Michigan Short-Term Incentive Plan
Description
How to fill out Short-Term Incentive Plan?
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FAQ
WorkShare is designed to help both employers and workers during a temporary slowdown in business. Instead of laying off workers, your employer can apply for the WorkShare program. Under WorkShare, you will work reduced hours and receive unemployment benefits along with your reduced wages.
"Under the new rules, you can work up to 7 days per week without losing full unemployment benefits for that week, if you work 30 hours or fewer and earn $504 or less in gross pay excluding earnings from self-employment. "With this change, your benefits will not be reduced for each day you engage in part-time work.
Individuals filing for Unemployment Insurance (UI) benefits in Michigan are, in most instances, required to Register for Work. Registering for Work involves first creating a profile on the Pure Michigan Talent Connect (PMTC) site or updating an existing profile. Secondly, you MUST meet with a Michigan Works!
Michigan's Work Share program allows you to keep your employees working with reduced hours, while employees collect partial unemployment benefits to make up a portion of the lost wages. With Work Share, you can maintain operational productivity and hang on to your skilled workers.
Professional Development: To help develop your career, programs are available to apply for reimbursement of up to $2,000 a year for education and training for college course credits and non-degree programs.
If the unemployed worker earned wages with an employer within the past 18 months and work hours were reduced based on reasons other than the worker's request, the unemployed worker may be entitled to benefits.
With the Work Share program, a worker receives a reduced salary from an employer, but is given a percentage of their state benefits. The reduction in work hours must result in an equivalent reduction in wages. Example: If a worker's weekly wages are $1,000, yet the employer needs to reduce their salary/hours by 30%.
Applicants must demonstrate a financial need. Training must be in a high demand industry or occupation and listed on Michigan Training Connect. Applicants must verify class schedule, educational plan, and/or acceptance into approved training program.