10:30AM (Pillar) Pathman Lewis:Short Term Compensation Plans: A Tool For Business Re-Opening
Date and Time
Friday May 29, 2020
10:30 AM - 11:30 AM EDT
Description
Pillar Event
Short Term Compensation Plans: A Tool For Business Re-Opening
featuring Aaron Tandy | Pathman Lewis
The CARES Act has expanded federal funding for Short Term Compensation Plans. Learn how a short term compensation plan through the Florida Department of Economic Development could be a helpful business re-opening tool to manage your payroll and staff needs.
+ Definition of Short Term Compensation Plan
+ Section 2018 of the CARES Act provides federal funding for states like Florida that have STC programs in place through December 31, 2020.
+ Florida’s SCT program is authorized by Fla. Stat. 443.1116 as part of a voluntary program to retain workforce even when hours are reduced.
+ Eligibility Requirements under Florida’s STC program run through the State Department of Economic Opportunity (“DEO”)
+ Considerations for making use of an STC in transitioning to re-opening businesses full time
+ Benefits to Employer (retain employees during a temporary slowdown and avoid having to recruit and train new employees when business conditions improve)
Register in advance for this meeting:
https://us02web.zoom.us/meeting/register/tZYodOGqqTovGtI5bpks1Ppqxcrtlflncvxw
After registering, you will receive a confirmation email containing information about joining the meeting.
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