In Case You Missed It: Launch Links - March 2020 #5


Some interesting links we found across the web this week:

Your Employee Tested Positive for COVID-19. What Do You Do?
During this global pandemic, many employers and human resource departments are facing unprecedented challenges with their personnel. In such uncertain times it’s critical to use emotional intelligence in order to make employees feel supported and safe. This HBR article explores the delicate subject of how to respond when an employee tests positive for COVID-19. The article goes step-by-step through the process, discusses confidentiality issues and even provides sample language to use when speaking to an affected employee.

COVID-19: Recent Changes to Unemployment—What Employers Need to Know
Unemployment claims have skyrocketed as COVID-19 causes nationwide shut-downs. President Trump recently signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law in order to expand unemployment insurance due to the public health crisis. This stimulus package has prompted questions among individuals and employers about how it will change unemployment benefits. This WilmerHale alert summarizes the changes the law will have on individuals who have experienced job loss and what employers need to know.

What Your Startup Can Do to Survive COVID-19 
COVID-19 is jeopardizing the livelihood of many founders that have poured their savings into their new business. This article from Medium goes through questions every startup or small business CEO needs to ask and provides advice on how to survive during a recession.

How to Scale Up Your Startup Workforce Without Killing Its Culture 
Culture can quickly be lost when businesses rapidly expand. While businesses are currently scaling down due to the present state of the economy, soon enough conditions will improve. This article by TechWorld goes through four examples of UK scale-ups that recently grew their workforce at a rapid rate. The article covers what each company learned and how they would alter their strategy if they had the chance at a do-over.   

Here’s What You Need to Know About Equity if You’ve Been Laid Off 
One attractive aspect of working at a startup is receiving equity. However, equity may be furthest thing from an employee’s mind if he or she has just been laid off. With the COVID-19 pandemic prompting layoffs nationwide, employees and employers should educate themselves on equity. This Crunchbase article goes through types of equity, time frame considerations, the exercising process and tax implications. 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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