Facing Realities and Building New Strategies Following the COVID-19 Global Pandemic

by | Jul 30, 2020

Facing Realities and Building New Strategies Following the COVID-19 Global Pandemic

By Lisa Miller, Manager of Project Management and Laurence “Bear” Miller, Manager of HRIS and Project Management

As a result of the COVID-19 pandemic, organizational leaders have been met with unprecedented challenges directly impacting their business services, practices, and workforce composition.  The National Bureau of Economic Research conducted a survey of more than 5,800 small businesses and found several main themes.  First, mass layoffs and closures have already occurred.  In their sample, 43 percent of businesses are temporarily closed, and businesses have – on average – reduced their employee counts by 40 percent relative to January. Second, businesses have widely varying beliefs about the likely duration of COVID related disruptions.

Overnight shifts to virtual workplaces have reinforced the need for digital transformation of HR and Payroll operations, which was already sorely missing from many organizations prior to the global health crisis.  But now the case could not be clearer.  According to a poll by HR Executive, few organizations…

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