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.

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

wp_template

wp_template_part

wp_global_styles

wp_navigation

wp_font_family

wp_font_face

acf-taxonomy

acf-post-type

acf-field-group

acf-field

ai1ec_event

exactmetrics_note

The Impact of COVID-19 on children
COVID-19 resourcesPublications

Children are not the face of this pandemic. But they risk being among its biggest victims. While they have thankfully been largely spared from the direct health effects of COVID-19 - at least to date – the crisis is having a profound effect on the...Read More

TAGS: Global
Business Banking and Start-up Support for Survivors of Modern Slavery and Human Trafficking
GuidanceGood Practices

In response to the issues raised in the Expert Review, although most fall outside of SII’s mandate, FAST hosted a global Survivor Business Roundtable on 27 June 2022 to gain more insight into survivors' needs regarding business banking and start-u...Read More

TAGS: Global
How Can I Manage the Risk of Modern Slavery in My Supply Chain? GFEMS Highlights Three Promising Forced Labor Risk Detection Tools
Guidance

The COVID-19 pandemic has increased workers’ vulnerability to modern slavery across global apparel and manufacturing supply chains1. In addition to exacerbating risks to workers, the pandemic has increased consumers’ visibility on where and...Read More

ETI’s Base Code Guidance: Modern slavery – practical guidance for brands and retailers
Guidance

This guide developed by Ethical Trade Initiative (ETI) will help businesses understand key concepts, legal definitions and their responsibility to tackle modern slavery. It provides examples and practical steps to assist companies in applying ETI B...Read More

TAGS: Global