Scared of losing your job? 3 things you can do

Banerjee, Pratyush (2020) Scared of losing your job? 3 things you can do. pp. 1-4.

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6/26/2020Scared of losing your job? 3 things you can do - Rediff.com this articleScared of losing your job? 3 things you can doApril 21, 2020 09:15 ISTAt this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.'This is a good opportunity to explore possible business models that offer solutions.' Photograph: Courtesy Pixabay.comToday the labour market is in a very volatile state. External shock events have never affected the job market, like in the current scenario.Since the turn of the new millennium, we have witnessed several catastrophic market events such as the IT bubble, the subprime crisis, and the ongoingCOVID-19 crisis.During each of these critical events, the job market has been severely disrupted, resulting in massive loss of job opportunities either through hiring freeze orthrough layoffs.Several other factors have contributed to the uncertainty in the job market such as lack of offshore projects, automation and redundant skill sets of existingemployees.Organisations follow diverse strategies during situations of an economic downturn to retrench their manpower.A layoff is still considered to be the last option by corporate, and they try their best to not resort to this unless they have no other choice.Some of the more amenable policies that organisations follow include the following

Item Type: Article
Uncontrolled Keywords: Scared of losing;your job? ;3 things you can do.
Subjects: Human Resource Management
Depositing User: Ms. Sachitha R
Date Deposited: 17 Jul 2020 06:59
Last Modified: 17 Jul 2020 06:59

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