4 ms·

The whole thing is fucked up. I have to bring back every single employee to convert my PPP loan to grant and also, use it within 8 weeks. None of them want to

The whole thing is fucked up. I have to bring back every single employee to convert my PPP loan to grant and also, use it within 8 weeks. None of them want to come back, and if they don't come back they will be out of a job and they won't get unemployment. But the business is dead. So as soon as 8 weeks are up, I will have to layoff again. Only 4 out of 10 employees that I laid off received unemployment. 3 were denied. 3 didn't qualify. They shouldn't have given an additional $600 to unemployed people. They should have given $1200 per month for 2-3 months to everyone. That way everyone who is employed is happy, and everyone is who is out of a job can survive. Anyone who wants to quit their job and stay home should have an option. I am not going to bring back 2 of my employees who are above 50. I don't want them to risk their life for my business.

xtiansimon 6y ago
> "I have to bring back every single employee to convert my PPP loan to grant and also, use it within 8 weeks. None of them want to come back [...] But the business is dead." There's no business, which means employees are paid to do nothing. And in return, business owners get up to 25% of the grant for approved expenses. That's the deal, and it's not a bad one. I keep hearing phrase 'come back' in this context from business owners, and it confuses me. No one has to physically return to the workplace to be paid from this grant money. Now, I have heard the stories about employees who 'receive more money on unemployment' than when they were working, because of the additional $600/week Cares Act benefit. With the PPP employees are paid the average of their weekly pay (PPP stipulation), or more. These individuals may certainly not wish to 'come back'. There is also the potential awkward situation for the employer, where they have a reduced staff expected to perform some job each day. The PPP requires you to return to 2019 levels of full-time employment. Now, you re-hire furloughed employees, but they have no job to perform (because they can't do it from home or something else). How is that fair? I get it. There are some difficult issues here, but saying simply that employees are just not wanting to come back is confusing the issues.

xtiansimon 6y ago

> "I have to bring back every single employee to convert my PPP loan to grant and also, use it within 8 weeks. None of them want to come back [...] But the business is dead." There's no business, which means employees are paid to do nothing. And in return, business owners get up to 25% of the grant for approved expenses. That's the deal, and it's not a bad one. I keep hearing phrase 'come back' in this context from business owners, and it confuses me. No one has to physically return to the workplace to be paid from this grant money. Now, I have heard the stories about employees who 'receive more money on unemployment' than when they were working, because of the additional $600/week Cares Act benefit. With the PPP employees are paid the average of their weekly pay (PPP stipulation), or more. These individuals may certainly not wish to 'come back'. There is also the potential awkward situation for the employer, where they have a reduced staff expected to perform some job each day. The PPP requires you to return to 2019 levels of full-time employment. Now, you re-hire furloughed employees, but they have no job to perform (because they can't do it from home or something else). How is that fair? I get it. There are some difficult issues here, but saying simply that employees are just not wanting to come back is confusing the issues.