Furlough

Furloughs and layoffs are ways to reduce labor costs during times of economic hardship. They both involve a loss of work for employees, but there is a key difference between them. A furlough continues employment but reduces scheduled hours or requires a period of unpaid leave. Because the...

A furlough allows you to place employees on temporary unpaid leave, keeping them on your payroll and saving you the trouble of rehiring them when it's time to recall them to work. Usually, furloughs are initiated by the employer as a cost-cutting strategy during economic...

The pandemic has thrown businesses into a never-before-seen scenario that has upended how they operate. Many businesses that were thriving before the pandemic now find themselves having to make difficult decisions, including whether to furlough or lay off employees. This task is not as simple...