Hear from Labor Secretary Thomas E. Perez as he discusses the benefits of implementing a Short-Time Compensation program, an alternative to layoffs that helps employers weather the ups and downs of the economy.
The Short-Time Compensation (STC) program assists employers and employees alike during declines in regular business activity. By decreasing employee hours in lieu of layoffs and providing partial compensation through the Unemployment Insurance program, employees don't suffer a total loss of employment and employers maintain their skilled and ready workforce for when business demands increase. STC is a win-win for everyone!View Presentation
STC staff from Oregon and Washington are joined by employers and employees to promote state STC programs and encourage other states to adopt STC programs.