ISSUES BUSINESSES ARE FACING
What is the new normal going to be like for American businesses? This is a hot topic around socially distanced circles right now. Just last week, The White House released guidance for states to begin to reopen, suggesting that employers begin to bring their workforces back online, and where possible back into the workplace.
Below are questions that should be considered in your planning:
- When local governments give the green light, will you require employees to return to the workplace?
- Do you have essential employees who are at a higher health risk and may not yet be able to return to the workplace?
- Are your employees who have elementary age children able to access safe childcare options until the schools reopen?
- If your workforce has been reduced because of layoffs, when will you start to hire again?
- Has your IT Department and Human Resources Department implemented solutions to support the hiring and onboarding of remote / dispersed new hires?
- With fewer employees, what can be done in the short term to provide support to the employees carrying the extra workload?
- With an increased reliance on technology to operate, will your less technically skilled employees required training to stay relevant in the new norm?
- Are you modifying training programs to reach remote employees?
- In planning for your business to not only emerge from this crisis, but rebound quickly, do you have the ability to quickly scale up to meet market demands?
For many businesses, their 2020 forecasts and budgets have been scrapped. Future planning for the next 30 days, three months and even into 2021 is at best a guesstimate. Conversely, economic studies indicate that not far into the future a labor shortage is likely to emerge from the aftermath of this crisis.
Already tight labor markets such as manufacturing are predicted to get more competitive as the US reduces its dependence on China. Experts suggest that the aging workforce, lower birthrates and immigration policies are significant contributors to a shrinking US workforce. Now more than ever, organizations are challenged to successfully execute both the day-to-day demands and take on special projects.
Resource Solutions can provide you with highly experienced, flexible professionals who can quickly ramp up your workforce and in turn seamlessly scale back as your business needs stabilize in the “new norm.”
- Interim professional resources from the C-Suite to Middle Management
- Technical Accounting - supporting external and SEC reporting and implementation of new accounting standards
- General Accounting Operations – Account Reconciliation, Financial Statement Preparation and Review and support Month End Close Reporting
- Financial Planning, Analysis, Budgeting and Forecasting
- Document Processes, Create Standard Operating Procedures and provide Audit Support
- Bridge Gaps in Personnel and Technology Needs