Frequently Asked Questions
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What is the Short Term Compensation (STC) program
STC or “work-sharing” / “shared work,” is a layoff aversion program in which an employer, under a state-approved plan, reduces the hours for a group of workers. These workers in turn receive a reduced unemployment benefit payment. This important program preserves employees’ jobs and employers’ workforces during disruption to regular business activity by reducing hours of work for an entire group of affected employees rather than laying off some employees while others continue to work full time.
Who pays for the program?
Section 2108 of the CARES Act provides for temporary 100 percent federal financing of STC payments in a state with a STC program, whether that program is new or pre-existing. Section 2109 provides for a state without a qualifying STC program to enter into an agreement with the Secretary of Labor to operate a temporary federal STC program. Section 2110 provides $100 million in grants to support states in implementing and administering STC programs. Section 2111 provides that the department will give technical assistance and guidance to states implementing STC programs.
How do I know that OSaaS Workshare as a Service can support my state's needs?
We have implemented the solution for largest state in the USA. It scales, and we know the program requirements, so we can help you accelerate!
What are key features of your SaaS
• On-Line Employer Plan Creation, Submission, and Administration
• Compliant with Security Standards
• Enables Departmental Workload Management
• Enables Simplified Communication between Department and Employer
• Enables Proactive Notifications Capability
• On-Line Employee Portal for Claims Management
• Analytics Dashboard
• Mobile Ready
• Multi-Language Support
How do I schedule a demo?
That's the easy part! Just fill out our contact form and we'll reach out asap to show you why our workshare solutions is the best approach for making your workshare program customer centric!