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COVID-19: Untangling the Differences Between Furloughs, Layoffs and Reductions in Force

There’s a lot to unravel when it comes to the differences between, and implications of, furloughs, layoffs and reductions in force. Get up to speed, or refresh your knowledge, in this interactive session which will explore the key design elements of each, and review benefits and other considerations (health insurance, life insurance, disability insurance and retirement benefits). We will also examine the implications of federal and state regulations (e.g., unemployment insurance, the Worker Adjustment and Retraining Notification [WARN] Act, and the Fair Labor Standards Act [FLSA]), as well as the steps needed to implement furloughs.

In this session, you’ll learn:

  • Definitional differences between furlough, layoff and reduction in force
  • Key elements of design
  • Federal and state regulations that need to be considered (highlights of some key differences by state)
  • Benefit implications to consider
  • Change management and communications implications

Adrienne Altman | Managing Director, North America Rewards, Willis Towers Watson

Adrienne Altman is a Managing Director of Talent and Rewards in North America and is responsible for WTW North America Rewards business. She is based in the Stamford, Connecticut. Prior to her Rewards role, Ms. Altman was responsible for the Stamford market as well as managing large, global client relationships for the firm.

Josephine Gartrell Esq. | Director, Rewards, Willis Towers Watson

Josephine Gartrell co-leads Willis Towers Watson’s Furlough and Workforce Reduction Team. She helps companies gather data to understand the balance between their own cost containment and the financial impact of reductions on employees. She also works with companies to design furlough and other workforce reduction plans on a state-by-state basis.

Cecile Chang | Health and Benefits Market Leader Northern California, Willis Towers Watson

Brian Shaw

Brian Shaw is a Director with Willis Towers Watson specializing in Absence, Disability Management and Life insurance. He has more than 12 years of industry experience including both consulting and underwriting experience. He currently supports and leads strategy work for a number of Fortune 500 clients including financial analysis, benchmarking, plan design review, renewal analysis, vendor procurements and implementation activities for Life, Disability and Leave of Absence programs. He assists clients with the strategic evaluation of these programs within the context of an organization’s total rewards philosophy.

Please note: Prices are subject to change without notice. All sales are nonrefundable. Playback and the on-demand recorded session will be available 30 days following the live event, and you can access the session for 90 days. Your 90-day access begins the day of order.

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Job Architecture for the Future of Work

Is your job architecture ready for the Future of Work? How can it be optimized to make your organization more successful?

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