WITH budgets pared and the overall economy continuing to contract, some employers have no choice but to cut payroll expenses. That almost inevitably means layoffs, but a few managers are trying an alternative: switching some people to 24-hour workweeks.
A case in point is the Vera Institute of Justice, a policy center based in New York, which recently cut the workweek of five out of 130 full-time employees to three days. This happened after one of the group’s major sources of financing, the JEHT Foundation, lost money investing through Bernard L. Madoff.
Valerie Christopher, 52, a network manager at the Vera Institute, is one of those now working a three-day week, which has resulted in a 40 percent reduction in her pay. She has enrolled in a New York program that allows employees to collect unemployment benefits to help make up for their reduced pay.
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