With major concerns over inflation and gas prices still not abating and the threat of a recession looming, it would be wise to figure out what you can do to prepare your business for whatever may come by re-evaluating current and future expenses, cutting what isn’t necessary, and streamlining what is. To help with that, leading automation and no-code platform, Zapier, has presented 11 tech tools that can help you get through a recession.
- Competency-Based Assessment Technology
With an increased need to hire, protect your profit by lessening the risk of turnover. Assessment tech can help you hire qualified and dynamic candidates.
- Video Conferencing Software
Video conferencing software such as Zoom, Streamyard and Airmeet make virtual events, courses, live-streams and workshops possible while keeping execution costs down.
Chatbots can execute day to day customer needs, allowing your staff members to focus on more intensive tasks and operations.
- Password Managers
With most businesses experiencing remote work in some form, password managers ensure the safety of all sensitive information the business possesses.
- CRM Software (Customer Relationship Management)
Capturing customer information is critical – a CRM allows you to identify sales opportunities, track in-progress client relationships, and help build new marketing funnels.
- Employee Recognition Software
Employee recognition has been proven to reduce turnover, improve engagement and increase morale.
- Premium Antivirus Software
During a market downturn, the smallest setback can cause massive internal disruption, investing the small fee for additional security is key to protecting any proprietary information or confidential data.
- Google Workspace
Email, calendars, shared documents, and contact lists are indispensable during a recession to ensure team members are on the same page and working efficiently.
- Remote Device Management
If a remote employee is terminated, a device can be immediately locked to avoid having company data compromised.
- Community Building Channels
Building a robust community will help drive awareness, increase leads and conversion, and will make Discord one of your most effective marketing channels.
- Human Resource Information Systems
Organizations must ensure they attract and retain top talent, and many great candidates are lost during this process because of a poor HRIS and onboarding process.