As we all know how Covid-19 Pandemic has made a significant impact on every working sector of the world. It has resulted in shutting down major markets and industries. Ever since the graph of the global economy is declining rapidly. 

However, industries, companies and other businesses cannot afford to remain shut down the whole time. It is therefore important that these organizations understand the severity of the situation and come with effective health and safety policies. 

For this reason, the role of Directors and CEOs of companies is as important as: 

“Directors must have an understanding of the role safety performance plays in the performance of their business. In accepting corporate responsibility for health and safety, directors need to be proactive in developing a positive safety culture for their workplace. In the long-term, this leads to an internal cultural shift that can have an indirect impact on external brand affinity and brand loyalty.” according to David Rowland, Head of Marketing at Engage EHS

As we have mentioned, how each and every workplace is affected due to CovCovid-19 Pandemic and among them is the Labour Market. The pandemic has already turned into economic and labour shock. This has not only caused a reduction in the production of goods but also the demand. 

Regardless of size, all businesses are going through a serious crisis. For several businesses such as tourism, aviation and hotels, Covid-19 Pandemic has become a real threat to declining revenue significantly. Many people who were relying on simple businesses such as local transport have suffered a lot, moreover, in developing countries where there weren't any support systems, people are living hands to mouth.

With transportation, borders and safety of quarantine restrictions, many people are unable to move or work which can have an effect on employment, especially for informal and casually-employed individuals. Consumers are unwilling or unable to purchase products and services in certain countries. Because of the current environment of uncertainty and anxiety, businesses can postpone investment, product procurement and workers' recruitment.

Strong, multilateral leadership is required to mitigate direct health impacts of COVID-19 on employees and their families at the national and global level and to decrease the indirect economic consequences in the global economy. There is a desperate need for some swift and rational policies both at the national and global level. 

The economic stimulation includes on-demand interventions to cover those faced with income reductions due to illness or decreased economic activity. Protection of wages often mitigates the risk of future diseases, in particular for low-skilled and vulnerable classes of workers. However, at this crucial time,s governments can use the online portals for training the un-skilled for a better come back.  

There are increasingly declining employment conditions and work volume and efficiency. While updated assessment varies considerably and the condition is mostly overlooked, all of them point to major negative consequences for the global economy in the first half of 2020. And with the transcending impact of COVID-19, businesses with extreme health and safety policies are also forced to shut their businesses down. While employees are asked to work from home. 

While many employees are compelled to work from home, there is also a large group of people who have been unemployed and lost their job due to COVID-19. And according to several experts, COVID-19 Pandemic is affective very negative to three dimensions of the world’s workspace

  1. The number of jobs which includes both unemployment and underemployment
  2. The quality of work
  3. Impact on a particular group of individuals more vulnerable to disappointing labour market outcomes.

There is definitely no room for any negligence as we have already witnessed how many lives COVID-19 has taken. Therefore, the companies who can no longer afford to remain shut down should come with better safety and health policies. It is extremely important as those businesses and companies take the responsibility of their worker lives. They can draw some inspiration and learn from Engage EHS

Having said that, we can only hope that this COVID-19 Pandemic is over soon and the world returns to its usual routine. But before that, understanding the severity of the situation is important and more than that taking safety measures.