A business impact analysis (BIA) is often a key component of a Business Continuity Plan (BCP). A BIA identifies the impact of downtime for various activities and processes. Your BIA should help you determine which functions must continue without interruption, which can be scaled back or shuttered temporarily, and the desired timeframe for recovery and restoration.
This Business Impact Analysis Worksheet is a fillable template from Nonprofit Risk Management Center.
Take an intentional, strategic approach to your organization's optimal mix of remote work by revisiting your organization's policies and management practices. What Is Your Organization’s Long-Term Remote Work Strategy? (Harvard Business Review) prompts your organization to consider:
Initially published as organizations began to re-open and return in-person to workplaces after the COVID-19 pandemic, the considerations in Nonprofit Risk Management Center's article, Take 10: Resume and Thrive Strategies, can help any organization reasses its business strategies and reinitatie its programs and services after an abrupt change, closure, or crisis.
Planning for a successful executive transition is a critical component of strategic planning for all organizations and is key to sustainability.
Tim Delaney, President & CEO, National Council of Nonprofits
Reprinted with permission
Reprinted with permission from Medicus IT (formerly MDcentric Technologies)
Life is full of ups and downs and twists and turns. And, when it comes to operating a nonprofit, expecting the unexpected is the best way to secure your organization for success down the line.
That's why it is paramount that every organization has a business continuity plan. These plans are designed to help an organization thrive even during an unpredictable event.
New IRS regulations address a quirk in the Affordable Care Act (ACA) health insurance marketplace known as the “family glitch” and may provide relief for employees covering family members on group health insurance plans. Specifically, covered family members may be eligible for subsidies under the ACA on individual plans. Join Marsh McLennan Agency to learn about the “family glitch” changes and how they may benefit your family.
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Children, and therefore their caregivers, have been overwhelmed by stress and anxiety driven by the COVID-19 pandemic. In fact since the pandemic, emergency department visits for attempted suicide have risen 51% among adolescent girls, and studies show that students are 5 months behind in math and 4 months behind in reading when compared to students prior to the pandemic.
Guest article by MDcentric Technologies
It’s hard to imagine the worst-case scenario happening to you. But that doesn’t stop residents and millions of other people from purchasing homeowner’s, renters, or auto insurance, does it? Just like any other type of insurance you invest in for a rainy day, your organization's data protection and cybersecurity should be no different. By staying proactive with data security, you can prevent a business-ending disaster from happening to you.
Here are seven strategies to prevent a security breach in your organization.
It's been a decade since the Great Recession gave way to the last wave of "best practice" regarding financial reserves. A lot of organizations had rebuilt their reserves, in many cases with increased sophistication. However, the COVID-19 pandemic has required organizations to lean on reserves in new ways to navigate otherwise impossible choices.