Tax Analysts Chief Economist Martin Sullivan estimates the federal government will directly subsidize more than half of the US workforce. As much as 60% of that subsidy will come to workers through their employers, according to the $2 trillion coronavirus relief package passed last month.

Organizations often will implement a hiring freeze to cut costs and avoid layoffs during economic downturns, but this strategy can create damage -- bruised morale, poor performance -- in the long run, says Brian Formato, CEO and principal at Groove Management. A headcount freeze is a more effective option, allowing companies to maintain full-time staff numbers, recruit for top talent and eliminate low performers.

"Heat experiences" -- high stress, high-stakes situations that occur during times of turbulence and change -- must be handled carefully to nurture growth and avoid turnover and burnout, writes Chris Watz of the Center for Creative Leadership. Watz offers four ways trainers and coaches can prepare their teams to handle, and benefit from, these experiences.

Companies looking for ways to conserve cash to ride out the recession that is likely to follow the coronavirus pandemic are reducing, postponing or suspending contributions to their employees' 401(k) plans. Employee benefits consultants and lawyers say companies from a wide range of industries are asking for advice on how to scale back or suspend contributions to employee retirement plans.

Continuing to connect with clients, prospects and other contacts is important even if you can't do it in person, consultant Michael Goldberg writes. He offers eight ways to network virtually, including webinars, virtual meetings, social media and targeted emails.