A number of small businesses are “despondent,” one source told HR Dive. But there’s hope the federal government could soften the law’s impact.
AUTHOR Ryan Golden
U.S. small businesses and their employees are living through unprecedented times. As the COVID-19 epidemic continues, many are concerned with the day-to-day as state and local governments close or otherwise restrict business operations to halt the spread of the disease.
Amid fears of a declining economy, Congress passed and President Donald Trump signed into law emergency legislation. The Families First Coronavirus Response Act (FFCRA) includes several provisions, but two of them have a particular impact on employers with fewer than 500 employees. Such firms employed 47%, or some 59.9 million people in the U.S. in 2019, according to data from the U.S. Small Business Administration — just shy of half the country’s workforce. Read more