Fed unveils Main Street business lending program

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Fed unveils Main Street business lending program | Virtual hiring process is affected by biases, too | Pandemic's chaos can forge new paths, entrepreneur says

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April 10, 2020

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Fed unveils Main Street business lending program

(Olivier Douliery/Getty Images)

The Federal Reserve has announced the details of programs totaling $2.3 trillion, including the Main Street business lending program, aimed at businesses with up to 10,000 employees and less than $2.5 billion in revenue for 2019. "The Fed's role is to provide as much relief and stability as we can during this period of constrained economic activity, and our actions today will help ensure that the eventual recovery is as vigorous as possible," says Fed Chair Jerome Powell. Full Story: Reuters (4/9), CNBC (4/9)

Recruiting & Retention

Virtual hiring process is affected by biases, too To avoid unconscious bias, employers and interviewees should opt for an interview via phone call before video conference. With everyone staying home, not all interviewees are equipped to ready their appearance to overcome bias. Full Story: Fast Company online (4/8)

Leadership & Development

Pandemic's chaos can forge new paths, entrepreneur says Entrepreneur (4/2020)

Use this time of disruption to learn new skills SmartBrief/Leadership (4/9)

US weekly jobless claims rise by 6.6M Yahoo (4/9)

Benefits & Compensation

Tips for supporting workers battling addiction Experts say increased levels of self-isolation may lead to higher levels of substance abuse, and employers should be on the lookout for signs of addiction. Employers who note issues should support affected workers with a leave of absence and make sure there is an established drug and alcohol policy in place. Full Story: TLNT (4/9)

The HR Leader

How to develop an employee-driven learning culture A health care organization created a better learning culture by listening to employees' needs, building on strengths and developing a structured process for participation, writes Rod Githens. The successful approach helped the organization empower employees to learn rather than relying on trainers to lead the process. Full Story: HR People + Strategy Blog (4/7)

Workplace Chatter

NBA team chaplains offer encouragement, support

Jayson Tatum (Maddie Meyer/Getty Images)

Chaplains for NBA teams have been busy in recent weeks, checking in with players and holding virtual chapel services to uplift the spirits of the athletes and staff amid the coronavirus pandemic. In this Q&A, chaplains share what they're doing to encourage the athletes and nurture their spiritual growth. Full Story: ESPN (4/10)

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Success isn't determined by how many times you win, but by how you play the week after you lose.

Pele (Edson Arantes do Nascimento),
professional Brazilian football player

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