For two years (since March 2019), the health crisis wreaked havoc on the whole world. While this happened, nations, governments, the business sector, and populations were adversely affected. Companies close, Businesses shut down. Millions of people lost their jobs. On the positive side, technological innovations surfaced. Jobless individuals became more creative and took to entrepreneurship. Amid all these developments, the working environment significantly changed. Moving forward, HR stakeholders must apply the lessons learned from the COVID-19 experience. Now, they must identify these challenges and issues to formulate effective solutions for each one.
Resignations increased during the health crisis. Employees have different reasons. Among these are work environment, compensation, change of plans, burnout, or opting to become entrepreneurs. These turnovers may be inevitable, but HR managers must do something to deal with this problem. HR managers and staff must acquire essential skills that can help them control high turnover rates.
Lack of Balance
The lack of balance between HR and the enterprise can worsen during troubled times. If management and the HR leaders do not see eye to eye, this can spread within the organization causing a serious communication problem.
Commitment among the workforce has been a perennial issue in many businesses. Problems in employee engagement usually lead to resignations.
Readiness of HR
There are other challenges that may arise all of a sudden. This will require the flexibility and prompt response of HR leaders in case obstacles also come up in the process.
PCS Prostaff – Solutions Provider
PCS Prostaff has been in the business of providing a variety of HR services for different business organizations in California and adjacent states during the last 20 years.
From India, Ahmedabad
What percentage of former employees actually turned into entrepreneurs?
It may be slightly higher in IT sector as freelancers are still given work, but in most other cases, I think the number would be very low.
Any figures to support your analysis above?
From India, Mumbai
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.