LEARNING CENTER
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Recall From Furlough - Rehire Process and Recall Letter Template
First of all, asking furloughed employees to return to work is cause for celebration, but don’t let that get in the way of following proper procedure. We provide a rehire process and recall letter template to help start your planning.
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Remote Work: Rules Of The Road And Legal Issues In The Virtual Workplace
Distance doesn’t mean the workplace culture has to fall apart. Evidence suggests remote work can increase productivity and employee happiness. The goal now is to ride out the crisis, keep the team engaged and productive. If you lead, the team will follow.
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$310 Million Additional Funding for Paycheck Protection Program - It Won't Last
Congress approves $310 million of additional funding for PPP Loans but lenders say it will only last 72 hours at current burn rate. The Federal Reserve’s new Main Street Lending Program is another chance to secure much needed cash now.
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Job loss often ranks among the highest in stress on a list of life-altering events such as a death in the family, divorce, and serious illness. It can have a profound effect on the well-being of your employees. But uncertainty that comes with being furloughed and not knowing if you’ll be asked to return to work is proving to be even worse for employees' mental health than other life-altering events. What you say to employees during a crisis will affect your ability to rehire them and retain them later.
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What Business are Asking About Today- Key Issues During The COVID-19 Pandemic
I have been getting a lot of the same questions from business owners recently about the coronavirus crisis. Here is a summary of key issues facing businesses based on these questions. |
New Paid Leave Requirements
Employers should be aware of newly enacted legislation—the Families First Coronavirus Response Act (“FFCRA”)—that imposes obligations on many employers to provide temporary paid family and sick leave to employees directly impacted by the COVID-19 pandemic. President Trump signed the law on March 18, 2020. |
Furloughing Employees- Health Plan Issues
Employers are considering many alternatives to address the significant economic hardships caused by the COVID-19 pandemic. One such alternative is putting one or more groups of employees on furlough—a low paid or unpaid leave of absence. However, now more than ever, employers must carefully address health plan coverage during a furlough. |
Cash Is King But Don't Be A Sucker - Private Investors Have An Abundance of Cash and Want to Invest
Private capital is available to rescue your company and support a relaunch but don't be taken advantage of by a lack of preparation. |
Options For Selling Your Business - Advantages and Disadvantages
There are a variety of ways for a business owner to sell their business or an interest in a business. Here are a variety of options and a synopsis of the advantages and disadvantages of each. |
Buy-Sell Agreements Using Insurance
Buy-sell agreements are critical when dealing with a closely held business and yet often ignored or given short shrift by business owners. Life insurance is an effective tool that business owners can use to implement the provisions of a buy-sell agreement by providing liquidity at the death of an owner to both his or her business and family. Having a properly drafted buy-sell agreement is key in avoiding conflict and memorializing how life insurance proceeds are to be used at the death of a business owner. The creation of a separate entity to hold life insurance is increasingly being used by practitioners in buy-sell agreement planning to avoid tax traps and other pitfalls. |