Establishes a short-time compensation program in North Carolina to provide benefits to employees whose hours are reduced to avoid layoffs.
The North Carolina Keep NC Working Act establishes a short-time compensation program to provide benefits to employees whose usual weekly hours are reduced to avoid layoffs. Eligible employees receive benefits based on the percentage of their usual weekly hours reduced. Employers must submit a plan for approval by the Division of Employment Security. The plan can be modified or revoked if it no longer meets the program's purposes. The program aims to prevent layoffs by offering compensation to employees during periods of reduced work hours.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.