YOUR TEAM.
You have spent countless hours training, encouraging and building your dream team. We understand this is probably at the top of your mind.
The Texas Workforce commission is doing their best to help employers.
The Texas Workforce commission is doing their best to help employers.
Layoffs
Should you decide to let your team go, you should visit the mass layoffs website they have put together. Mass Layoffs Resource Page. This will provide you the information you need to have discussions with your team regarding what benefits are available to them it also simplifies the process for the employees to ensure a smoother transition as you submit some paperwork on their behalf.
Furlough
If you are wanting to keep your team and reduce their hours or furlough them, check out the Shared Work Plan. This is a great solution if you plan on keeping your team on reduced hours and would like them to be able to supplement their income until normal hours resume.
Sick Leave
New laws put in place require sick leave to be offered to many employees. That cost may be offset by tax credits however that can create cash flow challenges for some employers required to absorb the costs up front.
For certain circumstances related to COVID-19, employees will be eligible for:
- Up to two weeks of sick leave (full pay for self, 2/3 pay for family care) for illness, quarantine, or school closures
- Up to 12 weeks of Family and Medical Leave Act (FMLA) leave for school closures (10 days unpaid and then up to 10 weeks at 2/3 pay)
- The FMLA and Paid Sick Leave sections discussed below will go into effect on April 2, 2020 and expire December 31, 2020.
- It appears there is no retroactive application.
- FMLA expansion
- Paid sick leave
- Payroll tax credit
- Group health plan benefit mandate
Department of Education – Federal Student Loan Relief
COVID-related guidance: If you’re having trouble making payments, contact your loan servicer as soon as possible. If you have a Federal Perkins Loan, contact your school. You can easily avoid the consequences of delinquency or default by staying in touch with your servicer or school.
Your servicer or school can provide information about deferment or forbearance options that allow you to temporarily stop making payments on your loans. You may also be able to change to a different repayment plan that would give you a lower monthly payment.
Your servicer or school can provide information about deferment or forbearance options that allow you to temporarily stop making payments on your loans. You may also be able to change to a different repayment plan that would give you a lower monthly payment.
