Labor and Employment

Article from CNBC: https://www.cnbc.com/2020/04/09/federal-reserve-unveils-details-of-its-much-anticipated-main-street-lending-program.html “The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments. Stock futures jumped after the announcement, which came moments after the government reported that 6.6 million new jobless claims were filed last week. Among the Fed’s measures were details regarding its Main…

Click here for information on the Preliminary Requirements Checklist for the SBA Paycheck Protection Program: https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3A78dc967d-5cab-4d27-ad08-0c91f51c6f57

Click here for information on the Preliminary Requirements Checklist for the SBA Paycheck Protection Program: https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3A78dc967d-5cab-4d27-ad08-0c91f51c6f57

The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed into law on Friday, March 27th. The act includes a provision for SBA loans to businesses meeting certain qualifications with loan forgiveness and payment deferral relief options. Click here for more information: https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3A63096d6e-b0cb-4321-885a-543f5398407b

Salt Lake County issued a Public Health Order entitled “Stay Safe, Stay Home” that is currently in effect and will continue to be in effect until at least April 13, 2020 and can be extended as needed. The intent of the Order is to ensure the “maximum number of people self-isolate in their homes and…

For Employers, Layoffs Are Not the Only Answer As the spread of COVID-19 in the United States worsens and disrupts the economy, many business owners are looking for answers on how to keep their business afloat. As employers attempt to wade through the current uncertainty, they will be looking for ways to cut costs, and…

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) has important provisions all businesses should be evaluating right now.  The Paycheck Protection Program (PPP) allocates almost $350 billion to help small businesses keep their employees and prevent other losses caused by the COVID-19 pandemic.  PPP loans are 100% federally guaranteed and the funds may…

On Friday, March 27, 2020, President Trump issued an Executive Order (the “Order”) requiring the Secretary of Defense to begin the process of recalling members of the Armed Forces Reserve and Ready Reserve components. If you have employees who serve in the reserve component of any branch of the armed forces, this Order may trigger…

Unemployment claims have skyrocketed in Utah, as in other states, since the outbreak of COVID-19. Many employers are concerned that the spike in claims will cause their unemployment insurance premiums to dramatically increase. On March 25, 2020, the Utah Department of Workforce Services (DWS) issued guidance on this topic: https://jobs.utah.gov/covid19/uifaqemployers.pdf. First, DWS indicated that the spike…

The Department of Labor has published “Questions and Answers” to assist employers with complying with the Families First Coronavirus Response Act: https://www.dol.gov/agencies/whd/pandemic/ffcra-questions. This document provides plain-language guidance to practical questions. Formal regulations from the DOL interpreting the Act are still forthcoming.