Distress in the workplace lately? You’re not alone. Flex HR consultants often get asked to come speak to business in various industries regarding the vital HR functions to keep their businesses sustained properly. Thus, Flex HR offers a Human Resources Bootcamp for business owners and managers.
Companies of all sizes are incessantly adapting to varying new working environments as the Coronavirus pandemic continues to take a toll on businesses throughout the U.S. We are excited to share Flex HR’s article “How to Design A Successful HR Strategy For Returning To Work During Pandemic” which has been featured by ITB Partners. This piece outlines the importance of workplace flexibility and communication in order to overcome new office challenges as employers and their employees to return to the workplace.
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
We are in our last installment of “Company Restoration in the New Normal.” I hope you are finding it informative and it is prompting some of your own thoughts about what to expect as we conduct business in this new world, we have found ourselves.
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
In Part 2, we discussed the underlying factors of the New Normal that will force a more intense way of looking at fixing companies that have been broken by this global calamity. Building off of Restructuring and Turnaround approaches, we identified the increased difficulty and complexity associated under the New Normal and introduced the concept of “Restoration.” Restoration efforts will require fixing distressed businesses in an environment where not only they themselves, but their entire marketplace – customers, suppliers, lenders, etc – are distressed also.
Five leading North Fulton-based HR professionals contributed to a GNFCC HR Forum panel discussion on these topics and much more. The host of “The GNFCC 400 Insider” is GNFCC CEO Kali Boatright, and the show is presented by the Greater North Fulton Chamber of Commerce and produced by the North Fulton studio of Business RadioX®. Business RadioX is the Media Sponsor for this series of Economic Recovery Forums.
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
In Part 1, we identified some of the more important characteristics that will be driving the New Normal. In this discussion we will focus on how business professionals should be looking to respond to the New Normal.First and foremost, it is clear that many companies are and will be faced with survival, pure and simple, doing whatever they can do today to ensure they are in business tomorrow. This is a reality that must be dealt with. Some will make it, many won’t.
That aside, if the company has enough ‘liquidity runway’ to reenter the marketplace than the question is how? As we return to the world of commerce, it will be clear to all involved that is not going to be business as usual.
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
“I’m not Chinese. I thrive in interesting times.”In both culture and commerce, we live in what many would consider “interesting times” – as stated in the old Chinese proverb. A proverb, by the way, that is intended as a curse, not a blessing.
Our “interesting times” have officially decimated the worldwide economy, ravaged social norms, and rattled the psyche of many. As we come out of this pandemic-driven calamity we face a truly “new world.” Whether it will be a “brave new world” is yet to be seen; however, a “new world” it will most certainly be.
The COVID-19 pandemic is taking a devastating toll on the US economy, and the unemployment rate is continuing to expedite. More specifically, non-essential small to mid-sized business employers are being forced to furlough and layoff their employees due to reduced working, as well as productivity efforts, and forced closed doors.Under the CARES Act comes a new Employee Retention Tax Credit (ERTC) that will help some businesses, while the Paycheck Protection Program is available to aid small businesses only (less than 500 employees). “I compare it to a natural disaster, a terrorist attack and a financial shock all at once,” said Gregory Daco, chief U.S. economist at Oxford Economics. “We’ve never had this in history.” In fact, the unemployment rate today is the highest since the Great Depression, at over 18%*. Not only is there a steep rise in layoffs but a severe decline in the job market as companies have had to freeze or cancel their hiring growth plans.