April Lunch: The Shared Work Program

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The Shared Work Program

April 8, 2015 lunch speaker: Chad Pearson,  Shared Work Marketing Manager at Washington’s Employment Security Department.

Chad Pearson

Chad Pearson

 

Join the Chamber for lunch at Tapatio Mexican Grill on Wednesday, April 8, 2015 to learn more about the Employment Security Department’s Shared Work Program. 
Buy lunch tickets here. Member payment ($20) or Non-Member payment ($25)

If you are facing a temporary decline in business, the Shared Work program offers you an alternative to laying off workers.

Did you know that you can reduce the work hours of your permanent employees, and the workers can collect partial unemployment benefits to replace a portion of their lost wages? This translates into immediate payroll savings and prevents the loss of your skilled employees.

The business climate is improving and unemployment is down in Washington. Yet, participation in the program is up 31 percent over last year because employers like you are learning about it. Watch this

The business climate is improving and unemployment is down in Washington. Yet, participation in the program is up 31 percent over last year because employers like you are learning about it.

Benefits of the Shared Work Program

  • Under the program, businesses can reduce the hours of permanent employees, who can then collect partial unemployment benefits to replace a portion of their lost wages. This translates into immediate payroll savings and prevents the loss of skilled employees.
  • The federal government will cover more than 92 percent of Shared Work benefits through June 2015. That means you can participate virtually for free and there will be practically no effect on your unemployment insurance tax rate.

 “We invested hundreds of thousands of dollars in our employees’ training and couldn’t afford to lose them. Shared Work helped us avoid that. – Sterling Ramberg, co-owner of The Gear Works

The flexibility of the program also makes it attractive. Your business can enroll some or all of your employees. You use it only when needed, and you can vary each employee’s reduction anywhere from 10 to 50 percent per week.

Recent surveys show that Shared Work helps keep skilled workers, reduces payroll costs and improves employee morale. Employers who have used the program consistently recommend it to others.

Chad Pearson. Shared Work program with the Employment Security Department. April 8, 2015 Newcastle Chamber of Commerce

Participation requirements

For businesses

  • Must be legally registered in Washington for at least six months prior to applying for the program.
  • Must be current on unemployment taxes or be current on a payment contract.
  • You must have a minimum of two permanent employees enrolled in the Shared Work plan.
  • Must be in compliance with IRS, state, county and municipal laws, rules and ordinances.
  • May reduce work hours of participating employees by at least 10 percent, but no more than 50 percent. (A 40-hour employee can be reduced by at least 4 hours, but not more than 20 hours.)

For employees of the business who are enrolled in the program

  • Hired permanent and paid hourly (corporate officers are not eligible).
  • Eligible for regular unemployment benefits.
  • Able and available to work all hours offered by the Shared Work employer.

Restrictions

  • Not designed to support seasonal businesses during the off season.
  • May not be used for corporate officers.

 

To learn more, watch the Shared Work Video visit www.esd.wa.gov/shared-workor call 800-752-2500.

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