Welcome to the Small Business Rundown. Each day, we bring you stories that impact small business owners and their workforce.
Small Business News Highlights for June 15:
- Supreme Court rules in favor of LGBTQ worker protections
- Coronavirus liability weighs on the minds of SBOs
- Hiring managers report optimism despite 10-year low
Supreme Court rules in favor of LGBTQ worker protections
“An employer who fires an individual merely for being gay or transgender defies the law.”
The United States Supreme Court handed down a landmark decision today, making it illegal across the country for employers to discriminate against gay, bisexual, and transgender employees. The ruling was based on cases involving gay men who were terminated from their jobs due to their sexual orientation.
The justices lined up on the issue 6-3, with Justice Neil Gorsuch writing the majority opinion. The ruling will extend workplace protections to millions of American workers, since prior to the decision, it was still legal to discriminate in over half of the states.
Coronavirus liability weighs on the minds of SBOs
“My biggest concern about reopening is the threat of lawsuits.”
The fear of liability ranks high on the list of COVID-era concerns keeping small business owners up at night, so much so that the Chamber of Commerce is collecting firsthand accounts of SBO liability fears.
The Chamber points to a recent survey that found that the majority of small businesses are worried about the liability they face if their workers become ill from the novel coronavirus.
Senate Republicans are currently drafting legislation that would put measures in place to protect business owners as long as they are following their local health department guidelines.
60% of managers expect hiring to reach pre-pandemic levels in 2020
“The past weeks and months have seen the labor market transform overnight, with many industries halting hiring instantly, while others including healthcare, e-commerce, and logistics saw immediate growth. These numbers reveal the depth of the impact this crisis has had on hiring intentions across our country, yet we are beginning to see very early signs for cautious optimism.”
While U.S. hiring intention has reached a 10-year low, 60% of hiring managers surveyed recently reported that they expect hiring to reach pre-pandemic levels by the end of 2020.
While experts warn that the signs of economic recovery are fragile and depend on the trajectory of new infections, they do point to a 10% increase in hiring for certain positions over the past 10 days. These positions include both essential and non-essential workers, including healthcare, drivers and stock positions, and IT roles.