Company Restoration in the New Normal – 5 C’s Restoration Strategy
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
Five leading North Fulton-based HR professionals contributed to a GNFCC HR Forum panel discussion on these topics and much more. The host of “The GNFCC 400 Insider” is GNFCC CEO Kali Boatright, and the show is presented by the Greater North Fulton Chamber of Commerce and produced by the North Fulton studio of Business RadioX®. Business RadioX is the Media Sponsor for this series of Economic Recovery Forums.
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
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.
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
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.
Compliance is an integral part of an organization, regardless of whether you are overseeing a global enterprise or running a small business. Compliance helps companies to avoid white collar-crime, corruption, ethics issues, and other pitfalls. It’s also essential when it comes to tax issues, federal and local laws, industry requirements, workplace safety, employee rights, and data management.
Although you can create a team to oversee all the compliance requirements, you can’t leave all the workload to them. All members of your company must understand compliance, know why it matters, and act accordingly. This means developing a culture that fosters compliance throughout the organization. Here’s how to create a positive compliance culture.
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.
JOHNS CREEK, GA – Flex HR, Inc. has been selected for the 2019 Best of Johns Creek Award in the Business Human Resources Consultant category by the Johns Creek Award Program.
Each year, the Johns Creek Award Program identifies companies that we believe have achieved exceptional success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These outstanding companies help make the Johns Creek area a great place to live, work and play.
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.
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: