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Business continuity plans were tested
It’s hard to imagine a multinational corporation ceasing operations. That is until now. Seemingly large operations that may seem too big to stop had to grind into a halt. Businesses that have emergency continuity plans have had those plans tested. And those who don’t had to scramble in order to adjust. Some businesses had to resort to skeletal forces or working from home while many were forced to shut down completely.
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As a result of massive shutdowns, some companies couldn’t help but let go of a lot of people. After this pandemic is over, corporations and even small businesses should review their HR policies in regard to procedures during pandemic-like situations. Management should create mandates pertaining to skeletal forces, extended leaves, and emergency disbursement of funds for employees in need.
Employee healthcare should be prioritized
A lot of employees are learning the hard way what happens when their health insurance stops kicking in, the moment they stop working. According to Michael Saltzstein, employers should look for ways to keep their employees insured, regardless if they are able to work or not due to emergencies such as this.
Michael Saltzstein specializes in risk management and corporate insurance. He served as the Chairman for Risk Management Task Force, Local General Chairman, Local Officials Chairman, and Local Safety Chairman Of USA Swimming. For similar reads, visit this blog.