Knowledge Center

Delaware Businesses Respond to and Innovate Through Unprecedented Change

running-a-business | Read Time: 4 minutes

By Peggy H. Eddens | Published: July 2020


These truly have been unprecedented times. COVID-19 will continue to impact businesses and communities in ways we have not experienced in generations. Now that businesses have developed their reopening plans, it’s a good time for all of us to evaluate these changes while still providing employees (at WSFS, we call ours Associates) and customers with the services they seek.

Your top priorities, of course, should be the health and safety of your employees and the needs of your customers while optimizing the operation of your business.

Here’s a glimpse of what we can expect as the next phases of reopening unfold.

Trust will be even more important
Trust has and always will be a key component of your business’ relationships with employees and customers. It’s important that employers reach out and talk to their employees and solicit feedback regarding their concerns and expectations. Post-COVID-19, health and safety measures will be intensified, which takes trust to a new level. All your constituents need to know you have their best interests at heart.

For employees, sustaining a comfortable work environment may include working remotely, if feasible, or having onsite social distancing protocols in place to provide appropriate safety for co-workers and customers. During Phase I, Delaware allowed businesses to reopen with physical distancing measures, Personal Protection Equipment (PPE) guidelines and restricted common areas.

Additional measures that businesses may consider for the comfort and safety of employees and customers, while also preparing for future phases, include designating specific doorways for entering and exiting, and expanding common spaces inside or outside if possible.

Customers have similar social distancing needs and businesses have innovated to accommodate that with online ordering, delivery, curbside pickup and drive-thru only service during the lockdown and Phase I reopening. Many people have made this way of shopping, dining and banking their new normal, and grocery stores, restaurants, retailers and banks have led the way by finding innovative ways to serve customers.

Operational shifts
Many Delaware businesses changed their operating model during this time, and as those models evolve, trust will continue to be a critical underlying factor. WSFS introduced drive-thru only banking the week of March 16, setting a precedent in our community. For our retail Associates, we instituted 4 days on, 4 days off scheduling for wellbeing and social distancing purposes.

As a valued business partner, our Customers were counting on us to be there for them, as we have been for more than 188 years. Many of our Delaware business Customers turned to us to assist when applying for the Paycheck Protection Program (PPP) loans. Together, we successfully secured loans in Delaware totaling more than $400 million through May.

Our 1,000 Associates, working remotely since mid-March, seamlessly pivoted to serve our Customers and ensure that all their needs were met during a such a time-sensitive and stressful period. More than 200 WSFS Associates, on alternating shifts, worked around-the-clock 7 days a week to process a large volume of PPP applications; more than 2,000 applications were approved for Delaware businesses through May. The positive feedback we received was incredible, with many Customers commending the dedication of our Associates and appreciating that we were right here for them.

Looking ahead
As we move to the next phase, WSFS remains committed to our top priority, which is the safety and health of our Associates. We continue to consider options for our retail office locations and corporate offices that will allow us to serve our Customers and be ever mindful of our Associates’ wellbeing. Specific considerations include public transportation, configuration of offices and shared spaces, and Customer service logistics. As we follow updated guidance, we will consistently monitor Associate comfort levels; we are providing wellness resources, such as financial relief and personal counseling in addition to supplying health and safety products and routine cleaning.

Some larger businesses, such as manufacturing, may look to shift work to adhere to social distancing guidelines while meeting the needs of their customers. Businesses that have been open and operating remotely may consider implementing this “new business as usual” approach, even on a rotating basis, to reduce risk for employees.

All businesses and nonprofit organizations in Delaware are facing similar challenges. There is no “out of the box” or one-size-fits-all approach to reopening your doors and resuming operations.

It’s the “Delaware way” to stick and work together so that we endure through this and thrive on the other side. That spirit is woven through the fabric of our First State and will drive our future success.

This article originally appeared in the July/August 2020 issue of Delaware Business Magazine.

About the Author – Peggy H. Eddens
Peggy H. Eddens is Executive Vice President and Chief Customer Officer at WSFS Bank. She joined WSFS in 2007 as Executive Vice President and Director of Human Capital Management, later becoming Chief Human Capital Officer in 2012 and Chief Associate and Customer Experience Officer in 2018.


Remote Onboarding: Reimagining the Future of Work

The pandemic caused most employers to reimagine hiring and onboarding practices to pivot the processes to be virtual. In this video, WSFS’ Patrick Best discusses best practices for remote onboarding, including implementing video interviewing and orientation processes, managing expectations and the need to over-communicate with interviewees, how the new hire should be treated as the “Customer,” how to integrate new hires into the company culture remotely and more.

Read More

Cash Management Gets a Boost from Smart Safes

In this new normal, businesses need to be more certain than ever about their cash flow. Knowing how much cash is coming in – and going out – allows you to evaluate your business’ financial standing and make necessary operational decisions to keep your business healthy.

Read More

Equipment Financing for Small Businesses

For many small businesses, surviving today’s economic uncertainty means that being conservative with working capital is a necessity. Some can get by with hiring freezes or finding ways to cut down on operational costs. For those who need to purchase or upgrade expensive equipment to remain competitive, however, cutting down on costs may not be enough.

Read More

Understanding Paycheck Protection Program Loan Forgiveness

What does your business need to know about Paycheck Protection Program loan forgiveness? WSFS’ Candice Caruso discusses forgiveness criteria and other relief options for businesses with the Chamber of Commerce for Greater Philadelphia.

Read More

Growing Your Business by Learning from Challenging Times

As businesses reopen and face new ways to operate and generate revenues this summer and beyond, many are looking for guidance as they develop new growth strategies, discover new cash flow resources and consider an SBA program for support.

Read More