Undoubtedly, all business establishments, irrespective of their strength and type of industry, have been already affected greatly by the coronavirus pandemic.
Measures companies should undertake to minimise the business risk/ employment problem:Effective communication strategiesCompanies should make it mandatory to provide strict guidelines on all available platforms, whether through posters, blogs, IG stories, etc.
Strong business contingency planImplementing flexible business hours and work-from-home arrangements will safeguard the business and health of the employees.
Strong, clear coordination should be maintained routinely between state and local health officials and business representatives until the situation improves.
Undeniably, the entire industry, primarily the manufacturing industry and the informal sector—comprising daily wage workers, migrant labourers, domestic help—are among the worst affected areas. | To read full story, visit https://startuparound.com/read/1585906206.25317/Impact-of-the-coronavirus-pandemic-on-business-and-industry?ref=audio_experience