Covid-19: HR Challenges in Business Productivity Amidst Job Losses - Essay Sample

During the pandemic, many people have lost their jobs. It is currently difficult for organizations’ management to support their businesses by the loss of jobs reported. It’s hard for organizations to progress. Human resource management and CEOs struggle to maintain normal working conditions while ensuring productivity among employees. The corona pandemic virus has seen the HR management notice the importance of both employees and employers finding solutions to this pandemic. Many epidemics such as the coronavirus have always been an opportunity for human resource management to practice humanity and show their competence by ensuring the effective operation of organizations.

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The coronavirus has had many implications on both the employers and employees in America and the world, forcing the country to formulate structures to safeguard organizations and companies from further problems. According to Mike, he illustrates what HR has have come to realize and prepare for any challenges. Leaders in the business industry in America aim to form a joint organization of HR management that will equip all employers and employees with skills and knowledge on how to operate with each other during this period of the corona. The head of the micro-business department in the US is the main person targeted at influencing human resource management structures due to his experiences from various departments in several countries such as Belgium Embassy. Gregory says the key elements of an effective HR management is the current environment in America. Factors include the rapid spread of the coronavirus in the country. Measures put in place to prevent the spread of corona such as lockdown are making the country experience a drop in the economy, thereby reducing available employment opportunities.

The pandemic is creating a hostile environment for economic activities. The spread of corona is affecting the economy in three ways: shock travel, confidence effect, and the supply chain in the US market. The shock on financial matters and economic income has a significant impact on human resource management since it affects the hiring of employees and also their management. The industrial strength determines how HR management spends on hiring and implementing any activities in an organization. Deflection in confidence affects both employers and employees. Some employers are unable to provide entertainment due to insufficient funds for providing essential services to workers in organizations all over the United States.

The pandemic has caused a dramatic change in the level of road congestion reducing traffic in America. There are many claims on joblessness, which make employees experience stiff competition and operation in various organizations. The number of job claims over the past few weeks has risen to almost 3 million. Employees in multiple organizations find it hard to sign for retirement benefits, which tend to destroy the current relationships among employees and employers. Small sectors affected include small businesses such as restaurants, shops, and vendors.

The people who are affected are the gig workers, independent workers. The challenges of sharing equally the available opportunities in America reveals the difficulties of inequality in the country, which eventually exert pressure on human resource management systems in the united states of America. Many families have reduced their emergency savings, and some lack due to the corona crisis, which requires active human resource managers to ensure proper utilization of available resources. The pandemic has reduced economic activities, putting money in people’s pockets without them being productive. Currently, financial leadership is critical for the growth of any organization or company. Both employers and employees experience severe contraction due to various shocks from the crisis. The presence of the virus has made the US GDP drop from 1.7 by a margin of 1.9ppt.

Personal Opinion

Primary market credit and secondary market credit are factors that aim at a game-changer after the corona crisis, which will provide a market. Congress is doing whatever it can to rescue the economic level by availing money required for the development of businesses to an organization. Lockdown in the US is the most severe containment measure that sharply hits the country’s economy. Employment is plunging and unemployment surging with a lingering shortfall. Economic policy stimulus is massive at a lower percentage of GDP, making the economy suffer from a sharp downturn. The decline in real GDP growth and employment is in motion.

Steps to Implement Best Practices

Strict actions and leadership during and after this corona crisis in America and other parts of the world are critical to the recovery of the economic sector. Though companies may tend to employ skilled staff to rescue their business, they are also likely to experience historic challenges whereby they tend to higher less and expect more. Therefore all leaders in the business industry and the human resource managers should be ready to spend awesomely to achieve the objectives of their businesses. For employees to feel valued and feel satisfied with their management, the HR manager can take views of employees’ time and attendance. Besides vision and effective leadership, an organization also needs the right human resource solution or software to make everyone actively involved in development activities. An automated time and attendance feature can be used to gain insight into employees’ working patterns, thereby utilizing limited resources during any crisis.