Business Continuity Planning
Meaning & Definition
Business Continuity Planning (BCP) is about how to prepare an organisation for preserving important operations through and following unexpected errors such as a natural disaster, a system failure, a pandemic or a security alert. In Human Resources (HR) specifically, BCP is focused on employee availability, communication plans, payroll continuity and Employee Safety.
Importance of Business Continuity Planning (BCP)
- Guaranteeing continuity of Services to support the functioning of businesses during times of crisis.
- Established safety & communication procedures in place to ensure the safety of employees.
- Ability to maintain continuity in HR services; payroll and attendance services continued uninterrupted due to the Emergency Plan.
- Organisational dependency, Strengthen disaster improve potential risks associated with Business interruptions through the establishment of operational error management.
Statutory & Policy Alignment
A company’s BCP (Business Continuity Plan) should reflect the company’s internal risk management program and framework, as well as its governance, regulatory compliance, and risk communication.
When developing their BCP, companies should consider the following:
- Disaster recovery and crisis management policy.
- IT system backup and data security guidelines.
- Workforce Formation and Remote Work Emergency Response Procedures.
Regularly testing and updating BCPs is important to ensure continued effectiveness and to keep them current with industry standards.
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