The Trump administration promises to get a loan program for small businesses up and running by Friday, aiming to prevent companies from going out of business or laying off workers. Companies with fewer than 500 employees can seek as much as $10 million to pay expenses, including wages and rent, for two months.
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Companies that have never allowed employees to work from home are finding that it is doable, which could change how many employers view flexible work policies. "Most people will see that it is very possible and start to grow accustomed to the benefits of [remote work], including autonomy, no commute, and less distractions than open offices," says Remote Year CEO Greg Caplan.
Employees who lose employer-sponsored health insurance due to job losses associated with the coronavirus pandemic can keep their coverage for up to 18 months through the Consolidated Omnibus Budget Reconciliation Act program if they are able to pay the total premiums. For people with low incomes, Medicaid may be a coverage option, and those with some income can qualify for special enrollment through the Affordable Care Act marketplaces.
Social media allows a way to share news and updates during a crisis, but business owners should make sure their social media communication plans line up with best legal practices, Jeff Steen writes. Steen outlines five social media practices to know, including to take warnings from government agencies seriously and avoid political criticism.
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