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A Guide To YourEMPLOYEE BENEFITSJULY 2023 JUNE 2024BENEFITS EFFECTIVE DATE July 1, 2023 for existing employees and first day of employment for new employees hired in fiscal 2024.ELIGIBILITY Active,
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How to fill out work-sharing agreement - overview

01
Step 1: Obtain a work-sharing agreement form from your employer or download it from the relevant government website.
02
Step 2: Fill in the necessary information in the agreement, such as the names of the participating employers and employees, the effective date of the agreement, and the proposed work-sharing schedule.
03
Step 3: Review the terms and conditions of the agreement, including the provision for reduced working hours and corresponding reduction in wages.
04
Step 4: Sign the agreement along with the participating employers and employees.
05
Step 5: Submit the completed agreement to the designated authority or department as specified by your jurisdiction.
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Step 6: Await approval of the work-sharing agreement from the relevant authority.
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Step 7: Once approved, ensure compliance with the terms of the agreement throughout its duration.
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Step 8: Regularly evaluate the effectiveness of the work-sharing arrangement and make any necessary adjustments as needed.

Who needs work-sharing agreement - overview?

01
Employers who are facing a temporary reduction in business activity and want to avoid layoffs while sharing the available work among their employees.
02
Employees who prefer to retain their jobs and income, even with reduced working hours, rather than being laid off.
03
Government institutions and agencies that aim to mitigate the negative impact of economic downturns on businesses and employees by promoting work-sharing agreements.
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A work-sharing agreement is a program that allows employers to reduce their employees' hours while avoiding layoffs. In this arrangement, employees receive partial unemployment benefits to supplement their reduced wages, resulting in a collaborative solution to maintain employment levels during periods of economic downturn.
Employers who wish to participate in a work-sharing program must file a work-sharing agreement with their state's unemployment office. This includes businesses facing reduced demand for their products or services, and it is applicable to a range of industries.
To fill out a work-sharing agreement, employers must provide details about their business, the specifics of the work-sharing plan, the affected employees, and the anticipated duration of the program. This usually includes completing a standardized application form provided by the state unemployment agency.
The purpose of a work-sharing agreement is to provide an alternative to layoffs by allowing businesses to retain workers while reducing hours. This helps maintain workforce morale, retain skilled employees, and support the overall economy during challenging financial periods.
Employers must report information such as the number of affected employees, the percentage of reduced hours, the duration of the work-sharing plan, and any changes in business operations that could impact the agreement.
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