Company Restoration in the New Normal – Not Restructuring, but Restoration

May 18, 2020by Flex HR Flex HR No Comments

Company Restoration in the “New Normal” – Not Restructuring, but Restoration

By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive

In Part 1, we identified some of the more important characteristics that will be driving the New Normal. In this discussion we will focus on how business professionals should be looking to respond to the New Normal.

First and foremost, it is clear that many companies are and will be faced with survival, pure and simple, doing whatever they can do today to ensure they are in business tomorrow. This is a reality that must be dealt with. Some will make it, many won’t.

That aside, if the company has enough ‘liquidity runway’ to reenter the marketplace than the question is how? As we return to the world of commerce, it will be clear to all involved that is not going to be business as usual.

Company Restoration in the “New Normal” – No Going Back to Normal

May 11, 2020by Flex HR Flex HR No Comments

Company Restoration in the “New Normal” – No Going Back to Normal

By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive

“I’m not Chinese. I thrive in interesting times.”
~ Charles de Lint ~

In both culture and commerce, we live in what many would consider “interesting times” – as stated in the old Chinese proverb. A proverb, by the way, that is intended as a curse, not a blessing.

Our “interesting times” have officially decimated the worldwide economy, ravaged social norms, and rattled the psyche of many. As we come out of this pandemic-driven calamity we face a truly “new world.” Whether it will be a “brave new world” is yet to be seen; however, a “new world” it will most certainly be.

Over 30M File for Unemployment as the Coronavirus Hammers Businesses in the US

April 24, 2020by Flex HR Flex HR No Comments

Over 30M File for Unemployment as the Coronavirus Hammers Businesses in the US

The COVID-19 pandemic is taking a devastating toll on the US economy, and the unemployment rate is continuing to expedite. More specifically, non-essential small to mid-sized business employers are being forced to furlough and layoff their employees due to reduced working, as well as productivity efforts, and forced closed doors.

Under the CARES Act comes a new Employee Retention Tax Credit (ERTC) that will help some businesses, while the Paycheck Protection Program is available to aid small businesses only (less than 500 employees). “I compare it to a natural disaster, a terrorist attack and a financial shock all at once,” said Gregory Daco, chief U.S. economist at Oxford Economics. “We’ve never had this in history.” In fact, the unemployment rate today is the highest since the Great Depression, at over 18%*. Not only is there a steep rise in layoffs but a severe decline in the job market as companies have had to freeze or cancel their hiring growth plans.

Coronavirus Conversation with Flex HR: Your HR Employee Management Questions Answered

Dr. Ernie Ward, executive director of education for Vertical Vet, provides communication and updates regarding information your business needs to survive during the Coronavirus Pandemic.

This discussion focuses on staff, meeting payrolls and dealing with the unfortunate possibility of layoffs or furloughs. Joining the conversation is Jim Cichanski, CEO of Flex HR located in Johns Creek, a suburb of Atlanta, GA. Jim speaks to the numerous questions concerning the new Families First, Coronavirus Aid, Relief and Economic Security (CARES) Act and other legal actions that companies should comply with. Flex HR are experts in outsourced HR management.

COVID-19 HR Quick Guide for Small Businesses

March 25, 2020by Flex HR Flex HR No Comments

COVID-19 HR Quick Guide for Small Businesses*

FMLA for small Businesses
(under 500 Employees)

There are several basic different benefits under the provision of the Family First Coronavirus Response Act (FFCRA or Act). Flex HR of Atlanta provides the Covid-19 HR Quick Guide for small businesses. These guidelines give small business owners clarity and confidence to proceed with handling their employees during the Covid-19 pandemic. Maintaining compliance and keeping within the parameter of regulations is imperative for all companies to adhere to during this confusing time. If you have any further questions after to the following guidelines, please contact Flex HR directly:

General Guidelines:

Employers will receive 100% reimbursement for paid leave pursuant to the Act.
Employers will get paid for via Payroll tax credits.
Businesses under 50 employees can request an exemption to provide the leave under this Act where the viability of the business is threatened.
Items in this Act will most likely apply from a date in January that will be defined in the April 2nd completing of the rules.
If a business developed a paid leave plan for COVID-19 in the past month, that policy must be exercised prior to using this Act’s provisions (unless overwritten in final instructions).

COVID-19