Personnel management in the face of today's challenges

The consequences of the coronavirus are forcing companies to face challenges such as remote working, security, staff remuneration and management.

Remote work means working from home through a variety of platforms and sharing work and ongoing projects with employees over the Internet. Popular and in-demand platforms that make this process easier for you are: Zoom, Slack, Microsoft Teams, Skype, Google Meet, Google Drive, Google Calendar and so on. Zoom weekly downloads increased 20-fold compared to weekly data for the last quarter of 2019, Microsoft users have doubled compared to November, and Google Meet usage increased 25-fold compared to January. In consultation with employees and depending on the specifics of your work, you can choose the appropriate platform and share it with them.

Security protection also includes cybersecurity and workplace security (when one cannot work remotely). In response to these challenges, it would be better to take the following steps:

• Better educate remote employees about cybersecurity so they do not fall victim to so-called Internet fishing. Avoid suspicious and unknown links and files in your home with various devices connected to the Internet. Provide your employees with links to videos that protect your network and email. For example:
• Securing Wi-Fi network - Safe Wi-Fi connection
• How can you keep your Google account secure?
• Split your employees into multiple groups and keep working to avoid the risk of infection and quarantine for the entire staff. Try to distribute all key positions that are important for the company among several employees.

To maintain staff, save the next three months' salaries to cover necessary expenses under difficult operating conditions. To pay salaries, you can sell unprofitable and low-yielding assets or take bank loans. When burdened with short-term liabilities, we must take into account and evaluate the income of the post-crisis period, as it will be necessary to serve the increased liabilities. The decision between selling assets and borrowing must be made on the basis of working capital.