Smart SMB March 2020

Page 26

26

HR

Navigating the HR impact of Covid19 — By Diksha Vohra

Claire Donnelly, a Business Growth and HR Strategist helping medium size companies to scale up using proven systems, discusses the tough challenges ahead from a HR perspective SmartSMB / March 2020

The impact of the Coronavirus pandemic on companies has hit hard and fast. Business owners are having to look at innovative methods to manage their business and their workforce whilst considering the constant moving and updating situation and the financial impacts on their Profit & Loss. Although it is unclear how long the measures and involving situation will impact businesses, companies are wise to take immediate action to re-

duce company financial loss, which unfortunately will affect employees. With restrictions on travel in place and rumours of more travel restrictions ahead, this uncertainly could be an opportunity to change business practices whilst at the same time save costs to a company. Overseas business meetings can take place virtually, there are many solutions to holding virtual discussions, reducing the need to travel. Business travel should be limited to essential travel only, taking into con-


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