Business Concerns With COVID-19
With the recent COVID-19 situation, businesses must adjust the way they operate day-to-day, including having their employees work remotely. If you provided company equipment, hopefully there is a handbook or agreement that dictates how the employees will handle the equipment. And there should be a remote-work agreement that dictates how the employees will adequately safeguard company information (this would include internet protocols).
Or perhaps you are forced to let some employees go due to the downturn. You could lay them off, or you could furlough them. There could be issues if there are employment contracts involved. Either way, there should be a letter setting out your intentions.
With the current situation, there could have instances where people are having problems completing contracts with the restrictions and shutdowns in place. A review of your current contracts goes a long way in determining your course of action.
Even if none of these circumstances apply to your company, now is the time to review your current contracts and agreements to determine if they’re up to date; if they are legally compliant; and if they address present-day situations, such as COVID-19.
If COVID-19 affects your company, please reach out to me so we can discuss and address any events disrupting your business.