A Report on the Impact of the COVID-19 Pandemic on the Workplace

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This report investigates the multifaceted impact of the COVID-19 pandemic on the workplace, analyzing its effects on various aspects such as remote work, economic activity, and employee well-being. The introduction highlights the economic downturn caused by lockdowns and the significant changes in business operations, citing statistics from the UK. The project plan outlines the aims and objectives, focusing on identifying factors affecting the workplace, analyzing the pandemic's impact, and determining opportunities. The literature review delves into the factors influencing the workplace, discussing global health and economic threats, changes in work practices, and the importance of employee health and safety. It also explores opportunities that have arisen during the pandemic, such as building on the Affordable Care Act and improving public health responses. The report emphasizes the need for adaptability and flexibility in the face of ongoing challenges, providing insights into how businesses and employees can navigate the evolving landscape.
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Impact of COVID-19
pandemic in workplace
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Table of Contents
INTRODUCTION...........................................................................................................................3
Project Plan......................................................................................................................................4
Literature review..............................................................................................................................4
Conclusion.......................................................................................................................................9
Reflection.......................................................................................................................................10
REFERENCES..............................................................................................................................11
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INTRODUCTION
As governments spherical the area are in search of for to shop lives with the useful
resource of the use of slowing down the spread of the corona virus, they may be having to take
dramatic measures, with big implications for economic activity. The United Kingdom declared a
lockdown on March 23, 2020, to control the COVID-19 pandemic. This seems to have helped
rein inside aspect the public-fitness catastrophe but is taking its toll on the economy. In a median
lockdown week in May 2020, we estimate that monetary hobby (as measured with the useful
resource of the use of GDP) is down extra or much less 30 probabilities from February 2020
levels. According to the Office of National Statistics, inside aspect the weeks from April 6 to 19,
2020, 23 percent of agencies had speedy closed or paused trading, with spherical 60 percent of
agencies that persevered to trade reporting a fall in revenues (Hickey, 2021). Economic hobby
gets higher as lockdown guidelines are lifted, but the tempo and patterns are especially uncertain
and will variety with the useful resource of the use of sector. In McKinsey’s midpoint scenario,
UK GDP in 2020 is expected to lessen with the useful resource of the use of 9 probabilities,
overall. This record is primarily based totally on effect of Covid-19 on the place of business and
there are numerous elements are covered.
The corona virus disaster and its financial consequences coincides with the fiftieth
anniversary of Milton Friedman’s influential statement that the social duty of commercial
enterprise changed into most effective to growth its profits, within side the law. This mantra has
received a sturdy preserve on a good deal of commercial enterprise practice, with a fierce
cognizance on the quick term. It is on this context that commercial enterprise leaders could be
responding to the consequences of the corona virus disaster. Even earlier than it struck, self-
hobby were an increasing number of on the fore of organizational behaviour. And what are the
consequences, Employment has been actualized to a formerly impossible extent. Eight million
human beings within side the UK held gig economic system jobs in 2017. One in 4 of such
employees earned much less than £7.50 an hour (Khatib and Nour, 2021). It is those employees
who're maximum liable to the financial fallout from the corona virus disaster. Mainstream
management theorizing predominantly takes the rights of commercial enterprise leaders to
pursue anything cause they've in thoughts completely for granted. The task of management
studies is to expand theories that assist them to do that within side the best and green manner
possible.
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There are some key points such as, Factor of covid-19 that are impact at workplace and
opportunities during this pandemic for company as well for local people.
Project Plan
Aims
“To analyse the impact of Covid-19 Pandemic at workplace”
Objectives
To determine the factors of Covid-19 that are affect the workplace
To analyse the impact of Covid-19 at workplace
To determine the opportunities during the pandemic
Literature review
“To determine the factors of Covid-19 that are affect the workplace”
COVID-19 is every a global health catastrophe and an worldwide economic threat. The
worldwide lockdown of businesses and industries which have been implemented and mandated
to reduce the spread of the virus generated a large variety of precise and critical traumatic
conditions for every employees and employers all through the globe. At the individual level,
populations of shutdown affected employees were grew to come to be in a unmarried day into (a)
artwork from home” employees, (b) “critical” or “life-sustaining” workers (e.g., emergency
room medical personnel and grocery save staff), or (c) furloughed or laid-off employees on the
lookout for the nation-particular same of unemployment benefits. Organizationally, the economic
shutdowns and related governmental sports activities appear likely to (i) trade some industries
fundamentally, (ii) accelerate traits which have been already underway in others, and (iii) open
opportunities for novel industries to emerge, as usually takes region in times of wars and natural
disasters. Given the uncertainty and breadth of the COVID-19 shock, artwork and organizational
psychologists urgently need to apply the field’s modern-day information for the cause of sense
making to help humans and businesses control risks while developing and utilising solutions.
Among the prevailing unknowns, it's miles feasible that an effective vaccine or restoration
treatment becomes available rapid enough to limition the direct influences of COVID-19 to a
great deal much less than a year. Among relevant knowns, though, a have a look at human
information and prehistory is complete of times in which pathogenic microbes (together with
viruses and bacteria) have wreaked havoc on societies and workplaces (Diamond, 1998). As an
example, amongst 1918-1920, the Spanish flu killed an expected 50 million humans worldwide,
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quite a few them adults many of the some time of 20 and 50 years. In response, many countries
accompanied guidelines to decorate health and running conditions with the useful resource of the
usage of imparting each traditional health care (Europe) or employer-based totally completely
insurance schemes (US). More generally, the economic and health influences of infectious
disease were.
The interest of agencies is understandably targeted on protective the fitness of personnel in
opposition to the results of COVID-19, however it's miles essential to maintain to don't forget
and control on-going fitness and protection dangers that can be heightened in the course of this
disaster because of organizational changes, price constraints, deliver chain interruptions and the
effect of human factors. Over the following couple of weeks and months, businesses might also
additionally enjoy the lack of key personnel, or enact planned reorganization to split the
workforce. Employee infection mixed with and the want for bendy operating might also
additionally cause staffing shortages and gaps that would cause improved workload. Gaps in
competency may also bring about personnel being redeployed to unexpected tasks. Limiting
interactions additionally has the capacity to degrade protection important communications
inclusive of shift handover and ordinary methods of assignment briefing and activity threat
assessment or management.
It’s essential to bear in mind that a few effective modifications have pop out of this turbulent
time. With such a lot of human beings operating from home, it’s rarely sudden that current
studies with the aid of using Dale Office Interiors discovered that almost three-quarters of
enterprise leaders are actually making plans to undertake bendy and agile operating. Despite this,
face-to-face conferences will nonetheless be vital, albeit with social distancing measures in
place. Which is why many establishments are beginning to have a take a observe their personal
return-to-paintings strategies. When operating existence returns to a brand new type of normal,
greater personnel are in all likelihood to need to maintain operating from home. Or as a
minimum have the ability to pick out for themselves in which and the way they paintings.
Working Families surveyed over 1000 operating mother and father and discovered that greater
than nine in 10 desired their place of work to hold bendy operating post-COVID-19.
“To analyse the impact of Covid-19 at workplace”
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COVID-19’s impacts on humans and workplaces for the duration of the globe have been
dramatic. We present a significant assessment of preceding research rooted in art work and
organizational psychology, and related fields, for making enjoy of the consequences for
employees, teams, and art work companies. Our assessment and preview of relevant literatures
focuses on: (i) growing changes in art work practices (e.g., jogging from home, virtual teams)
and (ii) monetary and social-intellectual impacts (e.g., unemployment, highbrow well-being). In
addition, we observe the functionality moderating factors of age, race and ethnicity, gender, very
own family status, personality, and cultural versions to generate disparate effects. Illustrating the
blessings of organization science, our significant-scope compare gives an integrative technique
for considering the consequences of COVID-19 for art work and companies at the same time as
moreover identifying problems for future research and insights to inform solutions.
The pandemic sweeping the world, COVID-19, has rendered a massive share of the
group of workers not able to shuttle to paintings, as to mitigate the unfold of the virus. This has
led to each employers and personnel in search of opportunity paintings arrangements, mainly in a
fast moving metropolitan like Hong Kong. Due to the pandemic, maximum if now no longer all
people skilled paintings from domestic (WFH). Hence WFH has grow to be a coverage
precedence for maximum governments. In doing so, the regulations ought to be made retaining
in thoughts the practicality for each employers and personnel. However, this modern-day state of
affairs affords particular perception into how properly running from domestic works, and might
play a essential position in destiny regulations that reshape the modern-day shape of running
hours, probably bearing in mind greater flexibility. Using an exploratory framework and a
SWOT analysis, this take a look at investigates the persevering with revel in of the organization
and personnel face in Hong Kong. A important perception and associated pointers were
advanced for destiny coverage decisions. It will even significantly look into if this paintings
association will stay as a transitory detail responding to the first-rate circumstances, or whether
or not it may be a everlasting association.
April records showed that work–lifestyles balance, wellbeing and mission protection
were task throughout the pandemic. These remained the case through May and June, with
mission and moreover pay protection a particular task for furloughed personnel. The percentage
of personnel in our survey who've been furloughed had decreased from 25% in May to 17% in
June. Conversely, the share of personnel working regular hours stepped forward from 49% in
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May to 56% in June. While a majority of respondents who have been now no longer furloughed
(58%) are though working from home all of the time in June, this percentage has dropped due to
the fact April. More personnel are being required thru manner of approach in their enterprise to
attend their regular place of business in some capacity, from 37% in May to 40% in June. On the
whole, employees are satisfied (7-in-10) with how their employers are responding to COVID-19.
The identical percentage say their manager has checked in on their health and wellbeing.
Employees in massive element report that line manipulate assist and fairness have held as a great
deal as pre-pandemic levels. However, employees are continuing to revel in disturbing about
returning to the workplace, 11 alive though the share of personnel feeling this way declined from
50% in May to 45% in June.
“To determine the opportunities during the pandemic”
The pandemic also can moreover open the way to each fundamental reform or enormous
incremental changes. These can also additionally need to consist of: Building on and honestly
enforcing the ACA, which consist of having the federal government cover the complete prices of
growing Medicaid eligibility and enhancing subsidies for marketplace coverage. Moving
withinside the path of possibility rate models like capitation to help make certain a predictable
motion of income to providers that isn’t related to the amount of services delivered. Addressing
inequities in health care through manner of manner of continuing to increase get admission to to
coverage, helping safety-net facilities and small community providers, and requiring that health
specialists attend antibias training. Improving our public health response through manner of
manner of rigorously testing, contact-tracing, and putting aside infected people. Passing federal
law that would: installation a national public health facts system with real-time statistics on
sickness prevalence; amplify federal funding for developing and meting out new diagnostic tests,
treatments, and vaccines; require states to adopt measures to contain the spread of infection; and
allow licensed health specialists to participate in cross-country telemedicine.
The effect of COVID-19, specially at the enterprise international, couldn’t had been
expected however has been an first rate mastering experience—in particular for aspiring
marketers. Social distancing and far flung paintings have pressured conventional in-man or
woman organizations like restaurants, brick-and-mortar retail and occasion offerings to get
innovative with answers and live possible at the same time as additionally establishing a
international of possibilities for enterprise proprietors to satisfy consumers’ new and evolving
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needs. Entrepreneurs are innovative, innovative and risk-taking with the aid of using definition
so setting up a enterprise in or at once after a virus doesn’t frighten many away. However, there
are numerous area of interest markets or lacking areas within side the virtual market that
marketers can fill—thereby taking benefit of pent-up marketplace call for and setting their
satisfactory foot ahead within side the enterprise international. Here are thirteen best
organizations to do not forget pursuing, whether or not you’re making your entrepreneurial debut
or adapting the goods and offerings you already provide to a converting market.
The Covid-19 situation has devastated groups throughout the UK, with tens of heaps of
jobs having been lost, however a few businesses are hiring nonetheless. Many of the jobs are in
industries which have skilled excessive demand, including doorstep transport and hygiene
products. According to at least one employment internet site, coronavirus has substantially
altered the marketplace through now no longer best decreasing the variety of vacancies however
additionally through converting the character of the possibilities which are to be had. Jack
Kennedy, an economist at the roles internet site Indeed.com, said: “We have visible latest upticks
in reopening sectors of the economy, however common hiring traits stay some distance
underneath pre-disaster levels. The kinds of to be had jobs have modified too. This represents the
most important shift in task possibilities because the post-economic disaster recuperation began.
In the addition to its impact on public health, corona virus disorder 2019 (COVID-19) has
precipitated a number one financial shock. In this paper, we find out the impact of COVID-19 on
the small organization landscape inside facet the United States, that specialize in three questions.
First, how did small corporations regulate to the financial disruptions resulting from COVID-19?
Second, how prolonged did corporations count on the catastrophe to remaining, and the manner
do expectations have an impact on their decisions? Third, how may also possibility insurance
proposals impact organization and employment resilience? To find out, we surveyed more than
5,800 small corporations which is probably members of Alignable, a network of 4.6 million
small corporations. The survey have become executed amongst March 28 and April 4, 2020. The
timing of the survey lets in us to understand expectations of organization owners at a vital
component in time at the same time as every the improvement of COVID-19 and the
government’s response were quite uncertain. The effects recommend that the pandemic had
already precipitated massive dislocation among small corporations genuinely severa weeks after
its onset and former to the availability of government beneficial aid via the Coronavirus Aid,
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Relief, and Economic Security (CARES) Act. Across the overall sample, 43% of corporations
had fast closed, and nearly all of these closures were due to COVID-19. Respondents that had
fast closed in massive component pointed to reductions in name for and employee health issues
due to the fact the reasons for closure, with disruptions withinside the supply chain being tons
much less of a component.
On average, the agencies mentioned having decreased their energetic employment with the
aid of using 39% seeing that January. The decline became specially sharp withinside the Mid-
Atlantic region (which incorporates New York City), in which 54% of companies had been
closed and employment became down with the aid of using 47%. Impacts additionally various
throughout industries, with retail, arts and entertainment, non-public services, meals services,
and hospitality agencies all reporting employment declines exceeding 50%; in contrast, finance,
expert services, and actual estate-associated agencies skilled much less disruption, as those
industries had been higher capable of pass to faraway production. Our consequences additionally
spotlight the economic fragility of many agencies. The median company with month-to-month
costs over $10,000 had most effective sufficient coins accessible to remaining more or less 2 wk.
Three-quarters of respondents most effective had sufficient coins accessible to remaining 2 mo
or much less.* Not surprisingly, companies with extra coins accessible had been extra
constructive that they could continue to be open with the aid of using the give up of the year. Our
survey additionally elicited agencies’ ideals approximately the evolution of the disaster,
permitting us to examine the function of ideals and expectancies in decisions.
Conclusion
It is concluded the above report, Covid-19 pandemic is worst for country and business.
Due to this country and its economy suffered a most. This pandemic gives a negative impact on
the business as well as some positive also. In this situation business have less or zero
opportunities to operate their business and also explore new markets. Many companies are
operating their business with zero profitability because of less productivity that cause the job loss
of people. Many people are lost their jobs because there is no work in companies and availability
of resources are less. In this pandemic some business also explore some great opportunities to
increase their productivity and profitability, such as companies are adopt fully digital platforms
and techniques to run their business and promote their brand in market. Digital platforms helps to
business a lot to sustain and increase the business or marketing activity of brand. Government
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also helps to startups in finance terms so that they can run business and provide more job
opportunities to local people and this will helps to country also to enhance their GDP rate and
promote the better development.
Reflection
This is based on personal learning and experience while doing this research. Through this
research i learned a lot and get more experience to enhance or boost my career for better future.
Through this i analyse the factors that are impact the most to business in negative and positive
manner both. Some businesses are explored and adopt digital technology to operate and sustain
their business so that i determine those techniques and technology as well. Examine things for
researcher is most important to finish the project with facts and authenticity so that the output of
research comes up with best manner. While doing this research the skills become enhance more.
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REFERENCES
Books and Journals
Alshater, M.M., Atayah, O.F. and Khan, A., 2021. What do we know about business and
economics research during COVID-19: a bibliometric review. Economic Research-
Ekonomska Istraživanja, pp.1-29.
Chowdhury, E.K., Khan, I.I. and Dhar, B.K., 2021. Catastrophic impact of Covid‐19 on the
global stock markets and economic activities. Business and Society Review.
Danielli, S., Patria, R., Donnelly, P., Ashrafian, H. and Darzi, A., 2021. Economic interventions
to ameliorate the impact of COVID-19 on the economy and health: an international
comparison. Journal of Public Health, 43(1), pp.42-46.
Del Chiappa, G., Bregoli, I. and Fotiadis, A.K., 2021. The impact of COVID-19 on Italian
accommodation: A supply-perspective. Journal of Tourism, Heritage & Services Marketing
(JTHSM), 7(1), pp.13-22.
Hickey, H., 2021. Working in Person During the COVID-19 Pandemic: The Job Demands and
Resources of Reopening the Economy.
Khatib, S.F. and Nour, A.N.I., 2021. The impact of corporate governance on firm performance
during the COVID-19 pandemic: evidence from Malaysia. Journal of Asian Finance,
Economics and Business, Forthcoming.
Mousa, M., 2021. Responsible management education (RME) post COVID-19: what must
change in public business schools?. Journal of Management Development.
Prentice, C., Altinay, L. and Woodside, A.G., 2021. Transformative service research and
COVID-19.
Ratten, V., 2021. COVID‐19 and entrepreneurship: Future research directions. Strategic
Change, 30(2), pp.91-98.
Stepanauskas, L., 2021. Business-to-business sales force addaptation in post COVID-19
environment: the case of Atea Lithuania (Master's thesis).
Online source available through <https://www.hbs.edu/ris/Publication%20Files/20-
127_6164cbfd-37a2-489e-8bd2-c252cc7abb87.pdf>
Online source available through < https://www.erm.com/insights/covid-19-considering-the-
impacts-of-human-factors-on-business-integrity/>
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Online source available through < https://hbswk.hbs.edu/item/covid-19-and-the-workplace-
implications-issues-and-insights-for-future-research-and-action?cid=wk-rss>
Online source available through < https://www.commonwealthfund.org/publications/journal-
article/2020/jul/crises-and-opportunities-covid-19-pandemic>
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