Name: - Tavas Watson and Jane Johnson

Covid vs coporations
 So firstly As you all know by now we are currently experiencing a Global
Pandemic known as COVID-19 (Corona virus) which is an highly
What Really is infectious virus which spreads primarily through droplets of saliva
or discharge from the nose when an infected person coughs or

COVID-19 ?? sneezes, and so on.

So how does this affect the
corporations?
 Well almost a year into the pandemic, nearly every business in
the world has been affected by COVID-19, but performance
Effect on Job has varied widely, even within countries and industries.
Covid-19 started as a public health crisis and quickly evolved
due to the into a financial and economic crisis of epic proportions. As the
virus made its way across the globe, few, if any, companies and

pandemic corporations were spared. Some saw demand for their

offerings collapse overnight, while others faced a deluge of
orders. Many had to invent new ways of working in a matter of
days, if not hours.
Effect on Jobs Stock prices plummeted and subsequently fell into an
unparalleled period of instability. Corporations performing
due to the well had taken an exponential decrease which can be seen on
the stock market chart. A loss in a company will affect all its

pandemic employee whether it is the CEO of the company or the clerk.

•  
 with the economic recovery reliant on resolving the public

Effect on Jobs health crisis, many businesses stepped up to fill the gap, even
as they struggled with their own problems.

due to the In the many meetings and updates during this period, many
found themselves reviewing management’s plans not only for
steering the company through the crisis but also for helping
pandemic combat the virus or aid in the relief effort.
Effect on Jobs Many companies and corporations rose to the occasion,
retooling their production lines to make needed equipment,
providing open access to otherwise proprietary information,
due to the offering their facilities or services to health authorities, or
bringing their capabilities to bear on the crisis in other ways.

pandemic Many leaders were forced to grapple with vexing questions of

public responsibility at the same time that they were
struggling with a crisis for which they were ill prepared.
 • The biggest problem is when the whole country is under
a lockdown phase and every type of business or service
are put on a hold and are not able to turn a profit.
• From a large business capital to a small size service
farm, everyone was facing crises in raising money and to
What are some of pay the employee their salaries, In order to compensate
the loss, the firms started to lay off their employees.
the problems
Corporations and • Due to the pandemic many of the institute and coaching
classes are closed, many of the faculty is still trying to
complete their left-over portion on time so that the
Companies are student can prepare for the exams.

Facing?? • Earlier where everything was on an offline basis and in

the current scenario things are shifting toward digital
platform, it is hard for everyone to shift to a new way of
teaching and learning, teachers are facing problem to
conduct the classes online due to lack of resources and
new change in pattern, similarly student are also
facing many issues in adopting the new way of teaching.
 • The COVID-19 crisis has brought about years of change in
the way companies and corporations in all sectors and
regions do business. They have accelerated the digitization
of their customer and supply-chain interactions and of their
internal operations.
Effect on Job • Nearly all respondents say that their companies have stood
up at least temporary solutions to meet many of the new
due to the demands on them, and much more quickly than they had
thought possible before the crisis. What’s more,

pandemic respondents expect most of these changes to be long

lasting and are already making the kinds of investments that
all but ensure they will stick. In fact, when executives were
asked about the impact of the crisis on a range of measures,
they said that funding for digital initiatives has increased
more than anything else, more than increases in costs, the
number of people in technology roles, and the number of
customers.
 • To stay competitive in this new business and economic
environment requires new strategies and practices. Our
How can findings suggest that executives are taking note: most
respondents recognize technology’s strategic importance as
a critical component of the business, not just a source of
corporations cost efficiencies. During the pandemic, consumers have
moved dramatically toward online channels, and companies
stay and industries have responded in turn. Respondents from
the companies that have executed successful responses to

competitive
the crisis report a range of technology capabilities that
others don’t. Most notably, filling gaps for technology talent
during the crisis, the use of more advanced technologies,
and speed in experimenting and innovating.
 Which sectors would face the highest job losses?
• Aviation
• Automobile
• Travel and tourism
• Food
Effect on Job • Entertainment

due to the
• Manufacturing
Which sectors would do good despite the Covid-19 crisis?

pandemic • Healthcare
• Pharmaceuticals
• e-commerce
• IT services
• Essential retail
Working People in Private Sector
People who are working as professionals are facing a lot of issue in this crises:-
• The lack of transport facilites from one place to another will affect the job
• As money is not circulating in the market and every other companies is been shut down or working at half of their capacity it is
hard to pay salaries to employee so lot of them are losing jobs.
• As everything is shifting to an online infrastructure a smaller number of people are needed to do a job rather than a big crowd and
thereby reducing the employee force.
• As in private sector each company has one or two company secretary, so the number is being reduced. 

Working People in Public Sector

• As government industries there is a smaller number of job losses but the employment scale for new job has been  towards a low
level in these situations.
• Many of them who just completed the course are waiting to just get placed in some companies, but they are put on hold because of
the current pandemic.
• As government is not getting enough funds from the various taxes, they are not able to generate proper employment in the covid
situation.
 Opportunity in this Pandemic

• As we know everything is getting transferred from an offline mode to an online mode, government is making
more efforts in digtalizing things rather than manual work. For eg Board meeting are now shifting to online
pattern through digital platform, all the quaterly compliance of stock market and the reports are send digitally to
the government.
Seeds of faith are always within us,
sometimes it takes a crisis to
nourish and encourage their growth
-  Susan L. Taylor

Thank You