Shared work unemployment compensation program Law and Legal Definition
Shared work unemployment compensation program is a program designed to reduce unemployment. These programs helps to stabilize the work force by allowing certain employees to collect unemployment compensation benefits if the employees share the work remaining after a reduction in the total number of hours of work and a corresponding reduction in wages. These benefits are called shared work benefit.
A shared work plan would be designed under which employees who are members of an affected unit share the work remaining after a reduction in their normal weekly hours of work. An employer who has a shared work plan in effect is called a participating employer. The employee who works a reduced number of hours under a shared work plan is called participating employee.
