The consequences of coronavirus force companies to face challenges such as remote work, security, personnel compensation, and management.

Remote work involves and means working from home through a variety of platforms, sharing work and ongoing projects with employees via the Internet. Popular and demanded platforms that will make this process easier for you are: Zoom, Slack, Microsoft Teams, Skype, Google Meet, Google Drive, Google Calendar and so on. Zoom weekly downloads have increased by 20 times compared to the weekly data for the last quarter of 2019, the number of Microsoft users has doubled compared to November, and the use of Google Meet has increased 25 times compared to January. By agreeing with employees and depending on the specifics of your work, you can choose the appropriate platform and share it with employees.

Safety protection includes cybersecurity and safety of the workspace (if you can’t work remotely). In response to these challenges, it would be better to take the following steps:

• Provide more information to remote staff on cybersecurity so they don’t become victims of so-called internet fishing. Avoid suspicious and unfamiliar links and files in your homeplace with various Internet-connected devices. Provide links of videos to your employees that will protect your network and email. For example:
• Securing Wi-Fi network– Safe Wi-Fi connection
• How to keep your Google account safe?
• Divide the personnel into several groups and continue to work to avoid the risk of infection and quarantine in the entire staff. Try to redistribute all key positions which are vitally important for the company to several employees.

To maintain the staff, it is necessary to accumulate the next 3 months’ salary, which will cover the necessary expenses in the conditions of difficult operating activities. To pay off the salaries, you can sell off future unprofitable and low-yielding assets, or use bank credit. While burdening with current 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 the selling of the asset and the loan must be made based on the working capital.