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Alternatives to laying off your employees

The Work-Share Program

Thinking of Laying off employees? Consider the Work-Share Program.

The Work-Share Program provides an alternative to laying off employees by allowing them to keep working, but with fewer hours. While an employee is working fewer hours, he or she may be eligible to collect part of his or her regular unemployment benefits.

Requirements and qualifications for employers:

  • You must have reduced the normal weekly work hours by at least 10 percent, but by no more than 40 percent.
  • The reduction must affect at least two out of all employees in the business, or a minimum of two employees in a certain unit

Does my business qualify for the Work-Share Program?

For more details, visit the Colorado Department of Labor website and download the Employer Fact Sheet. You can also download a Fact Sheet to hand out to employees to see if they meet eligibility requirements.

https://www.colorado.gov/pacific/cdle/layoffassistance

The post Alternatives to laying off your employees appeared first on Colorado Springs CPA | BiggsKofford Accounting Firm.



This post first appeared on Biggs Kofford CPA - Accounting Firm, please read the originial post: here

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Alternatives to laying off your employees

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