On September 11, the U.S. Department of Labor (“DOL”) promulgated revisions and clarifications to its April 1 regulations interpreting the Families First Coronavirus Response Act (“FFCRA”). That Act, applicable to most employers with under 500 employees, provides paid sick leave of up to 80 hours and two weeks of unpaid time off followed by 10 weeks at partial pay to workers who can’t work because their child’s school or daycare provider has closed. The DOL stated that the changes...
1/ Introduction, Management summary:
Unfortunately, as we understand now, COVID-19 will not go away in a matter of weeks or months. Even with a vaccine, scientists have doubts about a prompt turnaround of the situation we are in. It is to be considered as a major disruption on top of others, as the world trade rebalancing with the ongoing trade wars, global warming concerns, and the geopolitical instability that will contribute to profound structural evolutions of our economies for the...
The Council on September 25, 2020 approved €87.4 billion of financial support to 16 member states in the form of EU loans under SURE – a temporary EU instrument to mitigate unemployment risks during the COVID-19 crisis.
The support will help the member states finance the severe increase in public expenditure incurred as of 1 February 2020 as a result of the use of national short-time work schemes and similar measures, including for self-employed persons, and some health-related measures in...
New Normal Under Construction (Life after COVID) Research is a study that aims to support anyone, especially leaders, to balance reflection and action for decision making in the present, with eyes on the possible futures.
For businesses, governments, and society, it has become clear that it is crucial to keep ourselves on our feet to develop anticipatory innovation and antifragility skills. This research dives into the uncertainties of today and the decade to understand how to tackle them best...
With the help of our members, we are creating a Thought-Leadership series on the impact of COVID-19 on Labor & Employment from the perspective of both sides of the Atlantic. Today, we present Jessica X. Rothenberg, Associate at Troutman Pepper LLP in New York, and Tabita Costantino, Associate at Portolano Cavallo in Milan, Italy, who will address “The Effect of COVID-19 on Employee Benefits: Considerations in Italy and the United States.” |
The United States and Italy have both been, and continue to...
An analysis of countries outside the European Union. DOWNLOAD the full index here: The EIB COVID-19 Economic Vulnerability Index - An analysis of countries outside the European Union |
There is a lot that we do not yet know about the health effects of COVID-19. We do not know how the virus is spreading, or why it is causing a high death toll in some countries and a lower one in others. We do not know when we will find...
Develop a financial plan so you can evaluate strategies, consider creative alternatives, work through different scenarios, and collaborate with your team.
Reimagine your business and forge a new path forward in how you serve your customers.
Utilize dynamic modeling to understand the financial impact of business decisions — and so you can adjust accordingly.
Identify leading indicators and forecast stimulus packages and tax credits.
As you set your sights on 2021, it’s probably hard to imagine how to...
Who Needs to Know
All employers covered by the FFCRA.
Why It Matters
Employers must ensure that their policies and practices addressing FFCRA leave are consistent with the DOL’s revised regulations.
As we previously covered, on August 3, the U.S. District Court for the Southern District of New York (SDNY) struck down four parts of the regulations issued by the U.S. Department of Labor (DOL) implementing the Families First Coronavirus Response Act (FFCRA). Specifically, the decision invalidated the regulations’ availability of work requirement, intermittent...
Who Needs to Know
Employers who are reopening (or have already reopened) by bringing employees back to their workplaces.
Why It Matters
Bringing a workforce back to the workplace, whether from teleworking, furlough or layoff status, is an exercise with many moving parts. Employers need to follow a reasoned strategy to address COVID-19-related risks and other considerations associated with recalling some or all of a workforce to develop a sensible back-to-work protocol.
Troutman Pepper is issuing a series of client advisories, Navigating Adapted Operations, to...
Many countries are making “green” recovery measures a central part of stimulus packages to drive sustainable, inclusive, resilient economic growth and improve well-being in the wake of the COVID-19 crisis. However some countries are also implementing measures that risk having a negative environmental impact and locking in unsustainable growth, according to new OECD analysis discussed by member country ministers today.
New OECD analysis, Making the Green Recovery Work for Jobs, Income and Growth, indicates that OECD member governments have committed USD...