Impact of the COVID-19 Outbreak on Jobs

• Oct 13, 2022
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By now, we all are familiar with COVID-19,With new positive cases coming every day in most of the countries COVID-19 has become one of the major concerns. The whole world is getting affected by this coronavirus. By the end of July 2020, the number of COVID-19 infections had exceeded 16 million cases affecting most countries and territories. Governments of all the countries are taking extra steps and precautions to control the rapid spread of the virus. One of the major step was lockdown to prevent the spread of coronavirus with growing concerns about how to deal with the economic crisis caused by this major slowdown in productivity and revenue of all businesses globally as lockdown has a significant impact on the global economy including economic slowdown, trade, supply chain disruption, commodities, and logistics.It has had a vulnerable impact on domestic workers around the world.

This is due to the lockdown because they work in the hardest-hit sectors.The first month of the crisis is estimated to have resulted in a drop of 60 per cent in the income of informal workers ( that are the migrant workers) around the world.They earn everyday for their survival.

“For millions of workers, no income means no food, no security and no future"

A consequent decline in economic activity has led to a widespread decline in job demand in many countries. This Pandemic-induced layoffs in startups as well as in large tech firms which will result in permanent job loss.

Many people lost their jobs .Due to the consumption slowdown in the world, exports and imports are affected. Domestic workers have suffered many kinds of impacts resulting from the pandemic, one of the main consequences of COVID-19 has been a reduction of working hours and, in some cases, a loss of jobs, resulting from fear and restricted mobility associated with confinement measures.Out of a worldwide total of two billion and a global workforce of 3.3 billion, have suffered a lot for their daily earning.

Movement of people is restricted due to the fears over the further spread of coronavirus, and hence the tourism industry is facing huge losses. Tourists spend money in the countries they visit, so the loss of this money is affecting the economies of many countries. So, this affects the economies of almost all.

The coronavirus pandemic has impacted campus placement like a huge storm. For many students, including those from institutes like IITs, the offers were withdrawn amid fear of an economic slowdown due to the coronavirus pandemic. More than 50 % students did not receive their offer letters, for 44 per cent of students, the joining dates were deferred after being hired.

Pharmaceutical companies, hygiene products manufacturing companies are benefiting from this situation.

This pandemic has given challenges to businesses, governments, and societies around the world. Companies are switching their ways to ensure business continuity and improve innovative ways to generate revenue.One measure that can be observed across industries and countries is companies repurposing their production and R&D capabilities to support the fight against COVID-19. Companies are switching their  production lines from producing perfume to hand sanitizer, industrial companies are making hygienic masks, luxury hotels are becoming quarantine centers, distilleries are creating disinfecting alcohol, and automotive companies are evaluating options to producing urgently needed medical devices such as ventilators and so on.

Millions of migrant labourers, living in vulnerable conditions in our cities, contributing to its economic growth, but never able to call it home. They have to pick up their bundles and leave when any pandemic strikes because it is not their home.

This is exactly the situation when Anaad Consultants llp comes into play as they have been successful in transforming the lives of 142,000 individuals under PMKVY, Corporate Social Responsibility (CSR) and State Skill Missions.

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Skill India Mission, launched by the Ministry of Skill Development &  Entrepreneurship (MSDE), Government of India. The scheme was launched with the objective to empower the youth of the nation by up-skilling and reskilling, enabling them to secure better livelihoods.

Corporate Social Responsibility(CSR) programs are taken up by firms as self-regulatory and socially accountable initiatives with an aim to promote social and economic development of the communities and environmental sustainability. Ana?d has partnered with various corporates, over the period of its operation, to carry out these CSR initiatives, where the employees of the corporate are aided in upskilling, reskilling and learning new skills.

This pandemic is just like a movie “TITANIC” in which people were suffering every second.They don’t know what is going to  happen next.The outcomes of covid-19 is different for each and every person. Not every person has an adequate amount of food and money to survive for months. So, it is important to get one solution that suits everyone. The outcomes of covid-19 are different  for each and every person. It depends upon the industry what you are in, what debt you have”

COVID-19 continues to spread across the world which is  difficult to predict.So, Currently the government's highest priority should be saving as many lives as possible even if it means the economy will recover more slowly later on but life should come before livelihood.

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