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Sorting out the human costs of disaster.

By: Material type: TextTextLanguage: ENG Publication details: JAN 1993Description: 3 p. : illSubject: The disaster plans of most banks focus on technological problems and lack provisions for dealing with the human trauma a disaster involves. Hurricanes Andrew and Iniki, the Los Angeles riots, the Chicago flood and other recent disasters have shown banks the shortcomings of their disaster recovery plans. These catastrophies underscored the fact that human assets need to be cared for much more than any technological assets. Even with its systems intact, a bank cannot operate if its employees are preoccupied with their own and their families' needs. After major calamities, banks discover that their primary role would have to be that of supplier of basic necessities to their employees. Many become providers of housing, food and medical supplies. Bank managers that have seen for themselves the human costs of disaster say that they are better prepared for future calamities
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Reprinted from Bank Management; 1993; Vol. 69; p. 19-21

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The disaster plans of most banks focus on technological problems and lack provisions for dealing with the human trauma a disaster involves. Hurricanes Andrew and Iniki, the Los Angeles riots, the Chicago flood and other recent disasters have shown banks the shortcomings of their disaster recovery plans. These catastrophies underscored the fact that human assets need to be cared for much more than any technological assets. Even with its systems intact, a bank cannot operate if its employees are preoccupied with their own and their families' needs. After major calamities, banks discover that their primary role would have to be that of supplier of basic necessities to their employees. Many become providers of housing, food and medical supplies. Bank managers that have seen for themselves the human costs of disaster say that they are better prepared for future calamities

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