Covid19 and HR

Implications for business

• Fall in market capitalization
• Lack of clarity about client/customer’s operation-present projects
affected
• Uncertainty and fall in revenue
• Marketing & sales activities affected due to restrictions on public
movement/gatherings
• Raising of finance may be affected
• Revision of business strategy (short term)
 Influences on HR
• HR related pay outs may be affected – medical insurance pay outs
• HR budget may be affected – affecting HR activities
• Employee workforce – may be reduced.
• Future recruitment plans be affected.
• Compensation – variable payouts, incentives, increments may get affected
• Employees may asked to work from home. Telecommuting options may be
explored.
• Communication through webex, skype, google chat.
• Conduct awareness sessions about Corona - Its spread, containment and
precautions.