Katharine Abraham featured in Bloomberg on Job Saving after the COVID-19 Hit
States' short-time compensation, or shared-work programs, are effective in helping retain trained staff members during COVID-19 outbreak
Reade Pickert, an economy reporter writing for Bloomberg, explains how some States' short-time compensation, or shared-work programs are effective in helping retain trained staff members during the COVID-19 outbreak. About half of U.S. states have such a program.
Faculty Associate Katharine Abraham noted that with the shared-work program, "[Employees] are not 'laid off'; they’re temporarily not working any hours. But you’re preserving the employer-employee relationship."