When something goes wrong in your business, you don’t just run the risk of losing money. You also run the risk of losing human capital: your staff. If your staff members feel that they can’t depend on you in an emergency, they likely won’t stick around after the dust has settled to help you clean up the mess.
All employers need to inspire confidence in their staff and work to cultivate loyalty in order to find and retain excellent people. That’s where a business continuity plan comes in. When something goes wrong, it’s crucial to be able to show your employees you have a plan to cope and get the company through the disaster. In return, your staff will give you their best efforts.