The Short-Time Compensation (STC) program, also known as Work-Sharing or Shared Work, is a state program designed to help employees preserve their jobs, and allow employers to maintain their trained and skilled workforce during times of economic downturn.
Rather than layoff employees, STC provides employers with the flexibility to reduce work hours until business demand increases. During this time of reduced work, employees may apply for a portion of their unemployment compensation to offset the impact of lost wages. Employees will also continue to receive health and retirement benefits, throughout the duration of their modified work schedule.
In order to accurately capture and elevate the most successful strategies that states have used to implement STC programs, nine states participated in phone interviews. Florida, Missouri, New Hampshire, New York, Oregon, Pennsylvania, Rhode Island, Texas, and Washington for participated in the interviews and provided their invaluable insight, experiences, and recommendations from implementing their own programs.