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RECESSION READINESS WITH SHAREDWORK

SharedWork is a voluntary business program providing flexibility to retain employees at reduced hours during economic downturns. Learn about the program, its benefits, and how ESAC can assist in promoting SharedWork to help businesses, employees, and communities thrive.

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RECESSION READINESS WITH SHAREDWORK

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  1. RECESSION READINESS WITH SHAREDWORK RAFAEL COLÓN, SHAREDWORK MARKETING COMMUNICATIONS MANAGER

  2. AGENDA • What is SharedWork? • Definition • Video overview • Business & Employee Requirements • Why SharedWork? • What is SharedWork doing for recession-readiness? • How can ESAC assist?

  3. WHAT IS SHAREDWORK? SHAREDWORKis a voluntary business program that provides flexibility to retain employees at reduced hourswhen facing an economic downturn. Statutory Authority: • Chapter 50.60 RCW. • Chapter 192-250 WAC. State Website: • sharedworkwa.com

  4. 26 STATES WITH SHORT-TIME COMPENSATION (STC) PROGRAMS • Arizona • Arkansas • California • Colorado • Connecticut • Florida • Iowa • Kansas • Maine • Maryland • Massachusetts • Michigan • Minnesota • Missouri • Nebraska • New Hampshire • New Jersey • New York • Ohio • Oregon • Pennsylvania • Rhode Island • Texas • Vermont • Wisconsin • Washington

  5. PROGRAM OVERVIEW VIDEO

  6. BUSINESS REQUIREMENTS • Be legally registered at least six months. • Be current on unemployment taxes or a payment contract. • Have a tax rate less than 5.4 percent. • Enroll a minimum of two permanent employees. • Comply with IRS, state, county and municipal laws, rules and ordinances.

  7. EMPLOYEE REQUIREMENTS • Be hired permanently and paid hourly. • Be eligible for regular unemployment benefits- at least 680 hours. • Apply for benefits and submit weekly claims. • Be able to work all hours and be available for all work hours.

  8. WHY SHAREDWORK? • Support business stability • Retain skilled workers • Avoid or minimize full layoffs • Reduce payroll costs • NEW - leverage training programs to upskill workforce

  9. WHAT IS SHAREDWORK DOING FOR RECESSION-READINESS? • Process Improvements & Marketing • Leveraged U.S. DOL Grants (implement and improve & promote and enroll) • Piloted regional business sessions • Building sustainability by being proactive in our preparation • Ongoing partnership expansion – public and private • Cross training • Tracking trends of impacted industries • Identifying and vetting eligible businesses • Targeted email blasts

  10. BUSINESSES WIN. EMPLOYEES WIN. COMMUNITIES WIN.

  11. SharedWorkWA.COM800-752-2500 option 1

  12. WORKFORCE BREAKDOWN BY INDUSTRIES • Trade, Transportation and Utilities (19%) • Government (17%) • Education & Health Services (14%) • Retail Trade (12%) • Professional and Business Services (12%) • Manufacturing (9%) • Construction (6%) Source: ESD, 2017 Annual Washington Historical Employment Data

  13. PARTICIPATION In 2017 • ESD approved 596 plans • 8,824 workers As of September 30, 2018 • ESD has approved 521 plans • 8,381 workers, currently

  14. 2017 Employer Survey Results… 99% would recommend SharedWork to other employers 89% would have had to layoff between 1-5 employees 83% reduced payroll costs by at least 20% 97% helped business stay afloat 97% improved employee morale 95% of employees thought the program was extremely helpful

  15. We are grateful and truly believe our 80-year-old business would have had to close its doors had we not participated in the SharedWork program. We have been able to keep quality, well-trained, long-time employees on staff. Falco’s

  16. Our business has had its ups and downs, and without SharedWork, we would be forced to lay people off. Our employees are thankful we used it and happy they do not have to draw full unemployment. There are so many advantages to SharedWork. Spokane Galvanizing

  17. HOW CAN ESAC ASSIST? We invite ESAC to consider the following: Help distribute SharedWork information to your members…what are the best ways to do this? Help SharedWork sign up your interested eligible member businesses. Invite SharedWork to present at your board meeting, retreat, annual conference, etc.

  18. THANK YOU!

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