Having learned hard lessons from past crises, CFOs acted quickly during COVID-19 to conserve cash and contain costs. Yet short-term cost-cutting alone won't be enough to enable companies to emerge stronger from the COVID-19 crisis. To emerge stronger, you should redirect costs to the right growth drivers. Resetting costs and reshaping businesses for growth can begin with three actions.
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When it comes to a return on company culture investment, the days of uncertainty are over. Culture can no longer be seen as a soft extra. Culture is now a proven science, backed by rigorous research and statistical analysis. The fact that businesses can establish a quantifiable link between culture and financial performance unlocks incredible potential for revenue growth.
If remote management of people is done well, it can be a game-changer. BPM’s HR Consulting Partner Jill Pappenheimer brings 30 years of experience and offers a spectrum of things to think about in terms of best practices, policies, practical tips, and some tactical thoughts to help you rethink how to effectively manage people and preserve productivity from a remote standpoint. When done well, it will help foster collaboration and strengthen your company culture.
The COVID-19 pandemic challenges all aspects of work. For businesses attempting to return to work, there are many new liability risks and employer obligations to consider. How an employer assesses, implements, and communicates new policies and procedures will have a lasting impact on employee productivity, engagement, and commitment. This playbook is designed to assist companies and organizations in developing their risk mitigation strategy and coverage-specific issues related to people, property, and loss prevention.
Organizations of all sizes have been in survival mode since the beginning of 2020 to get through the pandemic and the economic downturn that followed. But now, as the world moves towards recovery and growth, entities must carefully consider their unique circumstances and risk exposures when analyzing how recent events may affect their financial reporting. In addition, businesses will need to properly account for and memorialize any stimulus money received from the federal government.
For leaders and organizations, it has been hard to make the right moves amid the COVID-19 pandemic. But during any time of crisis, it's people who are the ultimate differentiator. In this Briefings Magazine issue, it begins with a cover story on Reading the Future and the questions on every CEO’s mind. Other voices in leadership share their ideas, advice, and plans on talent, compensation, the global economy, inclusion, and living a purposeful life.
When more and more positions require duties to be carried out almost exclusively on computers, many employers are offering the option of working from home. This guide provides you with tips and suggestions to help you remain engaged and stay on track with your new working environment. In response to COVID-19, included is a Telecommuting Policy and Procedure that can be updated as appropriate for your organization.
For employers with less than 500 employees who provided benefits under the leave program of Families First Coronavirus Response Act (FFCRA), a separate line of identification and reporting is required on the W-2 Form. Guidance is provided in the IRS Notice 2020-54 to help employers properly report 2020 emergency paid sick leave and expanded family medical leave wages paid to employees under the FFCRA.
With the lifting and re-evaluation of the "shelter in place" orders amid the COVID-19 environment, it is critical to have a responsible plan when restarting business operations. Recommended guidelines for the workplace—including worker health and wellness precautions, COVID-19 testing options, office work considerations, and employee benefits eligibility guidance—are outlined to ensure preparations are made to see through the crisis.
How we think and feel impacts our health, decision making and actions. Learn from 30 years of research on how people react during times of adversity, and the most effective ways to cope and grow. You’ll gain insight into your personal resilience profile and discover how you can help others deal with the demands of this challenging time.