As a business owner, you are in a vulnerable position. If an unexpected event occurs, such as a natural disaster, cybersecurity breach or staffing issue, it can impact your business and you are ultimately responsible. While hopefully you never find yourself in one of these situations, it is vital to have a contingency plan in place for your business in case of a disaster. Let’s discuss a few of the potential situations you may face and how a PEO could help.
Unfortunately, if you listen to the news, it seems like there is a cybersecurity problem occurring on an almost weekly basis. These man-made disasters can leave a business struggling to survive, let alone grow in the weeks and months to come. How would you be able to fight back and spring into action if one of these incidents targeted your business?
Having a PEO on call means that your HR is still operational and you may have access to other benefits, too. At PRemployer, for example, we partner with Realtime IT, a trusted leader in IT, to monitor our systems for potential threats. They can also assist clients to strengthen their cybersecurity stance, help create a security plan and provide real-time IT support in the event of a cyber attack or security issue. While cybersecurity is still a real problem, you can feel confident that your business is in good hands if you're targeted.
Be it a tornado, flood, wildfire, snowstorm or just a bad thunderstorm, natural disasters can wreak havoc on a business. Any of these disasters could lead to a power outage, destruction of your office, loss of supplies or many other serious consequences such as a disruption in payroll. When an issue occurs, employees still need to receive their paychecks. Therefore, keeping the flow of pay is crucial during a time like this.
By choosing to work with a PEO (professional employer organization), you can keep the HR side of your business up and running, including payroll administration. By outsourcing HR to a PEO, you’ll have someone who can handle the day-to-day HR operations that your company and employees rely on to stay afloat, even during the most severe disaster. Realtime IT can also be a huge asset in terms of data recovery when a natural disaster strikes.
Trying to operate your office when you don't have a full staff in place can be hugely challenging. However, you'll find that some staffing problems are more difficult than others. One of the more difficult situations to face is when you have HR or payroll people leave your company or you have a consistently high turnover in the HR department. When this occurs, you will often feel the impact throughout all areas of your organization - and not in a positive way.
You can effectively eliminate the risks of high turnover rates by partnering with a skilled and experienced PEO. Your talented PEO will handle all of the functions of your HR department, including hiring, payroll, and benefits management, and help you optimize your business operations.
As you can see, a disaster could essentially shut you down if you aren't prepared. If you hope to keep your business up and running as normal in the event of a disaster, you need a contingency plan. We recommend partnering with a PEO to assure the ever-important HR department is never down for the count, no matter the disaster. Learn more about PRemployer and discover the benefits of a PEO during disaster situations as well as on a day-to-day basis.