The Trump administration and Senate leaders struck a deal early Wednesday morning on a $2 trillion stimulus package aimed at combating the economic damage from the coronavirus pandemic. The deal includes $250 billion for direct payments to individuals and families, $350 billion in small-business loans, $250 billion for unemployment benefits and $500 billion in loans for distressed organizations.
Give employees easy access to the technology they need and allow them to make decisions in an agile work environment, says Bessie Chong, director of group training and talent development at Esquel Group. "Enabling skills/abilities such as critical thinking, agile thinking, analytical skills, communication and relationship skills, and global mindset are getting more important," she says.
CareerArc Outplacement for RIFs CareerArc Outplacement helps you transition your workforce during times of critical business transformation, with expert career coaches just a click away. We deliver one-on-one coaching on all aspects of career transition. Protect your brand & show exiting employees you care. Request a demo.
Are You Asking the Right Questions? Employee surveys are a critical tool to support your people analytics practice, but many organizations fail to capture data that helps leaders make informed decisions. Download our guide to see what survey questions drive business outcomes.
Emergency leave protections under the Families First Coronavirus Response Act have left small employers "despondent" about implementing the new rules by the April 2 deadline, according to Littler Mendelson shareholder Jeff Nowak. Employers will need to pay for emergency paid family leave and sick leave on their own, but will be eligible for tax credits, and some employers must also provide up to 12 weeks of job-protected leave when employees are not able to work due to child care obligations related to the coronavirus pandemic.
Two-year colleges offer a promise of open access, social mobility and confidence in all students' abilities to succeed, writes Chad Dull, vice president of academic affairs at Minnesota State College Southeast. "We work toward a deep culture of caring ... we are invested in your success, and we mark our own success by seeing students achieve their goals," Dull writes.
The stress of the coronavirus outbreak, transition to remote work and the unemployment spike can push employees to panic-work, writes Gianpiero Petriglieri, who points to theories that say we panic-work to prove our immortality. "Stop pretending that if you work harder it will be business as usual. Accept disorientation and distress," he writes.
SmartBrief has created a twice-weekly publication dedicated to helping organizations navigate the uncertainty created by the coronavirus. If you're looking for solutions-oriented content, please sign up for SmartBrief's Special Report on Coronavirus here.
Sharing SmartBrief on Workforce with your network keeps the quality of content high and these daily updates free.
Refer 10 new readers to receive one year of digital access to The New York Times. Experience groundbreaking reporting, commentary, documentaries and more.
