Although setbacks are considered a normal part of doing business, if an organization is ill-prepared for a disaster, it can result in loss of life and/or the end of an enterprise. Disasters in the past five years alone—the terrorist attacks of September 11, 2001, Hurricanes Katrina and Ivan, and the SARS epidemic, to name a few—have strongly demonstrated the need for organizations to prepare for calamitous events.
The International Foundation of Employee Benefit Plans’ survey, Disaster Planning, found 52% of organizations have a disaster plan and 27% are planning to have a plan within 12 months.
This survey reflects responses from 261 U.S. and Canadian multiemployer trust funds, corporations, public employers and professional service firms (attorneys, consultants, third-party administrators, etc.). It offers 16 hard-to-find sample disaster plans and checklists. Survey responses were also obtained at a live conference session on disaster planning held at the Benefits Conference for Public Employees in March in Lake Buena Vista, Florida.
Other findings, by category, include:
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