More than half (53%) of communication executives said COVID-19 has had a “moderate” or “major” impact on their company’s operations, and expect it to get worse, according to a new global study by the Institute for Public Relations and Peppercomm.
| NEW YORK, March 17, 2020 /PRNewswire/ -- More than half (53%) of communication executives said COVID-19 has had a “moderate” or “major” impact on their company’s operations, and expect it to get worse, according to a new global study by the Institute for Public Relations and Peppercomm. Meanwhile, 83% are moderately or extremely concerned about the potential impact. In the study, “COVID-19: How Businesses Are Handling the Crisis,” 300 communication executives and senior leaders were surveyed to find out how their companies were faring in the COVID-19 pandemic, including what sources they trust, how prepared they are for the crisis and what their businesses are doing to fight against the disease and resulting panic. Steve Cody, CEO & founder of Peppercomm, said, “There is a pressing need to understand how our country’s top private sector communicators are coping with this unprecedented calamity. It’s essential that we share these findings and best practices with others who may be struggling with determining the best way to respond.” TRUST IN SOURCES On the other hand, social media, online health websites (e.g., WebMD), and country leaders (e.g., presidents and prime ministers) were the least trusted sources of information. For example, 82% of respondents said they had “not much” or no trust in social media. Fifty-six percent reported having “not much” or no trust in country leaders. Only 5% of respondents directed stakeholders to seek additional information from country leaders, while only 2% suggested social media as a source. “Communicators significantly influence the decisions that organizations make as they serve as connectors among functions and stakeholders,” said Tina McCorkindale, Ph.D., APR, President and CEO of the Institute for Public Relations. “When they turn to trusted sources to help inform their stakeholders and curb disinformation, this has a significant impact not just on the business but society at large as well.” CRISIS PREPAREDNESS More than half (55%) said they made good progress on updating their crisis plans or have them fully updated. Nearly one-quarter either had not made progress on updates, had not planned to update, or had no crisis plan at all. More specifically, while 56% had an infectious disease outbreak in their crisis plan, 44% did not. WHAT COMMUNICATION LEADERS AND COMPANIES ARE DOING Rob Clark, Chief Communications Officer at Medtronic, was not surprised by these results. “People in our function are being heavily relied on in a time like this,” said Clark. “We are the tip of the spear on this issue and rightfully so.” While three-quarters (75%) of respondents said their communication function was “very involved” in communicating internally, this drops to 58% of respondents who say their communication function was “very involved” in communicating externally. Eighty-one percent of respondents said employees were a “high” or “essential” priority, which dips to 66% for customers and 35% for suppliers. Businesses are employing a variety of tools to communicate with their employees, including internal platforms, mobile apps, and hotlines. They have also made efforts to increase sanitation practices, including increasing sanitation stations, safety guidelines, and even some using thermal/temperature scanning to detect illness. “All of our employees have access to Medtronic’s intranet, and the banner right now is our COVID-19 hub,” said Clark. “It provides all the information needed on travel, health, and anything that will help. You can access this from your mobile as well. Nearly half of our company has made use of it, making it the most trafficked digital resource we’ve ever had.” Clark was not surprised that this has been such a valuable resource and feels it is intrinsic to his company’s mission. “This has a personal impact on everyone,” said Clark. “People aren’t sure what to think and what it means for them personally or for their families. So, they’re looking for any guidance on what to do. We, as the employer, should be providing that.” And the help doesn’t stop there. Companies are stepping up to do their part. More than half (53%) of the respondents said their companies are helping or plan to help those affected by the COVID-19 crisis. For the complete report, please visit https://instituteforpr.org/coronavirus-covid-19-comms-report/ Methodology: The Institute for Public Relations conducted an online survey of 300 communication executives and senior leaders from March 5 -10, 2020 to find out how their company and their communication function are responding to the coronavirus. The margin of error based on the sample size is +/- 6%, but please note this was not a random sample. To give context to the survey, as of March 11, more than 120,000 people were infected with COVID-19 around the world, with more than 4,600 deaths. On March 11, the World Health Organization updated the classification of COVID-19 from an epidemic to a pandemic. About The Institute for Public Relations About Peppercomm
SOURCE Peppercomm |
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