Worker optimism shaken due to COVID-19; future outlook positive in India: Survey
Business Bureau :
Financial and job security among workers in India has been shaken in the wake of the COVID-19 pandemic, but the outlook remains broadly positive, according to a survey. According to ADP Research Institute’s People at Work 2021: A Global Workforce View, almost 95 per cent of workers in India have felt concerns over their financial or job security during the pandemic. Yet, around the same number say they feel optimistic about the next five years in the workplace. ADP Research Institute surveyed 32,471 workers in 17 countries around the world between November 17 and December 11, 2020.
The survey noted that 86 per cent respondents report having been impacted professionally in some way due to COVID-19. Of these impacts, half of the respondents (50 per cent) either lost a job, were furloughed or were temporarily laid off by their employer. Almost a third took a pay cut (30 per cent), while a quarter (25 per cent) reduced their hours or responsibilities, it said. ADP President (Asia Pacific) Peter Hadley said, “In a year when many businesses have had to shut temporarily or permanently, or significantly alter their operations, the effects of the disruption and uncertainty on the workforce have been profound.” He said that the challenge now for employers and HR teams is to find ways to harness the positives while, as far as possible, alleviating the negatives to ensure that staff stay upbeat and motivated.