layoff-avoidance strategy introduced by the federal government is known as
A)work sharing.
B)supplemental unemployment benefits.
C)the reduced work week.
D)job sharing.
E)the early leave package.

Question

Quizplus · Accepted Answer

Work sharing is a layoff-avoidance strategy introduced by the federal government. It allows employers to reduce the hours of work for a group of employees instead of laying them off completely. The employees then receive partial unemployment benefits to offset the reduction in hours. This helps to keep employees on the payroll and engaged in their work, while also providing them with some financial support. In turn, it helps employers to retain skilled workers and avoid the costs of hiring and training new employees when the economy improves.

Layoff-Avoidance Strategy Introduced by the Federal Government Is Known as