Post COVID 19 Challenges - Employees and Employers
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Circular Flow of Economy / Income Post COVID 19 Scenarios in the World Post COVID 19 Scenarios in India COVID 19 Challenges – Employees COVID 19 Challenges – Employers Be Vocal for Local
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Post COVID 19 Challenges - Employees and Employers
- 1. POST COVID19 CHALLENGES FOR EMPLOYEES' & EMPLOYERS' Dr. S. Gokula Krishnan, PhD., Associate Professor – HR, Analytics & Entrepreneurship Dept. of MBA, Acharya Institute of Technology, Bengaluru. prof.gokulakrishnan@gmail.com May 14, 2020
- 2. About me…. ■ Associate Professor – HR, Analytics & Entrepreneurship ■ Specialist in AnalyticalTools: – MS Excel – SPSS – AMOS – Jamovi – R Program Software Contact : Email : prof.gokulakrishnan@gmail.com / prof.gokulakrishnan@outlook.in Mobile No: +91 94 897 66 214 / 99 430 420 87 https://www.linkedin.com/in/drsgokulakrishnan/ https://sites.google.com/view/dr-s-gokula-krishnan-phd/home https://www.researchgate.net/profile/Dr_S_Gokula_Krishnan https://scholar.google.com/citations?user=sWukRnQAAAAJ
- 3. Discussions…. Circular Flow of Economy / Income Post COVID 19 Scenarios in theWorld Post COVID 19 Scenarios in India COVID 19 Challenges – Employees COVID 19 Challenges – Employers BeVocal for Local
- 6. COVID EFFECTS IN INDIA ■ Under complete lockdown less than a quarter of India's $2.8 trillion economy is functional. We are expected to lose over Rs 32,000 crore ($4.5 billion) every day during the lockdown - https://www.businesstoday.in/ ■ The Micro, Small and Medium Enterprises (MSMEs) sector, which contributes to 30% of India's GDP, is one of the key drivers of the Indian economy - https://www.businesstoday.in/
- 8. Post COVID 19 Scenarios in India ■ India Is A Major Producer Of Natural, Man-Made Fibres ButTextiles Industry Facing Hurdles InTaking Advantage Of Global Anti-Chinese Sentiment - https://swarajyamag.com/business ■ “The Indian tourism and hospitality industry is staring at a potential job loss of around 38 million, which is 70 per cent of the total workforce due to COVID- 19.”KPMG Report (April 1) ■ 100 Million And More Indian Jobs Are At Risk After COVID-19 Lockdown – Outlook India ■ Migrant workers
- 9. Challenges for Employees 4 out of 5 employees become jobless Survival is not going to be easy anymore IncreasedWorking Hours and Workloads ImproperWork life Balance Forced to learn & spent on acquiring new skills Changes in the Lifestyle Growth of Income will be Slow Purchasing Power will decrease Medical and Insurance Expenses will increases
- 10. Challenges for Employers Risk and Uncertainty would be more Repositioning of Brand Recruitment Issues Supply Chain and Logistics Issues Have to invest more on Research and Development Operational Expenses will increase Automation and Technology is vital than before FDI will be comparatively less TheOccupational Safety and Health Administration Medical Examinations Maintenance Employee Remunerations
- 12. 20 Lakh Crore Package ■ TDS rates revised ■ Dates extended ■ All pending refunds to charitable trusts, non- corporate business, LLPs and co-operatives will be processed immediately
- 13. THANKYOU ALL