For small and mid-sized businesses (SMBs), 2020 was a roller coaster of unanticipated business chaos caused by the COVID-19 pandemic. Some industries suffered much deeper economic impacts than others, but all businesses experienced disruption.
As 2021 begins, vaccine programs are being implemented and the business community is looking forward to a return to more normal operating conditions, hopefully by 2022. For most SMBs, the focus in 2020 was on survival. Now, it’s time to work on returning to growth. Managing human capital will be a key factor determining success.
Business leaders need to spend extra time with 2021 HR and payroll planning and budgeting. Continued uncertainties include the timing of vaccine programs and any future business lockdowns, how quickly the economy and consumers will rebound, and how to balance remote vs. in-person work going forward. This eBook walks through the processes involved in planning and budgeting for human capital in SMBs.
Dealing with pandemic uncertainty
6 Budgeting Tips for SMBs
Building Your Budget
