Short-Time Work Compensation: Who Qualifies and What You Get
Learn how the Short-Time Work Compensation scheme supports employees facing temporary wage losses due to economic downturns in Switzerland.
Short-Time Work Compensation is a measure designed to protect employees from losing their jobs during temporary economic downturns.
Who it's for
This scheme is for employees working in companies that are experiencing a temporary drop in business or economic activity.
What you get
If your working hours are reduced due to the economic situation, the state provides compensation to cover a large portion of your lost wages. This helps prevent companies from having to lay people off entirely.
What it costs you
There is no direct cost to the employee. However, for the scheme to work, your employer must take the responsibility of applying for it.
The catch to know
The reduction in your working hours is not automatic; you must agree to the reduction in hours to receive the compensation.
How to apply
- Discuss the reduction in working hours with your employer.
- Ensure your employer applies for the scheme through the appropriate channels.
- Monitor your pay slips to ensure the compensation is being handled correctly.