
WorkShare allows employers to keep their staff and avoid layoffs, by reducing hours and allowing employees to collect unemployment benefits to help close the gap in lost wages. While this program is very popular when money is tight, it can help businesses facing short-term cash crunches even in strong economies. Business scenarios for WorkShare use include:
- Manufacturers with a gap between projects or awaiting regulatory approvals;
- Professional service companies in between contracts;
- Retailers facing temporary slowdowns due to local construction or client turnover;
- Non-profits facing a slow fundraising cycle;
- Any business facing an unexpected change in business patterns.
Having Workshare in your toolkit may provide a win-win for your company and your workers. To learn more or to apply, go to
www.mass.gov/workshare/ or call a Business Representative at 800-252-1591.