7 Reasons Why Emergency Response and Preparedness Matter To Your Organization
As temperatures drop and daylight hours dwindle, your thoughts may be turning to the approaching holiday season…or they could equally be occupied with thinking about budgeting for next year. If you are drawing up your department’s budget for 2011 and wondering how best to make a business case for including emergency response and disaster preparedness in your organization’s plans, here are seven solid data points to help you make your case. (Download the pdf version here, which includes the source of each piece of data.)
Disasters put companies out of business
More than 60% of businesses confronted by a major disaster close within two years.
Events that impact employees impact operations
Two thirds of businesses surveyed said they could not maintain normal operations if half their workers were out for two weeks.
Crises affect the value of your organization
Nearly half of companies that experienced a crisis suffered declines in share prices of more than 20% in a one-month period; a year later, a quarter had not recovered to their original levels.
21st Century threats are increasing
Workplace violence increased 15.6% between 2005 and 2007 (the most recent data set currently available) and terrorist incidents have increased exponentially since 2001.
Government is not equipped to handle the response alone
The US gave itself an “F” in preparedness for a biological weapon attack, despite declaring that an attack of this kind was “more likely than not” by the end of 2013. The Preparedness Task Force’s report to Congress states: “Homeland security policy increasingly recognizes the critical role of individuals, the private sector and non-governmental organizations in preparedness.”
Key stakeholders are starting to expect preparedness
38% of those polled reported customers have asked for proof of preparedness; 23% report strategic partners such as suppliers have asked.
Having a “plan” is not enough
Of those who have had to invoke a business continuity plan, 50% discovered there hadn’t been enough training across the company and 49% found plans didn’t adequately address internal communication.
You can also assess your organization’s current level of preparedness with this free 5-minute survey, which gives you a score out of 100 and a report detailing areas you need to address – arming you with one more data point to help make your case. Good luck!