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HPA’s Talent and HR Resource Guide During COVID-19

HPA recently created a resource guide that aggregated information on finance assistance and business operations. Meanwhile, we continued to monitor news and developed this secondary resource guide that focuses on HR and talent topics, decisions and best practices.  Due to the financial impacts of the pandemic, companies are having to make tough business decisions. As…

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HPA recently created a resource guide that aggregated information on finance assistance and business operations. Meanwhile, we continued to monitor news and developed this secondary resource guide that focuses on HR and talent topics, decisions and best practices. 

Due to the financial impacts of the pandemic, companies are having to make tough business decisions. As a result, we wanted to provide you with relevant resources and tools you need to lead your company through this time. Quick links are below:

Last updated: May 4, 2020.


Quick Resource Guide Links:

Resource Centers:

  • Launchways: Features blog posts, resources, templates, HR checklists, guides, webinars, and more.
  • Cognos HR: Features communications, helpful resources and other updates for employers.
  • Hunt Club: Features blog posts about remote work, recruitment and navigating career uncertainty.
  • Wipfli: Features resources tied to business topics, including a section focused on talent and strategy.

Talent Resources

HR + Benefit Resources

Other Relevant Blog Posts and Webinars

See below for further context and information about these resources.

Talent Resources

Built In Chicago: Online community hub for Chicago startups and tech

Built In Chicago is an online community that provides information on job openings, tech news and events for the startup ecosystem in Chicago. Targeted for both potential employees and the employers.

Chicago Inno: Chicago Startups that are Hiring Right Now

The editors at Chicago Inno compiled a list of the startups in Chicago that are currently hiring. Targeted for potential employees.

Objective Paradigm: Resume Drop and Recruiting Support

Objective Paradigm created a resume drop for displaced employees to help with resume building, search strategies and other resources. Targeted for potential employees.

humanpredictions: Tech Recruiting Database

humanpredictions provides a database of candidates in the tech industry and utilizes public data to provide companies with organized data search tools. Targeted for employers.

Silver Lining: Free resource for Employees and Startups

Silver Lining is a free resource for employers and startups. It is 100% supported by donations from the startup community and includes a talent dashboard, job board and community support. Targeted for both potential employees and the employers.

Propllr: Chicago Startups that are Hiring Right Now

Propllr, a Chicago startup PR and content marketing firm, developed a list of Chicago startups that are actively hiring as a result of the recent changes in workforce. Targeted for potential employees.

Switch: Talent List for Startups

Switch was created to help connect laid off talent with businesses by developing a talent list for startups. Targeted for employers.

Chicago Superstars: Crowd-sourced Talent Database

Chicago Superstars is a crowd-sourced talent database and community. Targeted for potential employees.

Ama La Vida: Free Career Coaching

Ama La Vida is a team of certified career, life, leadership and health coaches. As a result of the economic impacts, ALV decided to offer free career coaching to those who lose their jobs due to COVID-19. Targeted for potential employees. 

Hirewell: Free Coaching Sessions

Hirewell is offering two free coaching sessions for anyone in need of support in their job search. Targeted for potential employees.

HR + Benefit Resources

What Employers Need to Know About the COVID-19 Outbreak

To help employers understand how the COVID-19 outbreak affects their workforce strategy, Launchways hosted a webinar that focused on the new legislative updates, impacts on benefits and processes (FMLA, STD and COBRA) and general HR best practices. To learn more, watch the pre-recorded webinar.  

How to Prepare Your Business for New COVID-19 Laws

In light of recent legislation, Launchways hosted a webinar that focused on workforce strategy, payroll and tax reimbursement, and employer benefit considerations. This webinar equips businesses with actionable strategies to implement the employer mandates and to take advantage of the new federal tax credit programs. Watch the pre-recorded webinar to learn more. 

The Differences Between Layoff and Furlough

Businesses are looking closely at their operations and, as a result, weighing difficult potential decisions involving their staff. A common question is wondering whether a company should lay off or furlough its employees. This article highlights the differences between the two classifications and what it means for employee benefits and access to unemployment.

Employee Separation Guide: States and Regulations Requiring Notices at Termination

Some states require employers to provide a separation notice to employees when they are terminated. Review this guide to understand each state’s requirement and to gain access to the necessary form and resource. 

Best Practices with Layoff Communications

What are the best practices for businesses to navigate layoffs, specifically in relation to the communication of layoffs to teams and individuals? Read this six-part article series that explores the following topics:

Handling Office Leases During COVID-19

Many companies are evaluating and wondering about what to do with their leases during this time. From rent relief to accommodating remote employees, Truss built a resource center with all the relevant lease information your company needs.

Telepsychiatry Solutions for COVID-19 from Insight + Regroup

Now more than ever, hospitals, employers, clinicians and individuals are understanding the value and benefits from telehealth. Insight + Regroup, as a leading telepsychiatry provider, provides information for an impactful telebehavioral health strategy. Read more to learn how this organization delivers services across the care continuum and their recommendations for telepsychiatry solutions.

People Priorities in Response to COVID-19

In an analysis from BCG, there are key topics that organizations should focus on in response to the pandemic. From health to workforce readiness to communication and support culture, read more about the people and culture responses to prioritize.

Lead New Ways of Working: Research and Tools

Business leaders are having to lead their teams through uncharted waters as we navigate the coronavirus pandemic. Gartner provided a hub of research and resources to help maintain operations, manage workforce and sustain organizations during the current pandemic and beyond. Learn more via webinars, articles, videos and more.

Holistic: Free Pulse Surveys

Holistic is providing free pulse surveys to companies, including a WFH version. These surveys are an easy way to measure employee engagement and listen to employees during a challenging time.

Other Relevant Blog Posts and Webinars

COVID-19 Is Hitting Growing Businesses the Hardest: Here’s What They Can Do

The coronavirus outbreak has impacted all industries in a variety of ways; however, there are unique impacts for early stage or growing businesses. Read this blog post to understand the challenges facing VC-backed startups or boutique companies and how to preserve the core functions of the business.

COVID-19 Q&A for Human Resources Professionals & Business Leaders

Similarly, Launchways developed this Q&A to discuss common topics relevant to HR and business leaders. Read this blog post to learn more about how to approach topics and concerns ranging from employee health and safety and remote working to terminations, payroll and unemployment insurance. 

11 Tricks Sourcers Need to Know in 2020

Depending on business needs, you may find your company looking to pipeline candidates. From promoting jobs to messaging strategy with candidates, watch this webinar from Sarah Goldberg, Sourcing Engagement Lead at Objective Paradigm, to discover useful tools during this time. 

Telebehavioral Health Across the Continuum of Care

In response to an increased demand, many organizations are turning to telehealth solutions for behavioral health services. In this webinar, Insight + Regroup discuss current trends, services for hospitals and individuals, as well as telepsychiatry’s role in this current COVID-19 pandemic. To learn more, watch the on-demand webinar.

Leveraging Telepsychiatry to Meet Patient Needs During COVID-19

Futhermore, telepsychiatry can be used to quickly respond to patients’ mental health needs while freeing up in-house resources. In response to the pandemic, legislation has been updated to enable telepsychiatry to be more readily available and utilized. Read this blog post to understand how to prepare and leverage telehealth for your organization. 

How to Manage OCD and Anxiety During the Coronavirus Outbreak

One of our portfolio companies, nOCD, helps to bridge the gap between mental health practitioners and people with obsessive-compulsive disorder. Learn more about this organization and its tips for managing OCD and anxiety in light of the coronavirus pandemic.

Creating a Supportive Work From Home Culture

There are many uncertainties in the working world today, and for many businesses, that is learning how to navigate an entirely remote workforce. In this blog from Objective Paradigm, learn more about how to create a supportive culture of working from home.

Adapting and Working in a Remote Environment

Hunt Club recently hosted a webinar that highlights the new realities facing business leaders and their organizations today. Specifically with an increase of remote working, there are needs to adapt to a new type of work environment. Watch the webinar recording to learn more.

Resource Guide Updates

We understand that your people and teams are a critical component to the success and health of your business. If you have information or resources to add to this resource guide, let us know. 

Additionally, we are continuing to closely monitor COVID-19 and evaluate how HPA can best be a resource to you during this time. Please don’t hesitate to reach out. 

Stay healthy,

The HPA Team

Source: https://hydeparkangels.com/hpa-talent-hr-resource-guide-during-covid-19/#utm_source=rss&utm_medium=rss&utm_campaign=hpa-talent-hr-resource-guide-during-covid-19

Private Equity

Boston startups expand region’s venture capital footprint

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth […]

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This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth mode, and investors back into the check-writing arena.

Boston has been an exemplar of the trend, with early pandemic caution dissolving into rapid-fire dealmaking as summer rolled into fall.

We collated new data that underscores the trend, showing that Boston’s third quarter looks very solid compared to its peer groups, and leads greater New England’s share of American venture capital higher during the three-month period.

For our October look at Boston and its startup scene, let’s get into the data and then understand how a new cohort of founders is cropping up among the city’s educational network.

A strong Q3, a strong 2020

Boston’s third quarter was strong, effectively matching the capital raised in New York City during the three-month period. As we head into the fourth quarter, it appears that the silver medal in American startup ecosystems is up for grabs based on what happens in Q4.

Boston could start 2021 as the number-two place to raise venture capital in the country. Or New York City could pip it at the finish line. Let’s check the numbers.

According to PitchBook data shared with TechCrunch, the metro Boston area raised $4.34 billion in venture capital during the third quarter. New York City and its metro area managed $4.45 billion during the same time period, an effective tie. Los Angeles and its own metro area managed just $3.90 billion.

In 2020 the numbers tilt in Boston’s favor, with the city and surrounding area collecting $12.83 billion in venture capital. New York City came in second through Q3, with $12.30 billion in venture capital. Los Angeles was a distant third at $8.66 billion for the year through Q3.

Source: https://techcrunch.com/2020/10/23/boston-startups-expand-regions-venture-capital-footprint/

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Private Equity

Alternative Investments/Real Estate: Housing Market Demand Is “Insane”

Speaking to CNBC on Power Lunch, Glenn Kelman, CEO of real estate brokerage Redfin (NASDAQ: RDFN), said he expected the current boom conditions in the housing market to last well into next year. He attributed the high demand to affluent professionals looking for remote homes as well as low interest rates. Also, he thinks some sellers will put their properties on the market only after the presidential election.

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Alternative Investments/Real Estate: Housing Market Demand Is “Insane”

https://platodata.net/wp-content/uploads/2020/10/alternative-investments-real-estate-housing-market-demand-is-insane.jpg

Redfin CEO Glenn Kelman says the boom could last into next year.

Speaking to CNBC on Power Lunch, Glenn Kelman, CEO of real estate brokerage Redfin (NASDAQ: RDFN), said he expected the current boom conditions in the housing market to last well into next year. He attributed the high demand to affluent professionals looking for remote homes as well as low interest rates. Also, he thinks some sellers will put their properties on the market only after the presidential election. (CNBC)

Kelman: Too good to last forever

“This level of demand is absolutely insane. I would expect it to last into 2021, at least,” Kelman said.

Recent data from the National Association of Realtors shows up the strength in the housing market.

Existing home sales shot up 9.4% in September beating expectations. Even though the median purchase price of a home rose approximately 15% year over year, there is just a 2.7-month supply of for-sale homes, showing tight market inventory conditions.

The 30-year fixed-rate mortgage averaged 2.80% for the week ending Oct. 22, down from 2.81% in the previous week and 3.75% a year ago, according to the Freddie Mac Primary Mortgage Market Survey. Therefore, mortgage rates crept even lower in the latest week.

However, “there’s no way it can last forever,” Kelman warned of the bullish conditions.

Canada: Off the charts

Meanwhile, at the northern neighbor, home sales activity in September is described as “off-the-charts.”

Housing data released by the Canadian Real Estate Association (CREA) last week showed a nationwide year-over-year increase in sales of 45.6%.

This was a new all-time monthly record for the third month in a row.

“This is starting to sound like a broken record (about records being broken), but Canadian home sales and prices set records once again in September … as they did in July and August,” said Shaun Cathcart, senior economist at CREA, in a statement.

Real Estate ETFs in the U.S.

The year-to-date performance of some real estate ETFs is shown below:

iShares U.S. Home Construction ETF (ITB)              +24.61%

SPDR S&P Homebuilders ETF (XHB)                          +20.83%

Vanguard Real Estate Index Fund ETF                      -13.91%

It may be noted that despite the boom conditions in housing, real estate ETFs and stocks have declined in recent days.

According to Barron’s, this may be due to yields on the 10-year and 30-year Treasuries moving higher in recent weeks.

Other reasons could be fears of inflation ticking up in the future amidst an improving economic situation.

Nevertheless, the view is that interest rates are likely to remain low for longer. So demand may remain strong.

“Part of what is fueling this boom is that the economy has just split into two and rich people are able to access capital almost for free, so, of course, they’re going to use that money to buy homes,” said Redfin’s Kelman.

Related Story:   Mortgage Rates Set Another Record Low; Real Estate ETFs Could Benefit

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Source: https://dailyalts.com/alternative-investments-real-estate-housing-market-demand-is-insane/

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Private Equity

Asda’s new owner EG Group seeks new leadership ahead of IPO – report

EG Group is owned by the billionaire Issa brothers and the private equity firm TDR Capital, who teamed up for a £6.8 billion takeover of Asda last month

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UK grocer Asda Group’s new owner EG Group is looking for a new chairman and independent directors as it prepares for a £10bn initial public offering, The Timesreports.

EG Group is owned by the billionaire Issa brothers and the private equity firm TDR Capital, who teamed up for a £6.8 billion takeover of Asda last month.

The move comes after Deloitte resigned last week as the company’s auditor because of concerns over the group’s governance and lack of internal controls, according to the publication.

A decision on candidates will be taken before the end of this year, although roles haven’t been finalised yet as the company is in the process of deciding whether to float in the UK or the US, The Times reports.

Write to Barcelona editors at barcelonaeditors@dowjones.com

From Dow Jones Newswires

Source: https://www.penews.com/articles/asdas-new-owner-eg-group-seeks-new-leadership-ahead-of-ipo-reports-20201023

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