employee retention – Coronavirus (COVID-19)

March 30, 2020August 31, 2020 by Duane Morris

The Unprecedented Employer Subsidies This Week To Avoid Layoffs

(This is the third in a series on the impacts of the coronavirus on employment and the workplace. Read the first and second part.)

The federal stimulus, approved last Friday, includes unprecedented financial incentives for employers to retain employees or bring back employees laid off after March 1, 2020. Whether they succeed or not remains to be seen. However, these incentives go well beyond the layoff aversion strategies of previous Stimulus efforts dating back to World War II.

To read the full text of this article by Duane Morris attorney Michael Bernick, with comments from Nanette Heide and Meagan Garland, please visit the firm website.

March 30, 2020August 31, 2020 by Duane Morris

CARES Act Offers Employers Aid with Some Strings Attached

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) is now law, having been enacted the same day Congress passed the bill. The Act is unprecedented in many ways, including the protections it affords various nonemployee segments of the workforce, such as gig-economy workers, sole proprietors, independent contractors and the self-employed, who have never had many of the protections afforded employees. Equally significant is the relief immediately available to employers to incentivize employee retention, but they must act quickly and decisively. For larger employers, the employee-retention incentives are welcomed relief, but they should be aware of the onerous obligations and stringent restrictions attached.

To read the full text of this Duane Morris Alert, please visit the firm website.