Natural disasters, like Hurricanes Harvey, Irma and Maria, can have devastating consequences that not only impact personal well-being and properties, but people’s businesses and work lives as well.
According to the Federal Emergency Management Agency (FEMA), almost 40 percent of small businesses never reopen their doors after a disaster. Whether your business is small or large, helping employees during these tough times can leave a lasting impression. Companies that do survive natural disasters often undergo critical stress tests that gauge the health of their leaves policies, employee assistance programs, benefits plans and more.
While business owners’ immediate focus is often on rebuilding, reopening and maintaining customer relationships, it’s also important to ensure you retain your biggest business asset: your people.
Assisting employees during stressful times, and helping to alleviate additional job-related worries, can go a long way toward nurturing the long-term trusting relationship that employees desire with their employers that keeps them happy and engaged.
It’s important for business owners to consider:
- Unplanned absences and their impact on business outcomes
- How to determine your absence-related costs
- Importance of leaves policies to encourage employee engagement and retention
- The complexities of managing leaves and mitigating risk
- Employee time-off requirements
To learn more about how to prepare and manage your business through natural disasters attend our ReImagine Series webinar “Natural Disasters Can Help Drive a “Climate Change” in Your Business Leaves Policies.” The 30-minute free webcast takes place on November 1, 2017 at 1 p.m. ET. Register here!