Covid-19 Effects: India Future outlook positive, Worker optimism shaken: ADP

According to a survey by ADP Research Institute's People at Work 2021, it reports  -  A Global Workforce View, almost 95 percent 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 further noted that 86 percent of respondents report having been impacted professionally in some way due to Covid. Of these impacts, half of the respondents (50 percent) either lost a job, were furloughed, or were temporarily laid off by their employer.

Almost a third took a pay cut (30 percent), while a quarter (25 percent) 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.

" Hadley further 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. Workers are more inclined to think that COVID-19 will have a positive rather than negative impact on issues such as obtaining greater flexibility and developing their skills. "Although many people have been hard hit professionally, there's a sense that what has been an extremely dark cloud could have a silver lining in various ways when it comes to the world of work.

 

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