If your small business won some of the billions of dollars in PPP loans, you now have longer to spend the money. It’s also easier to convert that loan into a grant so you won’t have to repay it.
President Trump on Friday signed into law the Paycheck Protection Flexibility Act, which smooths the path for small-business owners to qualify for loan forgiveness. The House of Representatives last month approved the legislation after business owners complained about spending requirements forcing businesses to use 75 percent of the loan on payroll. The Senate approved the measure by unanimous voice vote earlier this week.
In the past, at big company moments, it was often the CEO and CFO breaking the news to employees, shareholders, and other stakeholders. A distinctive feature of the coronavirus pandemic has been to elevate the role of the CHRO, who is often visibly helping CEOs manage the present and lead their companies into the future. At Verizon, for example, since March 11, CEO Hans Vestberg and CHRO Christy Pambianchi have led a daily all-hands for the company’s 135,000 employees. At Accenture, Chief Leadership and Human Resources Officer Ellyn Shook now meets virtually with company leaders twice a week — instead of in-person once a quarter — to discuss key people and operations issues. And at Cisco, Chief People Officer Fran Katsoudas is leading, with CEO Chuck Robbins, a weekly meetings for all 75,900 employees.
Picture this: your company recently decided to create a new website to generate more leads, but with other projects piling up and hiring limitations related to the COVID-19 crisis, the task seems impossible with current staff. You can’t do this one alone; you’ll need to hire an expert. While it seems like a daunting task, hiring an expert is the perfect solution to completing projects without the long process of hiring and onboarding a full-time employee. Now, you may be wondering, what should I look for when hiring an expert? While the specific traits you need vary, depending on your company and the type of project, there are some general tips that can guide you in selecting the right expert for the job. To help you in your new endeavor, we’ve compiled a list of the top traits to look for in an expert.
Could your business benefit from our expertise during this crisis? Contact KRESS today for exemplary customer service and a custom solution for your needs. We are here to help.