Community//

How Employees Can Survive despite the COVID-19 Situation

The time when too many things happen they exceed all expectations. We are in a critical time. Employees are living with an uncertain time with pay cuts and others have been completely laid off. Employees are completely dependent on the government for food and medications. It is a time where we all need to find […]

The time when too many things happen they exceed all expectations. We are in a critical time. Employees are living with an uncertain time with pay cuts and others have been completely laid off. Employees are completely dependent on the government for food and medications. It is a time where we all need to find solutions.

MNC Companies such a PayPal, JP Morgan, Bank of America, Booz Allen Hamilton, SAP, Morgan Stanley and Citigroup, have taken no-layoff pledge to protect the economic crisis bought by the Pandemic COVID-19 situation.

“Many Companies announced salary cuts of around 20 to 30 percentage. Others have given the Paid leave or Unpaid leave, and the rest have forced to resign from the company.”

IT/ITes Employees Union said the Union had received the Complaints from different countries around the world. Many companies are registered under the Disaster Management ACT and then the Industrial Dispute ACT, in the labor department.

Here are some tips I could share with you on how to cope with this situation.

1. Don’t Panic!

It’s easy to Panic If you’re living with salary cuts and lay-offs. As long as you have health and are willing and able to work, you’ll be okay. If you forced to resign from the job, resign for the Job, and look out for the new opportunity. Don’t be panic and think about suicide. Think globally, For Example, after I lost my job in the USA, I moved to the United Kingdom for the new gig.

2. Think about your situation

Look out you’re current balance sheet and P&L and the root you have to survive without an income. Do you qualify for Unemployment benefits? If yes, this benefit will help you replace the loss of income and more time to look into the next opportunity.

3. Try for Work from home Opportunity

Now, Work from online as made the world defend the corona-virus pandemic economy crisis. Try to find out the jobs on online and many Countries offer the work from home opportunity. This may help to offset the loss of income.

4. Avoid Unwanted expenses

If you’re taking parcels from hotels, Please stop taking food from the hotels because charges of hotels are high. Travelling, Buying from Bakeries, Paying to local gyms, shopping. Find out the alternative solutions.

5. Set your goal

Once you know what you want, set your goal. This may help you to achieve what you want.

6. Find out you’re next job that will help you to reach goals

If you decide to find out the job, make sure this job will help you to achieve the goal you set for yourself.

    The Thrive Global Community welcomes voices from many spheres. We publish pieces written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Learn more or join us as a community member!
    Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

    You might also like...

    The space is a beautiful naturally lit space, full of art and style
    Community//

    How COVID-19 Is Forcing Companies To Reduce Workforce Costs For Number Plates?

    by jitender jagga
    Covid-19 Employee Concerns
    Community//

    The Harms Of “Productivity and Activity Monitoring” Of Remote Workers During The COVID-19 Pandemic

    by Shah Anas
    Simon Abrams, Unsplash
    Community//

    Wellbeing at Work after Covid-19

    by Fiona Bugler

    Sign up for the Thrive Global newsletter

    Will be used in accordance with our privacy policy.

    Thrive Global
    People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

    - MARCUS AURELIUS

    We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.