New report reveals how companies are adjusting to COVID-19 pandemic

As the impact of the COVID-19 pandemic on businesses and the economy continues to mount, executives in different industries are also seeking innovative ways to protect the health of their employees whilst reinforcing their companies’ resilience.

A new recent report by Philip Consulting examined some these strategies that companies are adopting  to protect their employees, clients, and partners from the effects of COVID-19 were highlighted. Some of these strategies include:

• Formation of Crisis Management Teams: Here, organizations create a committee to make policies and provide information to executives and front line staff on topics like awareness, prevention and great hygiene.  They also handle employee safety and other future developments; covering issues like protocols for remote working, daily safety check-in, etc.
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• Monitoring Business Impact: Senior leaders hold dedicated meetings to monitor business impact in efforts to protect or sustain business functions.
• How businesses are preparing for post covid-19 era 
• Business Support for Clients: Here, Firms develop strategies to communicate with their clients to help them navigate the challenges and uncertainty generated by coronavirus.
• Using Virtual Training: There has been a fast expansion of training opportunities within enterprises. A lot of organizations are making use of platforms such as Zoom, Teams etc. to render bespoke training to clients.

It was noted in the report that business leaders and organizations should be prepared for the new normal recovery phase for Covid-19.



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