COVID-19 as an immediate cause of economic pressures is likely to be time limited. It is therefore important that adequate continuity planning is in place which allows businesses to recover quickly and effectively when demand recovers. Jobs, and therefore job protection, are a crucial part of this ability to recover. Skills and labour are valuable company resources, and retention of these skills can allow businesses to maintain a competitive edge beyond the crisis, avoiding potentially costly hiring and re-training costs in the future. This is especially relevant if there is likely to be competition for skills and talent in certain sectors once the COVID-19 crisis is over. Broader consideration might be given to the macro-economic benefits of job protection, particularly the linkage between income, ongoing consumption, and the overall functioning of the economy. Clearly demonstrating commitment to the workforce has significant additional benefits including maintaining the goodwill of workers, customers, and the broader community.
Prepared by Sanjeev Dasgupta and Ana Maria Soto, Issara Institute. According to the 2017 Global Estimates of Modern Slavery, there are about 40 million people living in modern slavery situations worldwide. The Asia-Pacific region has the highest...Read More
Doing business in occupied territories carries with it risks, dilemmas and potential liabilities for companies. The sources of information available to companies to address these risks are limited. This briefing is intended to provide companies with...Read More
The People’s Republic of China (PRC) government continues to carry out genocide and crimes against humanity against Uyghurs and members of other ethnic and religious minority groups in the Xinjiang Uyghur Autonomous Region (Xinjiang), China The PR...Read More
Modern slavery is an umbrella term that covers: all situations of exploitation that a person cannot refuse or leave, because of threats, violence, coercion, abuse of power or deception. Modern slavery sits at the extreme end of a spectrum o...Read More
2025 © Copyright, RESPECT International. All Rights Reserved. Website Disclaimer | Privacy Policy
