ILO Monitor: COVID-19 and the world of work, 2nd update
ILO (International Labour Organization) has updated “ILO Monitor: COVID-19 and the world of work. Second edition”. Since the first edition, the COVID-19 pandemic has further accelerated in terms of intensity and expanded its global reach. According to ILO, full or partial lockdown measures are now affecting almost 2.7 billion workers, representing around 81% of the world’s workforce. Leaders and businesses across a range of economic sectors are facing difficult decisions, as COVID-19 is changing their business. There are many cases where COVID-19 has prompted innovative leadership in an attempt to avoid catastrophic losses, and a potential end to operations and or even solvency.
COVID-19 crisis is leaving millions of workers vulnerable to income loss and layoffs. According to ILO new edition, employment contraction has already begun on a large scale in many countries. Changes in working hours (which reflect both layoffs and other temporary reductions) reflect the new reality of the current labour market situation. As of 1 April 2020, the ILO’s estimates that global working hours will decline by 6.7% in the second quarter of 2020, which is equivalent to 195 million full-time workers.
The ILO estimates that 1.25 billion workers, representing almost 38% of the global workforce, are employed in sectors such as retail trade, accommodation, food services, and manufacturing. Dues to Covid-19 crisis these are sectors that are now facing a severe decline in output and consequently a dramatic impact on the world’s workforce. The workforce in high risk of displacement will experience greater challenges in regaining their livelihoods during the recovery period.
>Read the full report here!
ILO discusses how policy responses are critical now in order to provide immediate relief to workers and enterprises and protect livelihoods and economically viable businesses. According to the ILO report, the final tally of annual job losses will depend on how much longer will COVID-19 continue to impact the world and whatever measures taken to mitigate its impact. Stay updated, subscribe for more insights like these!
Managing your people through COVID-19
The COVID-19 pandemic is undeniable affecting the world. And the situation is changing at an hourly rate as we go into a second global lockdown. Businesses are having to adapt quickly to survive, i.e. cutting steps in their hiring process, and no-one knows how this will play out. However, there are ways you can mitigate the impact, learn how with this FREE ebook. Taken as a whole, this ebook is the perfect primer for any HR professional, business leader and companies looking to avoid employee background screening risks. It provides the tools and knowledge needed to stay ahead of COVID-19 effectively. Read the answers to the following questions:
- How to turn the tide’ on coronavirus crisis?;
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> Download your “Employee Screening during COVID-19: everything you need to know and more!“ FREE ebook here![/vc_column_text][accordion_father][accordion_son title=”Who is ILO?” clr=”#ffffff” bgclr=”#1e73be”]The ILO was founded in 1919, in the wake of a destructive war, to pursue a vision based on the premise that universal, lasting peace can be established only if it is based on social justice. The ILO became the first specialized agency of the UN in 1946.[/accordion_son][accordion_son title=”About CRI Group” clr=”#ffffff” bgclr=”#1e73be”]Based in London, CRI Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening,
In 2016, CRI Group launched Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.[/accordion_son][/accordion_father]
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