These are unexpected and difficult days. You’re very fortunate if Covid-19 has not disrupted your job or your workplace to some degree. Our office is experiencing the same kind of challenges.
Many people are working from home. If that’s an option in your industry, it’s a great blessing. These circumstances are forcing many of us to learn new ways to get it all done. When the Covid-19 contingencies are over, some industries will almost certainly choose to continue the work-from-home trend.
For now, however, many enterprises have little choice but to lay off workers. Millions of people are (at least temporarily) losing their jobs. It’s painful. It’s scary. But don’t lose hope because . . .
THIS WILL PASS.
Eventually, this storm will end. To most of us as individuals, this experience is new, but it’s not something new to the world. Others have weathered similar storms. We will get through this.
Soon millions of employers will need to ramp up again. People will start returning to their old jobs or finding new ones. If you provide leadership in your company, wisdom suggests you begin preparing for that now.
When your company begins to hire again, be prepared to screen every new employee for the Work Opportunity Tax Credit (WOTC). WOTC rewards employers with significant tax reductions when they hire people experiencing economic distress. Because of Covid-19 layoffs, when this is over, more new hires than ever will trigger this valuable tax credit for your company.
We can help to make it easy.