Name of Student: Name of Instructor: Course Title: Date: Shared-work compensation program The shared-work compensation program is another option to layoffs. It seeks to see to it that employees in a firm or company get to be paid after their wages get reduced. Established by the California Legislature (Lancaster et al. 2016) the program sought to ease things up for employers because layoffs come with a lot of burdens hence shared-work program being a better option. Benefits of a shared-work compensation program The employer Through al. 2016) Work Cited Dolgoff Ralph and Donald Feldstein. Understanding social welfare: A search for social justice. Pearson Higher Ed 2012. Lancaster Loryn. "Changes in federal and state unemployment insurance legislation in 2015." Monthly Lab. Rev. 139 (2016): 1. Akiva Thomas Kai S. Cortina and Charles Smith. "Involving youth in program decision-making: How common and what might it do for youth?." Journal of youth and adolescence43.11 (2014): 1844-1860. Gayathiri R. et al. "Quality of work life–Linkage with job satisfaction and performance." International Journal of Business and Management Invention 2.1 (2013): 1-8. [...]
As a way of curbing the unemployment rate, California has a “shared-work compensation” program. Under this program, a company faced with a layoff of its workers may place its entire work-force on a four-day workweek during the period of hardship. During this period of reduced workweeks the employees collect partial unemployment benefits. When businesses rebounds, the firm returns to its normal five-day workweek, and the unemployment compensation benefits cease. Participation in the program must be approved by both the employer and the unions. If, however, the firm is not unionized, management has the discretion of putting the plan into effect. Requirements: What are the benefits of such a shared-work compensation program to (1) the employer and (2) the employees? What disadvantages do you see in the operation of a shared-work compensation program, especially from the viewpoint of organized labor?