At Kuno Creative, our mission is to help companies we believe in get results. This is the third in a series featuring our clients, their mission and how they’re pivoting their marketing strategy in the midst of the coronavirus pandemic.
In the thick of the coronavirus pandemic, many companies are experiencing an overwhelming sea of change. At the beginning of 2020, executives showed up to work ready to dive into their normal routines. Managers met to plan for future growth, accounting departments paid bills and issued paychecks and human resources focused on hiring/retention, performance reviews and staff training. Now, in these uncharted waters of the COVID-19 crisis, companies are being forced to simply stay afloat by reducing costs, absorbing lost revenue and cutting jobs during this unprecedented economic downturn.
As a leading professional employer organization (PEO), FrankCrum is experiencing a change in its routine, as well. Having partnered with small and midsize companies for more than 35 years, FrankCrum staff would typically spend their days providing clients with back-end support, such as payroll processing, benefits management, workers’ compensation and other compliance-related HR activities.
Now, their focus has pivoted to offering real-time consultations along with the supporting data to educate executives, accounting teams and human resources departments about paid work leave, wage reimbursement, business loans and unemployment programs.
Here are some examples of how FrankCrum is using its responsive crisis-management strategies to help companies regain control of their budgets and staffing needs during this global pandemic.
Medical and Family Leave and Employment Compliance
The federal government recently approved legislation to pay employees if they are unable to work due to COVID-related circumstances. This Families First Coronavirus Response Act (FFCRA) covers employees who are sick and/or quarantined or employees who are caring for their children and other family members.
How FrankCrum Can Help
FrankCrum also makes sure employers are staying compliant with respect to furloughs, layoffs and terminations. If you’re asking yourself “what’s the difference between a layoff and a furlough,” that’s the type of question FrankCrum can answer.
Payroll and Benefits Management:
One new federal Payment Protection Program (PPP) focuses on the needs of small and midsize businesses to help them pay up to eight weeks of payroll and benefits costs, mortgage interest, rent and utilities in the form of a forgivable loan.
Another program, the Coronavirus Aid, Relief and Economic Security Act (CARES), offers a refundable credit for 50% of qualified wages when the employer must suspend/halt operations or has decreased revenues due to the pandemic.
A third program, the Social Security Tax Deferral, allows employers to defer paying their portion of federal social security until the end of 2020.
You can choose one of these programs to file for financial relief, but if this sounds cumbersome and has left you confused, you don’t have to face it alone if you have a PEO partner by your side.
How FrankCrum Can Help
This back-end support means business owners and accounting departments can spend less time researching and applying for loans and managing confusing payroll deductions and more time on other urgent matters. And best of all, this extra support is free of charge since it’s covered by FrankCrum’s regular PEO service fees.
If you’re an employee applying for or already receiving workers’ compensation and your job is furloughed due to the coronavirus outbreak, you may qualify for partial unemployment.
How FrankCrum Can Help
As federal and state governments issue new emergency orders and economic relief acts to address the coronavirus crisis, companies are expected to keep current in order to manage the safety of their employees while meeting their fiscal needs. FrankCrum has adjusted its real-time support to help its clients navigate these daunting and complicated issues. They have dedicated representatives to answer questions, send frequent email communications with policy updates, host webinars to provide more in-depth knowledge, and publish helpful blog posts on a continuous basis. They have even created a COVID-19 resource page on their website that offers insights to assist clients, partners, businesses, and the community. Visit the resource page to browse articles and webinars for updates and expert advice.
For all of these reasons, we’re thankful to have a partner like FrankCrum PEO! They have been the lifeboat that has helped Kuno Creative steer its ship in the right direction to weather this COVID storm.