New York employers struggling during the current global economic downturn should consider New York’s Shared Work Program as a vehicle to avoid layoffs. This Program, recently implemented by the New York State Department of Labor, permits qualifying employers to temporarily reduce the hours and wages of all employees or a particular group of employees while the State provides the affected employees with partial unemployment insurance benefits to supplement their lost wages. The Shared Work Program may be an attractive alternative for employers looking to maintain workforce levels during difficult economic times.

Please see full advisory for more information.