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 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.
COVID-19 Expert Insights: Members and nonmembers receive complimentary access to live and recorded sessions. Access to the live event is limited to the first 1000 participants, so be sure to log on up to 15 minutes prior to the event start time. If you miss the live event, playback will become available on-demand shortly after the event date.
All Other Expert Insights: Members receive complimentary access to live and recorded sessions ($149 for nonmembers). Access to the live event is limited to the first 1000 participants, so be sure to log on up to 15 minutes prior to the event start time. If you miss the live event, it will become available 30 days after the event date.