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FURLOUGHS, LAYOFFS AND TERMINATION IN RESPONSE TO COVID-19

By March 24, 2020March 31st, 2020COVID-19, Employee Benefits

Widespread quarantines and general uncertainty related to this pandemic has left employers in positions to unexpectedly send employees home on furlough or even on layoff. Below you will find resources on these topics.

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Employers considering furloughs or layoffs should review the recently passed CARES Act and the assistance it includes to help small business stay afloat and keep their employees employed. The loan options could pay operational costs like payroll, rent, health benefits, insurance premiums, utilities, etc. However, employers should be careful to note that these loans can be forgiven only if the businesses pledge not to lay off their workers. 

Click here to read more about the $2 Trillion stimulus package.

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