Business leaders should analyze the implementation of flexible work programs such as teleworking or time-limited licenses in order to continue operating and competing.
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For 6 out of 10 CFOs in Mexico, remote work is here, It will also continue as practice in your company after non-essential activities resume in the country, according to a company survey PwC.
64% of the country’s CFOs will opt for this measure when returning to work is prescribed, although according to the CFO study they will only use it in positions that allow it Pulse measurement COVID-19 Mexico.
Even more Mexican CFOs are more inclined to this measure than in the United States, as fewer than half (49%) of their northern neighbors’ managers make teleworking or home office a permanent option.
“Executives should analyze the implementation of flexible work programs, such as teleworking or temporary licenses, to continue working and competing under similar conditions as before,” said Mauricio Hurtado, managing partner of PwC, in a statement.
Liquidity problems caused by the expansion of the corona virus cause half of the Mexican CFOs surveyed to postpone or cancel investments in their workforce due to the expansion of the new corona virus. Worldwide, 55% of financial managers are analyzing the implementation of this action, and in the United States the number is rising to 62%.
“The economic challenges are very real, Measures to reduce costs in the workforce are inevitable for some companies, mainly small and medium-sized onesInsured Mauricio Hurtado de Mendoza.
However, he warned against cutting costs excessively to keep profits it will only serve to plunge us further into recession.
“For businesses and governments, The best way to help the economy today is to protect employment“He added.