The CARES Act provides up to $100 million in grants for states to implement or improve a short-time compensation (STC) program and for the promotion to and enrollment of employers. The U.S. Department of Labor (USDOL) announced that the Missouri Department of Labor and Industrial Relations (DOLIR) will receive two grants of approximately $1.8 million. These grants will improve and promote its (STC) program, the Missouri Shared Work Unemployment Compensation program. Missouri will use the grants to ensure employers in the state are aware of the Shared Work program, to enroll more employers, and to continue to streamline the reporting processes for employers and their associates.
The state advises that the Shared Work program can be beneficial as it allows employers to scale their workforce up or own based on changes in their business needs. The program also permits employers to recall temporarily laid-off associates to work by dividing available work amongst a group of associates. The employers’ associates will receive a portion of unemployment benefits while working reduced hours and retaining employer benefits too. Please visit http://www.sharedwork.mo.gov for more information.
Our office will monitor COVID-19 updates closely and will send out additional announcements as we become aware of any updates. You can also review these updates on our website at http://www.thomas-and-company.com/covid-19/ too.
Please reach out to your representative with any questions.