In response to COVID-19 and the current economic downturn, employers across the country have experienced a dramatic decline in business and a lack of work for their employees. As a result, many employers had no choice but to lay off or furlough a significant portion of their workforce.
As the country prepares to reopen in the coming months, employers now have to determine how to bring back their workforce. Some may choose a staggered approach; others may reopen stores and bring back their entire workforce at once. This insight proposes a third possible option: a work share program (also known in some states as a short-term compensation program).