Posts

Showing posts from April, 2020

“It is STARING at our BUSINESS; What’ll we do amidst CORONA?”

Image
On April 3, The Washington Post reported that “10 million Americans filed for unemployment benefits last month. Many have been laid off amid the tenure.” The American medical team leader against Covid 19 epidemic, Dr. Anthony Fauci, made the statement that US is expecting a rough estimate of 100,000 to 200,000 deaths among millions of cases. Kristalina Georgieva, Managing Director, International Monetary Fund remarked in her WHO briefing that “the world economy is coming to a standstill. We are now in recession. It is way worse than the global financial crisis…And only united we can do our duties.” Dilemma over corona crash is trembling the business World. The need of the hour is a global plan to confront the challenges. Corona and its aftereffects are a global issue. So global cooperation is adequate to tackle this menace. Corporate in-houses are start processing strategic changes to their policies. R&Ds are concentrating to provide innovative solutions and alternatives to m...

SPECIAL RESOLUTION FOR EMPLOYMENT STABILITY

Image
UAE Ministry of Human Resources & Emiratization issued a special resolution for employment stability in private sector during the period of application of precautionary measures to curb the spread of Novel Coronavirus. All establishments should comply with the latest resolution stipulating remarkable changes in employment structure. The changes can be implemented in short term or long-term subject to the agreement between employer and employee. The resolution also provides a virtual labour market, on which job seekers can register and search for jobs. The new resolution came into force from 26/3/2020. Below highlighted are the major changes, which can be made in the existing employment contracts.  JK