The Missouri Department of Labor’s (DOLIR’s) Division of Employment Security (DES) announced that, through December 26, 2020, the unemployment accounts for businesses that participate in the Shared Work program will not be charged. While the Shared Work program has been used for over 30 years, the program is helpful for businesses transitioning back to full operations after COVID-19. The CARES Act incentivizes employers to remember associates under the Shared Work program, allowing states the option to waive charges to employer accounts through December 2020. This program protects jobs and minimizes economic harm.
Shared Work permits employers to reduce their labor and turnover costs while retaining skilled employees for when they return to full operations. Also, associates receive prorated unemployment benefits to supplement lost earnings and maintain their work benefits. Additionally, through July 25, 2020, associates that are eligible for even $1 per week of benefits will receive an additional $600 federal supplement each week they receive benefits. Furthermore, the Shared Work program grants employers the flexibility to reduce its workforce as a precautionary health measure and to run on a diminished schedule. Shared Work employers can divide available work among a group of associates that continue to work a reduced schedule. Because a Shared Work employer retains its skilled associates, they can ramp up and scale down its workforce based on business needs and health concerns.
For more information, visit sharedwork.mo.gov.
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 https://www.thomas-and-company.com/covid-19/ too.
Please reach out to your representative with any questions.