One of the greatest affected areas of human life when it comes to the ongoing pandemic today is the economic and business sector. Come to think of it, the economy is mostly where nations get their lifeblood from. Without businesses and without the circulation of currency and money, the state of the nation’s financial sector will plummet to the ground, which is a nightmare that is a present threat and that it can actually happen anytime should the economy fail.
But businesses are bouncing back and are actually doing a great job in adjusting through the pandemic and trying to stay afloat and trying to survive the onslaught of recession and economic fluctuations. Here are some of the ways where companies have been permanently altered by the pandemic.
Work Shift Changes
One of the things that really changed are the work shifts. Some adopted new methods in their shifting. And some even went by laws to create a more sustainable work days for the employees. There are many countries who adopted a four-day working schedule rather than a 40-hour per week work, they now have 30 or less in terms of working and spending much time with their families.
According to the data of such countries it is still profitable for the companies if they operate less than 40-hours in a week provided that their workers perform better and meet projected performance and quota in a weekly basis. Many companies even opted for a full-time work from home system, and it still works but needs more adjustments on the part of the employee.
Improvement of Facilities
Many working facilities have improved due to the threat of the pandemic. Workplaces today are more spacious, lesser crowded and more efficient in terms of work dynamics and processes. Office moves post covid-19 plans considered by business firms has shown that more and more companies are choosing rented spaces rather than stay in one permanent area, which means companies now consider the mobility of the workforce as opposed to the traditional localized fixed office and working spaces. The pandemic has instilled a workplace value of being able to move and being flexible while completing tasks at work.
One change that occurred throughout the pandemic according to news and data outlets are the exodus of the workers leaving and quitting their current work for a new and better job, better not only in the context of the financial aspect but also in the context of time and quality.
Many employees took the pandemic as a sign to quit the jobs which does not give them the right motivation and satisfaction anymore and are now moving to new jobs, which gives them a sense of achievement no matter how small the job is. The mass resignation among the workforce has causes some alarm in many companies and has now moved to shift policies in order to retain valuable employees.
Regardless of the changes, business will eventually be built and some will even rise to the top and some will try to stay afloat. Businesses are vital parts of human lives thus it is important to note their significance in our lives and in our nation as we rebuild from this pandemic soon.