However, global recession is coming, he predicts.

The novel coronavirus (COVID-19) pandemic raises many employee benefit and compensation considerations for employers. We examine key issues relating to COVID-19 and provide suggested strategies for employers to prepare for these issues.

With schools being closed, businesses being shuttered, and government functions being doled out on an "essential" basis, the impact is being felt far and wide. It is the virtual Wild, Wild West with so much uncertainty and so many questions.

"The undersigned organizations employ millions of individuals who are faced with this crisis and are doing their best to manage their personal and professional lives in the face of uncertain times. Many companies have instituted mandatory work-from-home measures to limit community," reads a letter from companies and trade organizations to California Attorney General Xavier Becerra.