Monthly Insights in Accounting, Finance, HR, Marketing, & ESG Back to Work - New Opportunities as businesses adapt post-pandemic
With the vaccination rate in the US reaching over 60% of adults having received at least one dose and 45% fully vaccinated, you can feel the energy as we go back to our pre-pandemic lifestyle. While we are all excited to get back to travel, restaurants, sports events and concerts; the move to get back to the office is being met with less enthusiasm. In this issue we will explore impacts to organizations, ways to shift traditional models to re-engage employees, and explore how cities ate getting back to business post-COVID.
Accounting & Finance:
PPP & ERC Tax Considerations
The 2020 Tax season is behind us, but small business will still need to pay attention to the impacts of the Payment Protection Program (PPP) and Employee Retention Credit (ERC) in 2021. Learn more about the qualifications and details of PPP and ERC in 2021.
Human Resources:
Return to Work and Mental Health
Since the start of 2021 terms like “remote work burnout”, “return to work anxiety”, “pandemic ptsd” have been popping up. These are very real phenomena and issues that we have all seen manifest in different ways. Organizations need to recognize that employees will be suffering from any or all of these, and will need to make a concerted effort to address mental health issues directly. Psychologists share insights and tips on how to deal with RTW anxiety.
Marketing:
Re-open with confidence
With all of the planning and updates being made to accommodate and support employees and customers, these changes need to be communicated both internally to employees and externally to customers and community. Download the essential 12-step Marketing Guide, by Megan Shroy - Owner/Director of Approach Marketing and take let marketing help you make a smoother transition!
Environmental, Social, Governance:
Measuring ESG
ESG Investment funds captured more than $51.1B in net new money from investors in 2020, according to Morningstar more than doubling the previous year . ESG ratings, which are used to assess companies sustainability and corporate social responsibility, can vary greatly. Take a look at how the ratings can differ for a single company and how that can impact investment decisions.
In Other News
* On June 9th, The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) announced their merger to form the Value Reporting Foundation. Read detailed Press Release to better understand how these groups are partnering to provide a more holistic ESG reporting and management framework. * Learn how the commercial real estate is partnering with tenants to re-imagine work spaces. Large property holders like Cushman Wakefield have invested heavily into creating Return to Work tools and services to help companies manage the details of getting back to the office. * While the recovery in the U.S. is well underway with all major cities having lifted restrictions, the path to recovery is very different in other countries. This week Bloomberg CityLab shared results of a deep-dive analysis into the current state in major cities like Frankfurt, New York, London, Hong Kong, and Singapore.
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