Learn how to maintain a motivated workforce.

The Coronavirus has created an emphasis on supporting local businesses, which means that consumers may demonstrate a preference for businesses where personal relationships have been cultivated. More importantly, with the increase in emphasis on e-commerce, customers are going to prefer to shop where they have a good experience and a high quality interpersonal interaction. As a result, maintaining and keeping your employees who are happy and will provide great service will only pay dividends in the future.

Your employees are essential to the survival of your business. As a result of the Coronavirus, unemployment rates are the highest that they have been in the past decade, but it is important to keep your employees motivated, or the consequences could be grave. Below is advice as to how to maintain the morale of your business and deal with employee related issues.

Keep your employees informed. If you have revised your business plan, you should share it (or parts of it) with your employees and tell them what you are doing to help save their jobs. While historically, sharing such information with employees could hurt morale, all businesses are facing significant challenges. Sharing this information with employees will show them they are valuable and inspire loyalty. Collaborating with employees will also help you streamline processes and cut costs.

Review any employee agreements. If your employees are subject to employment agreements, it is important to review them. Consult with an attorney about the terms of any employment agreements before terminating an employee. It is also important to note that you may forfeit federal aid if you terminate too many employees.

Even if your employees are not working full time they can still help you provide value to your business by engaging in...

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