Adapting Your Business To Account For An Economy Bruised By The CoronaVirus Pandemic

The CoronaVirus has delivered an indiscriminate blow to several sectors of the economy. Few have been left untouched. Businesses, schools, and even several departments of government offices were all forced to cease operations temporarily.

With each passing day, the indirect dangers of the pandemic become more apparent. Those who choose to stay home may not suffer from the health risks that the virus poses, but they are bound to suffer the economic damage caused by the virus.

All kinds of businesses, from small businesses to international corporations, suffer from the effects of the forced community quarantines as well as the abrupt need to enact organizational changes.

To mitigate the effects of quarantine, many businesses have opted to take their operations online. A few are being allowed to operate with a skeleton crew. If you intend to follow suit these are are a few ways that you can effectively adapt your business to the conditions caused by the pandemic:

Teleworking

Community-wide quarantines are sure to restrict your ability to hold meetings. However, you still need to address the important issues in your company. This is where platforms such as Zoom and Discord become extremely valuable. They allow your members to keep in touch with each other.

The suite of tools that allow for collaborations is also going to be your primary means of working with your team. This also means changing the way you perform paperwork for your team members.

Employees may need to find their own options. This pay stub system is a perfect example of a method that helps employees perform functions that they would have asked HR to process for them in the past.

Food And Product Delivery Services

A good number of businesses are shifting to the use of delivery services in order to cater to their customers. Restaurants have shifted their efforts toward take-out and delivery services, while retailers have also seen a significant increase in providing a delivery option to their customers.

Shifting your distribution towards deliveries allows you to get your products to your customers without making them expose themselves to the virus.

Additionally, with most businesses suspended, this works to your advantage.

It keeps your business relevant at a time when the vast majority of businesses have suspended their operations. You are, figuratively and literally, there for your customer when other businesses aren’t.

Special Business Hours

In the retail and grocery sector, business hours have been adjusted to minimize contact between customers and employees. These reduced hours are necessary to make time for deep cleaning teams to disinfect the premises regularly. This includes cleaning the floors, the carts, and other equipment.

Incentives And Discounts

Another way that businesses can stay relevant is by rolling out promos and discounts to customers. This keeps your businesses relevant while also giving customers much needed relief during this period of financial strain.

Your customers are likely to remember which businesses were of big help during these trying times. During periods like the great depression, people formed lifelong loyalties to brands that provided relief in dark times.

We need to adapt to the circumstances presented to us constantly. As difficult as they may be. It’s important to consider these changes because there seems to be no end yet to this pandemic.

We might have to endure for a few more months and even a year. Whichever the case is, you’re going to be better off by setting up contingencies while you still can.

© New To HR