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Day: April 6, 2020

Workforce Reduction Considerations: Layoff vs Furlough

By Lisa Calick Many businesses are struggling to manage their workforces in the current climate.  While recently passed economic stimulus packages have provided incentives for companies to retain their employees, in many cases companies have had significant business interruptions and still may be forced to consider letting some employees go.  Business owners may be considering layoffs or furloughs, but may not understand the difference. A layoff is a separation from payroll and may...

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