Posts Tagged ‘covid-19’

Looking After Your Best Assets While Working Remotely

June 5th, 2020

remote working video callOne of the direct effects of Covid-19 on the US workforce has been an increase in remote work.
Telework had been on an upward trend for a few years, but the figures have nearly doubled since the outbreak. Remote work is praised for boosting morale, generating engagement, and improving productivity, so it’s not surprising many employees actively sought this option even before the pandemic.

But telework has potential downsides. If your business has suddenly had to adopt this arrangement because of Covid-19, it’s important to ensure that you look after your employees – after all, productive and happy employees are your company’s best assets. Here’s a brief guide to improving employee productivity, engagement, and mental health whilst working remotely.

Keep Them Engaged

Read the rest of this entry »

How To Help Your Business Survive COVID-19

March 25th, 2020

The Coronavirus pandemic is a serious threat to our country and the rest of the world, and the US government and the CDC (Center for Disease Control) are working to slow down the spread of the disease. It is also a threat to the US economy with businesses of all shapes and sizes already feeling the impact.

So what can you do to increase your business’ chances of surviving throughout this difficult time?

Check Your Cash Flow – One of the first things businesses need to look at is their cash flow forecasts. Include details like supplier payments, employee wages, taxes, property rents etc. The Coronavirus pandemic is like nothing we have ever seen before, so factoring in as many variables as possible can help prepare for the worst. To be forewarned is to be forearmed.

Shore up Supplier Relationships – Another essential thing to do is to speak to your suppliers. If you have a good relationship with your regular suppliers this will help a lot, as it is in their interest as well that your business survives so you can continue to be a loyal customer.

Create Special Offers – On the same note, speak to your own customers and clients. Come up with ideas to offer discounts, upgrades and freebies. Is there a way you can adjust your pricing and terms? Retaining your loyal client base is essential to the on-going survival of your business.

Other Things You Can Do – Speak to the bank, call the tax office, and ask for extended payment plans and timings if necessary. Take a look through your current terms and conditions and update and adapt where necessary. You may need to update your cancellation clauses, and service or delivery lead times. It is essential to ensure that you and your business are not overly exposed at this current time.

The CDC (Center for Disease Control has provided this Business Pandemic Influenza Planning Checklist with specific actions businesses are advised to take and includes the following steps:

  • Plan for the impact of a pandemic on your business
  • Plan for the impact of a pandemic on your employees and customers
  • Establish policies to be implemented during a pandemic
  • Allocate resources to protect your employees and customers during a pandemic
  • Communicate to and educate your employees
  • Coordinate with external organizations and help your community

Read the rest of this entry »