Supplemental Unemployment Benefits
Supplemental unemployment benefits provide for a “guaranteed annual income” in certain industries where employers must shut down to change machinery or due to reduced work. These benefits are paid by the company and Supplemental unemployment benefits. These cash payments supplement the employee’s unemployment compensation, to help the person maintain his or her standard of living while out of work. They generally cover three contingencies: layoffs, reduced workweeks, and facility relocations.
Category: HRM & Labor Studies
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