Six Percent Of U.S. Companies To Implement Mandatory Furloughs In 2009

That’s just one of the statistics in a new survey by employee benefits consultancy Watson Wyatt Worldwide, USA Today reports.

Furloughs, or mandatory unpaid leave, are a “job-saving action,” says Marion Crain, an employment and labor law professor at Washington University in St. Louis. And if your company is truly struggling, a furlough can save loads of money: employers don’t pay severance costs when furloughing rather than laying off, and they don’t have to pay to train a new hire, because they get the old employee back.

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