No one will disagree that 2020 was perhaps the most challenging year for many businesses than any other we have witnessed in our lifetime. Organizations were forced to navigate the rapidly changing environment in their service provision. As organizations adapt to new realities in their workplaces, technology will become vital in addressing most of the issues. Here is a look at some trends in human resources that will shape 2021 and beyond.

The federal government is in its final stages of a program that will help small businesses remain operational during the coronavirus pandemic. With the coronavirus pandemic posing eral challenges to businesses, the government is looking for ways to support small businesses. President Biden announced various revisions to the Paycheck Protection Program (PPP) approved by Congress last year. The new tweaks put in place by the Biden administration gives exclusive access to the loans to the smallest of small businesses in the US.

As a small business owner, employee benefits are a critical component that you must take into account. The coronavirus pandemic has subjected employees to untold suffering, and acute financial stress never witnessed before. The financial issues originated from losses made by organizations. This has plunged many employees into poverty as more than 60 percent of employees were stressed about money while around 40 percent lacked adequate savings to cover their over $400 expense. As the pandemic bites, what you need to ask yourself as a small business owner is, how many benefits am I providing to my employees? For employees, financial benefits are important because it relieves them of pain such as the one we are now experiencing. However, even without the pandemic, one must ensure employees get employment benefits in different forms. Here are some financial benefit ideas that can help your employees: