Updated: March 24, 2020
Neider & Boucher, S.C. has recently published, among other things, an employment law FAQ on various workplace issues, a primer on Force Majeure clauses, a review of the Family First Coronavirus Response Act (FFCRA), and an unemployment insurance overview. For simplicity, the firm is also making available the following quick-reference guides for various topics which will be periodically updated as more information is made available.
INFORMATION SHEET #1: Reductions vs. Furloughs vs. Layoffs vs. Termination
The following PDF provides a high-level summary of some of the key differences and features of various workforce strategies for employers faced with the suddenly reduced revenue streams. Federal and state governments are attempting to provide additional revenue streams to assist employers in maintaining their workforces to the greatest extent possible, but understanding the options available to employers is critical at this time.
INFORMATION SHEET #2: Coronavirus and Cashflow Considerations
As identified under Fact Sheet #1, the Federal and state government efforts to provide financial relief in the form of tax credits, cash grants, loans and other financial resources have been rolled out through a number of different agencies, each with its own eligibility and documentation requirements. Information Sheet #2, which will be updated as additional information comes online, attempts to organize what programs and resources are available to business owners and how and when businesses can access those resources.
The guidance provided above is general in nature and readers are encouraged to reach out to Neider & Boucher, S.C., or to their own legal counsel to determine the applicability of these issues to their own personal and/or business needs.