How to develop your financial institution’s COVID-19 return-to-work policy

While many stay-at-home orders have been extended, some states are allowing at least some businesses to reopen. It is important for organizations to realize the need for advanced planning of their return-to-work strategy to ensure a smooth transition.

The following best practices will provide guidance to consider while creating your institution’s return-to-work policy. While this guidance is not legal advice, it is a helpful source for getting started and can help you create a measured approach to your policy.

Review Federal, State and Local Plans

First, it is important to review any applicable federal, state and local recovery plans, including each state’s local stay-at-home orders. Some states may even have a posted recovery plan that your institution may leverage. If you are a larger multi-state institution, you may want to include the proposed recovery plan from the CDC and the White House in your decision-making process. Or, if you are a smaller institution located in a single state or in a handful of states, you may want to consider looking at a specific state’s recovery plan, such as the state of Missouri’s plan. Both plans incorporate and rely on guidance from medical professionals, which is important as you may not want to rush employees back too soon.

 

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