Even under these unprecedented circumstances, some companies are continuing to operate smoothly. What’s their business continuity secret? They acknowledge the challenges and also focus on the opportunities to make their company more resilient.
We offer 5 important business continuity strategies for companies on a mission to stay alive, stay relevant, and come out of this pandemic less harmed:
Invest in remote work setups
Since 2010, the amount of people that work remotely once a week has grown by 400%. (Hubspot Research) Prior to the global pandemic, only 41% of global businesses offered remote work flexibility (flexjobs.com). Now is the time to increase your company’s investments in videoconferencing tools and collaboration software, many of which do not require a huge budget.
Consider contract employment
Contract employment gives businesses the freedom to “hire talent on-demand”. The flexibility and scalability of contract staffing allows businesses to achieve their long-term and short-term growth targets, which makes this staffing solution ideal for challenging economic times.
Keep communicating with & supporting your employees
It becomes extremely crucial to calm and reassure your workforce during such uncertain times. Employers must encourage upskilling, boost morale with special incentives and schedule regular video calls etc to maintain your teams momentum.
Plan for the future
Use this decrease in pace to re-evaluate and identify new business opportunities. Start building new connections, growing your social media presence and developing a strong comprehensive plan for COVID19 recovery.
Support your client base
Show your clients that you are here for them, and that you care about them. Avoid pushing for sales and take the time to listen to their concerns. Strengthen existing relationships by providing solutions that will appeal to them and that are relevant under existing circumstances. It is important to be recognize and plan that your customers’ requirements might change post COVID19.
It’s important for businesses to be adaptable and open to change. Post COVID-19 the world will likely be a different place, at least for the next little while, and businesses that are set up to adapt to the “new normal” will have the competitive advantage.