By Katie Clayton and Cherity Smith
Since the economic downturn took hold, each day brings another announcement of employee layoffs and corporate downsizing. Recent blog entries have looked at options such as layoffs, furloughs, and reducing hours of work. There is another option in Canada â€“ work-sharing.
What is work-sharing?
Work-sharing is an adjustment program created by the Canadian government. It provides income support to employees eligible for employment insurance benefits who are willing to work a reduced workweek. The reduced workweek would be for a defined time period in order to help the employer avoid layoffs.