The Ultimate COVID-19 #ConnectorsWhoCare Survival Kit - Third Edition
Posted by The O'Connor Group on April 7, 2020
Every day is a day closer to when this craziness ends. It’s been so hard on so many people and we will get through this together. We hope these tools and tips are helpful for you. If you or someone you know could use some help getting a product or service out there, please let us know. We are here for you!
Tip #1: SBA Funding Programs
On Friday, April 3rd, only a few banks online portals were ready to take applications for the Payroll Protection Program (PPP). On Monday, April 6th, all banks should be up and running for small businesses under 500 employees.
The PPP is a loan provided by the Small Business Association (SBA) designed to provide a direct incentive for small businesses to keep their workers on the payroll. The SBA will forgive the loan if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Make sure to keep a good record of your expenses to match up to the loan proceeds. Keep in mind your banker might have a different application to use, but make sure you have your files ready to download once you get into their portal! Stay tight with your accountant and banker!
The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic. This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.
See below for applications for both. Keep in mind, you can't get both!
Tip #2: Important Dates to Remember
Here are some important dates to keep in mind for your business:
- April 1st: Families First Coronavirus Response Act (FFCRA) in effect and April 18th is the enforcement date. Click here for the updated Q&A.
- April 3rd – June 30th: Paycheck Protection Program (PPP) Small Business Loan application period
- May 1st: New Form I-9 is effective
Tip #3: Updated CDC Guidelines
The CDC guidelines for cleaning and disinfecting your facility are changing often, so click here for the latest everyday steps, steps when someone is sick, and considerations for employers. The CDC also has other informative resources including a Household Checklist, Interim Guidance for Businesses and Employers, and FAQ's.
Our friends at Drucker & Scaccetti put out an amazing blog that explains how the CARES Act created temporary provisions affecting two types of taxpayers: those who wish to preserve depressed retirement assets, and those who need emergency liquidity from their retirement assets. If you need help determining how these provisions affect you, reach out to them today!
Business owners and HR professionals across the world are being forced to deliver layoff and reduction in force (RIF) notifications in a remote and stressful environment. To help these companies, we are teaming up with Careerminds again to provide a free webinar on the Best Practices to Implementing a Virtual Layoff on Thursday, April 9 at 2PM EST. Register here!
Tip #6: Don't Neglect your Mental Health
Now more than ever we need to be mindful of taking care of not just our physical wellbeing, but our mental health. Learn more about taking care of your behavioral health during an infectious disease outbreak here…and just for some added sunshine, the bright side of this COVID-19 pandemic!
Tip #7: Building New Healthy Skills
On Friday, April 3rd, we held our monthly Executive Women Breakfast Series (EWBS) meeting- virtually. We were honored to have Harriet Stein as our speaker. She did an OUTSTANDING job explaining mindfulness, especially during such a difficult time in our lives. One item she mentioned was related to an article in the Harvard Business Review ... explaining how the discomfort we are all feeling is grief. It has been an emotional time for all of us and we hope this article helps.
A children’s book that Harriet highly recommends reading to your children during this time is called Peaceful Piggy Mediation.
Lastly, one of our dear friends, Shawn Kent Hayashi and her company The Professional Development Group have wonderful videos that we want to share with all of you! They have a playlist that focuses on how to process yourself through fear and sadness as well as other emotions that get people stuck in times like this.
Tip #8: Let's get Virtual!
Although many businesses are experiencing hardship during this crisis, many are fortunately able to steadily operate, and even better, continue to hire! Organizations are being very creative when it comes to conducting virtual interviews. Whether you are in-person on virtually interviewing, you want to make sure you make the same impression on the hiring manager. Check out our Virtual Interview Tips for Candidates.
Our dear friend Laura Sicola, Founder of Vocal Impact Productions, is offering organizations a live interactive virtual training with five key strategies to confidently run an effective video conference. Reach out to her today to schedule your training or check out this synopsis video with key points that anyone can use.
If you are an employer and need assistance on conducting virtual interviews, our Talent Acquisition Team is ready to help!
Tip #9: OSHA Guidelines
Did you know that employers are obligated to provide their workers with personal protective equipment (PPE) needed to keep them safe while performing their jobs if they are considered essential workers? Learn more about keeping your workplace safe here!
Tip #10: Supporting Local Businesses
-Our friends at Founding Farmers Restaurant in the King of Prussia Town Center is offering free delivery of family packs of food, including proteins, produce, bread, and two rolls of toilet paper, even beer, priced at $35-$100. YES YES YES!
-One of our clients, 12th Street Catering, was recently in the news helping others! 12th Street Catering is working with USLI in helping to feed the Frontline Healthcare workers. If YOU or your company would like to help feed others, please click on this link – it’s also tax deductible!
-Our friends at Insomnia Cookies is now offering a number of delivery options for Insomniacs across the country – including those outside of their normal delivery radius. Learn more about their delivery options here. YUM!
-We highly recommend Rastelli’s for meats and more! It’s a local NJ business with easy delivery in dry ice, individually wrapped, high quality and delicious!
Did you Know?
The O’Connor Group has extensive experience working with employers in remote work environments, including developing communication strategies, tips and tricks for employee productivity and guidance for managers.
Ask HR Office Hours
Join us every Thursday afternoon for Ask HR Office Hours! Our experts will be hosting a live Q&A for all of your unanswered HR questions.
Use our Zoom Link to join!
Next session: Thursday, April 9 from 3-4PM EST
Weekly Silver Lining
Last week, we shared that some of our team members have been working hard to make face masks for health care facilities all over the country. We had an amazing response to this and have loved watching the resources flow! Here is the Face Mask Pattern and Face Mask Cutout if you want to take a stab at it. It might be fun to get back to an old hobby!
Remember, you can do anything for another week.
Stay well. Stay safe. Stay home!
Your TOCGRP Team
This information is provided for informational purposes only and should not be taken as legal advice. The O’Connor Group makes no representations as to the completeness, suitability, or validity of any information contained herein and will not be liable for any errors or omissions.