Furlough, Layoff and Reductions in Force: What’s the Difference?

All three of these terms describe actions that are intended to achieve cost savings by reducing a company’s payroll costs. Even though the words have been used interchangeably, their true meanings are quite different. FURLOUGH A furlough is considered to be an alternative to layoff. When an employer furloughs its employees, it requires them to…

Read More