Recommendations to Assure Employees and Reduce Potential COVID-19 Impact
Print this checklist for easy reference.
Employee Communication
✔ Communicate existing workplace wellness, work-from-home, sick and PTO policies. Consider changes.
✔ Any employee or those with a family member showing signs of sickness must stay home.
✔ If an employee COVID-19 case is confirmed, inform others but respect confidentiality.
✔ Identify minimum service required to function. Consider rotations.
Business Continuity Planning
✔ Test work-from-home procedures and technology.
✔ Develop strategies to conduct business without business travel for an extended period.
✔ Cross-train employees especially where you have a single point of failure.
Supply Chain
✔ Evaluate potential interruption of any points of the supply chain.
✔ Ask suppliers to provide their continuity plans.
✔ Review contracts with key suppliers.
✔ Evaluate alternative vendors and suppliers.
Revenue Impact
✔ Develop plans for a 25%, 50% or 75% decrease in revenue.
✔ Review business disruption insurance for adequacy.
✔ Evaluate products, services, and markets for new revenue streams.
Physical Environment
✔ Provide on-site stock of sanitation supplies.
✔ Engage cleaning service for deep cleaning.
✔ Train employees on best practices for employee contact and social distancing.
Customer Impact
✔ Assess potential impact/delay to customer shipments/service.
✔ Communicate with customers whether or not you expect a service impact.
Leadership
✔ Communicate often with your staff.
✔ Show concern but not panic.
✔ Take care of your employees first.
✔ Lessons learned from the Great Recession.
Cash Position
✔ Evaluate your balance sheet and cash position.
✔ Reduce fixed or discretionary costs wherever possible.
Actions to Reduce Risk
(focus on items that are Urgent and Important)
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