COVID-19, a strand of coronavirus, has emerged as a significant risk to the personal wellbeing of employees and operational success of organizations. Currently, the risk to individuals remains low across most regions, but there is enough concern about future elevation of risk that organizations need to act now to ensure they are prepared for wider outbreaks.
COVID-19 still has a lot of unknowns. Despite efforts by international and regional health authorities, misinformation and misinterpretation of available information are complicating the situation as individuals and organizations seek to quickly understand the risks posed to themselves and others.
1. Take immediate actions to provide calm and accurate information, assign clear accountability, address work travel, promote proper hygiene, and limit the opportunity for the virus to spread in your organization.
2. Monitor updates daily from reputable health authorities about the spread of COVID-19.
3. Begin or review crisis management and business continuity planning for the inevitable impact to your organization as the situation deteriorates globally.
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