On Wednesday\, March 29\, at 2:00 p.m. EST\ , join John Polson and Sheldon Blumling with Fisher Phillips as they discu ss the \;recent liquidity issues created by the Silicon Valley Bank cl osure\, and those that followed\, led to a mad scramble. \; Hundreds o f millions of dollars in payroll hung in the balance for PEOs and their cu stomers. \; Fortunately\, SVB and other closures did not result in a l engthy disruption. \; Now what? \; Funding disruptions come in man y shapes and sizes. \; Banking is just one example. \; Even in nor mal times\, customers might not have funds for payroll because they have t heir own liquidity issues related to investor delays or a customer might j ust be circling the drain financially. \; If the recent banking kerfuf fle is a sign of things to come\, there will be more client funding disrup tions than we have seen in recent years. \; Preparing for client liqui dity issues is imperative to limit PEO exposure. \;
\nThis webin
ar will discuss PEO strategies for responding to client payment delays\, r
egardless of the cause. \; It will also cover related challenges that
arise in times of financial volatility\, including customer downsizings\,
compensation reductions\, and furloughs. \;
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