Impact of the Pandemic on Small Businesses | SHRM


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New data from SHRM reveals the effects of the COVID-19 pandemic on small businesses. The state of small business could go from bad to worse in the near future, as 52 percent expect to be out of business within six months as they continue to face layoffs, furloughs and lost revenue. As for relief efforts, many small businesses remain in the dark when it comes to the Families First Care Relief Act (FFCRA) and the Paycheck Protection Program.

Small Business Resources for Rebuilding Post-Pandemic: https://shrm.co/4sp4dz

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Strong businesses and dynamic workplaces power the economy. As the voice of all things work, workers and the workplace, SHRM is shaping the way employers and employees thrive together. As a driver of social and economic change in the workplace, we foster mutually beneficial work environments that serve both businesses and individuals. SHRM impacts 115 million employees through the work of its more than 300,000 HR and business leaders globally. Learn more at SHRM.org and on Twitter @SHRM and via #WeAreWork and #TalkWorkCulture.

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