HOW TO RETAIN EMPLOYEES IN THE POST COVID LANDSCAPE

INDIA'S EMPLOYMENT SECTOR DURING COVID19

The present condition of the Indian economy seems like getting back to the

1950s when unemployment was at its peak and India's share in the world

economy declined to 4.2% in the 1950s.

The pandemic brought back the same condition where millions of Indians have

lost jobs in the employment sectors since April 2020 due to the economic

crises caused by the corona-virus. A survey of more than 32000 workers in 17

countries says that almost 95% of workers in India have felt concerned over

their financial or job security during the pandemic. The survey shows that four out

of five are unemployed due to COVID and lockdown situation.

GLOBAL CONDITION

The corona virus pandemic brought the economic crises not only in India but the

whole world is suffering from it. Many countries like Africa and much of South

America are suffering from the international economic fallout and are likely to

face heightened job losses if the pandemic strikes harder there.

l ILO [ International Labor Organization ] ON COVID19

The largest ILO data on the labor market impact of the COVID 19 pandemic

reveals the devastating effect on workers in the informal economy and

hundreds of million enterprises, almost 1.6 billion informal workers have

suffered massive damage to their capacity to earn a living. Speaking in Geneva

via virtual meeting on 7 April 2020, ILO general Guy Ryder noted that at the

start of the year before COVID19 spread worldwide global employment already

stood at around 190 million.

RETAINMENT OF EMPLOYEES IN THE POST COVID LANDSCAPE

As surveyed by the bureau of labor statistics on Feb. 2021 the unemployment

rate was at 6.7%. In all such situation, the different organization and major

companies need to retain their talented and skilled employees or workers in

the post COVID scenario.

1. INCREASE IN WAGES OR SALARIES

Higher wages or salaries could attract talented and skillful workers or employees

in the company. it also causes stay back of employees. it may also create a

positive vibe around the workplace. as the situation due to novel corona virus is

being very harsh upon everyone, this step could motivate the workers or the

employees.

2. MODIFICATION OF TECHNIQUES

Firms, companies or organizations should improve their technical system and

should match it to the ongoing scenario of corona virus in the world. for instance,

preferring virtual meets in place of following the old offline meetings and

sanitized workspace. This may create a better chance of retaining employees

and the consequence of covid19 sure looks encouraging.

3. PROVIDING INCENTIVES

This action could mark a business as one of the most desirable business and can

also boost the motivation of the employees. For instance, properly organized

wellness programs, employee appreciation program, free or low-cost

medical facilities, offering other beneficial perks.

4.TAKING CARE OF THE PREFERENCES OF EMPLOYEES

Listening to the concern of the employees can be beneficial in the long run. This

makes the worker or the employee comfortable while engaged in the workplace.

This move can also influence the attitude of the employee towards his/her work.

5.TECHNOLOGICAL UPLIFTMENT

Revolutionized technology raise the interest of the employee and also improve

the working or the mechanism of the firm or the company. This could also

increase the number of candidates aspiring to get employed in the company.

Technological improvement can make the work more comfortable and easier.

6. PUBLIC INTERACTION PLATFORM

The long phase of lockdown during the covid19 situation had its worse effect on

the conversations and interactions between the people. Organizing the public

interaction platform can rebuild the distances formed due to lockdown and

ideas could again get exchanged.

7. ORGANIZING WELLNESS PROGRAMS

After facing the consequences of novel corona virus employees should be

mentally free, fit and relaxed and to make it happen wellness program,

including yoga, meditation sessions, etc. are very significant. This will also

lead to a fresh start after the pandemic.

CONCLUSION

the corona virus pandemic has changed the way we work and the way we live.

This pandemic has come up with devastation as well as the new trend of living.

It has changed the social and cultural system of the world that every person

has to get used to. Everyone has faced a hard time during the pandemic but

these hard times will become the reason for one's strength. It raised the

challenge of adopting new normal with a new and bright future.