As we look ahead to the new year, there is a bit of uncertainty about what it may bring. Some companies may feel the need to cut back, but there is a way to save Michigan jobs.
Sharon Moffett-Massey, the director of the Unemployment Insurance Agency in Michigan, tells us there is a program up and running that can help. It's called Work Share.
Under the Work Share program, workers whose hours have been reduced receive unemployment benefits based on a percentage of the reduced hours of work and pay. For example, a company with 100 employees finds it necessary to lay off 20 people. With Work Share, the employer keeps all 100 employees on the payroll, but reduces their work week from five days to four days, achieving the desired 20 percent reduction in payroll. All 100 employees will continue to earn wages for four days and are eligible for Work Share benefits on the fifth day.
This program has been up and running for a while. So far, only nine companies have taken advantage of it.