A study published by the Federal Authority for Government Human Resources identified seven measures that will help leaders and officials of employers, institutions and companies, in managing the economic crisis caused by the global spread of the Corona emerging epidemic (Covid-19), the most prominent of which is the formation of a multifunctional working group to deal with The effects of the virus, and "work to protect staff, to develop a flexible contingency plan, and to demonstrate resolve."

In detail, a recent study published by the Echo of Human Resources magazine affiliated to the Federal Authority for Government Human Resources confirmed that the pandemic of the Corona virus emerging (Covid-19), a real human tragedy that affected millions of people health and society, but its effects have been increasing on the economic side, suggesting measures that can To assist employer officials in dealing with the developments and economic impacts caused by the pandemic.

The study indicated that the first measures to "protect employees" by following the more conservative guidelines provided by leading global and local health bodies (such as the CDC and WHO), communicate with employees with due regard to the appropriate specialties, and support any affected employee in accordance with health guidelines, And make a standard comparison of the efforts of the company or institution with the efforts of other employers.

And she added that the second procedure is concerned with "preparing a multifunctional team to deal with the disease", provided that the team leader is at the level of the CEO, or immediately following it, noting that the team should be multifunctional, and dedicated for this purpose, so that it creates five tracks of action It monitors employees, tests financial stress, develops a company contingency plan, supply chain, marketing and sales, and other relevant institutions.

The multifunctional team also works to set specific and sequential goals for a period of 48 hours, as well as for a period of one week, for each course of action, based on the planning scenario, in addition to ensuring the achievement of a simple, but well-managed operational pace, and ensuring a system focused on achieving production and making decisions , With the notion of holding meetings only for meetings.

The study identified the third procedure as "stress testing, ensuring liquidity, and developing an emergency plan", calling for the development of customized scenarios that are appropriate to the conditions of the workplace and define the planning scenario. Variables that may adversely affect revenue and costs, profit and loss account and balance sheet must be identified in each scenario, and the factors affecting variables and inputs that may lead to large liquidity matters (including breach of agreements) are identified. Finally, determining the movements based on the factors affecting the achievement of organizational stability in each scenario (improving credit and debit accounts, reducing costs, and improving the investment portfolio through liquidations, mergers and acquisitions).

The fourth measure is "stabilizing the supply chain", which confirms the necessity of the employer's commitment to determine the likely range and duration of exposure to areas experiencing societal transmission of infection through suppliers, and stock levels. It must also work to achieve immediate stability of the employer by codifying the operations of supplying vital spare parts, improving alternatives, pre-booking rail freight or air freight services, using aftermarket shares as a transaction, increasing priority in supplier production, and supporting restarting supplier business.

The study stated that the fifth measure includes "staying close to dealers", with the aim of achieving immediate stability of the institution through planning its strategic stockpile, monitoring price changes in the near term, cuts, and achieving stability in the medium or long term, through investment and careful targeting of priority and expected sectors for them Long-term growth.

The sixth measure included "training the plan with the senior management team", through direct and comprehensive simulation exercise, and setting appropriate activation protocols for the various stages of response, with regard to the last procedure to "show resolve", by supporting efforts to combat the epidemic wherever possible, especially that The Corona Virus Crisis is a story with an unclear ending, but it is already clear what the tragic effect of the virus is on human beings, and therefore the urgent need for immediate action from employers to protect its employees, face business challenges and risks, and help alleviate the spread of the disease in all ways Possible.

The commission emphasized the need for the team leader to be at the level of the CEO or immediately following it.

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