Methods to Analyze Your Workforce and Manage Costs
As organizations navigate the economic challenges created by the COVID-19 pandemic, most are faced with the immediate concern of managing cash flow. They will need to effectively engage in a balance sheet management exercise in the short term. Here are the action HR and business leaders can take now to react and respond to the crisis.
- Manage through attrition
- Ensure consistent leadership and identify critical roles
- Create near-term financial flexibility
- Analyze return-to-work strategies
For more insights on how Aon can help businesses respond to the current pandemic, including stakeholder communication, health and benefits impacts and business continuity planning, please contact us.
Disclaimer: This document has been provided as an informational resource for Aon clients and business partners. It is intended to provide general guidance on potential exposures, and is not intended to provide medical advice or address medical concerns or specific risk circumstances. Due to the dynamic nature of infectious diseases, Aon cannot be held liable for the guidance provided. We strongly encourage visitors to seek additional safety, medical and epidemiological information from credible sources, such as the Centers for Disease Control and Prevention and the World Health Organization. As regards insurance coverage questions, whether coverage applies or a policy will respond to any risk or circumstance is subject to the specific terms and conditions of the insurance policies and contracts at issue and underwriter determinations.
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