Furlough vs. layoff: What’s the difference, and what do employers need to know?
Insperity
NOVEMBER 30, 2021
When an organization needs to reduce its payroll due to financial hardship, there are two options employers may consider: furlough vs. layoff. Like layoffs, furloughs are a way for employers to reduce payroll costs when employee performance isn’t to blame. And it doesn’t help that these terms are often used interchangeably. PTO payout.
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