Covid-19; A Great Business Reset!

In 2020, the largest health and economic crisis in recent history affected all businesses highlighting gaps and vulnerabilities. It forced companies across sectors to take extraordinary measures to protect their people and maintain operations and customers.

As the COVID-19 pandemic continues to evolve, there has never been a more pressing need for organizations to RESET! Companies had to rethink and reconfigure their businesses’ performance, and DIGITALIZATION was the solution!

As per several surveys, companies were classified into 3 categories. The huge win was for those that had already scaled digital technologies and solutions. Those that were still scaling faced a reality check. As for those that hadn’t yet started adopting digitalization, the pandemic was a wake-up call for business leaders of these companies to embrace digital transformation.

If there were any remaining doubts about the necessity of digital transformation to business longevity, the coronavirus has silenced them. In a contactless world, the vast majority of interactions with customers and employees must take place virtually. Operating digitally is the only way to stay in business through lockdowns.

Most business leaders have decided to launch digital transformation initiatives including the adoption of Human Resources Management (HCM) solutions. HCM consists of applying all available technology to the activities that the HR teams carry out daily. This can improve decision-making and processes such as payroll, benefits, attendance and performance management or hiring. It also improves communication and collaboration across the organization as it keeps the staff and business connected and safe. HCM is a solution for all companies to manage time attendance, flexible schedules, staff rotations and remote clock-in/out, so that they would succeed in accommodating remote working.

Digitizing at least some part of your business is the solution to keep it running as smoothly as possible during the COVID-19 outbreak and to better prepare for the recovery phase.