While the need to cut costs at many businesses is top of mind right now, there are measures to consider before laying any staff off. Here are some ideas.
Communicate openly with staff: Keep your team members fully up to date on the financial health and future plans for the business. Engage with them in brainstorming exercises to discover ideas for pivoting to service the new COVID economy. Your team members know the business better than anyone. Engage with them to find a collaborative approach forward.
Treat everyone equally: If measures such as a temporary wage cut will prevent jobs being lost, ensure you lead by example and extend that cut to everyone, including management. Sharing this pain highlights how you are all in this together. Communicate your plan for getting things back to normal so staff are reassured measures will only be in place as long as necessary.
Review all options: Just because a business hasn’t done something before, shouldn’t stop an action becoming an option. The businesses best positioned to thrive during COVID are nimble in their thinking and quick to pivot. Don’t be afraid to lean on the available supports announced by the Government of Canada, if applicable.
We have created resources to help businesses reopen safely and operate safely and efficiently as we move through the phases of the BC Restart Plan:
Reopening Your Business
How to reopen safely. Get general and industry-specific guides and supports.
Getting Back to Business
Articles on different aspects of operating during CPVID-19, including PPE, cost-savings, and more.