Summer storm season has arrived: Is Finance ready?

Businesses everywhere are at greater risk for costly damage from the severe storm season this year. And yes, COVID-19 is to blame.

The 2020 Atlantic hurricane season will be a doozy:
• 13 to 19 named storms (winds of 39 mph or higher), of which
• 6 to 10 could become hurricanes.

That “above average” storm activity forecast comes straight from the National Oceanic and Atmospheric Association.

And like just about everything else, the coronavirus makes this summer storm season more troubling this year.

Here’s why hurricane season could prove more costly for businesses this go-around.

Business continuity fell by the wayside

With so many businesses, especially on the east coast, closed for so long, business continuity plans may not have received the attention they deserve.

Not only that, but key tasks may not have been performed on the regular, such as:

• files getting backed up or moved for off-site storage (IT has been pretty swamped), and
• routine maintenance on your building which could leave you extra vulnerable to flooding.

While the storm season runs from June 1-Nov. 30, the most severe storms tend to hit in the second part of the summer. So you still have time to review your plan.

Touch base with everyone from IT to your facility manager to ensure you’re ready for summer storm season.

Need more information?

Premier Learning Solutions is offering a workshop, Prepare Your Payroll Department for Emergencies, Crisis, and the Unexpected.

Live: Wednesday, July 29, 2020 at 1PM (ET) Also available on-demand

Some of the topics it covers include how to:

• Implement a plan for critical processes that keep your company going
• Determine who should hold what responsibilities for each part of the plan
• Document and communicate tasks to your team
• Identify and utilize appropriate technological resources
• Create a sustainable, easily executed strategy that’s tailor-made for your company, and
• Keep your plan consistent with regulations and the current climate.

The speaker is Dayna Reum, CPP, FPC, who is currently the Payroll Tax Manager at PetSmart Inc. She has been heavily involved in the payroll field for over 15 years. She also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee).

Click here for registration and more information.