In recent years outsourcing has gained popularity because it is commonly perceived as an efficient way of implementing cost-cutting measures. Outsourcing, for example, reduces the cost of people administration such as talent replacement, vacation leave and sick leave management, since the actual human resources are managed and administered by the outsourcing company. While cost-cutting, […]
Everyone in a company, as well as external stakeholders, look at managers and business owners for direction, decisions and guidance in the running of the organisation. Management are consequently, under considerable pressure to take decisions relating to the business. Their role is always about balancing decisions relating to the business survival and growth, with the […]
Covid-19 is undoubtedly a situation none of us have ever imagined experiencing in our lifetime. Epidemics of such proportions were, to our conscious selves, confined to history or perhaps to some unknown remote country, but still very far from our known daily reality. It was something that ‘happened to others and not to us‘. […]
Much has been written about the impact Covid-19 is having on our businesses, on our companies, on the reduction of demand, the concerns for jobs, the uneasiness about a company’s future and the actual speculation of whether many businesses will still continue to exist post Covid-19. Behind all this, one cannot forget the pressures felt […]
The current Covid-19 induced crisis forces businesses to act or go bust. In recent articles we have been highlighting a number of actions for businesses to take into consideration when looking at survival in Covid-19 times. We have also explained that for businesses to survive they need to think ahead. The reality is that businesses […]
Once the COVID-19 pandemic is over, it can be safely assumed that in the immediate aftermath, the majority of people will look for relief from the stress and the many days of boredom in lock down. There will be possibly be a mini revival of activity as people seek community, where they physically meet their […]
The spread of Covid-19 keeps causing disruption to our lives and businesses. As at the time of writing, the impact in China is starting to wane yet in Europe and America it is still on the rise. The experts say that with all the social distancing measures being put in place, the world will not […]
COVID-19 has taken over our thinking and has put all of us on high alert. We are all concerned and worried for the welfare of our loved ones, close and distant friends and neighbours. As businesspeople we are also worried for the future of our businesses and of our employees. What we know so […]
WHO (World Health Organisation) has declared the COVID-19 virus as a global pandemic. A global recession is expected and unfortunately the COVID-19 is already impacting worldwide economies. In Malta the most visibly hit have been businesses in the travel, hospitality and entertainment-related industries. However, the economic hit is expected to grow as consumption of certain […]