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The hidden tactic overloaded workers are using to catch up
The issue of Leaveism
- Leaveism is the behavior that makes employees feel compelled to use their holidays or days off to complete work-related tasks, away from the office.
- It is a problem that is increasing annually because of the pressure to fulfill the expectations of ever-changing deadlines and demands of the employers.
- As the numbers of the unemployed increase, the attitude towards work changed. With fewer people covering the same volume of work, workloads have become tedious and exhausting.
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How can the economic outlook appear so bleak, while economists remain upbeat? Not all recessions affect people equally.
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Key Ideas
Recessions come and go
- A recession is "good" or "bad," depending on who it impacts and how badly it affects them.
- In the last thirty years, a recession has come and gone somewhere in ...
Recessions are far from equal
- Banks are better able to handle a financial crisis than a decade ago. The 2008 recession was about the housing market and shares, which affected higher income groups.
- The present crisis seems to be hitting the lower-income groups, the vulnerable workers, young, and less skilled. It is similar to the late 70s, early 80s recession, which affected young and unskilled workers.
- Another lesson from 2008 is that recessions don't always lead to significant numbers of job losses. Layoffs were concentrated among a small number of people, and they stayed unemployed for a long time.
- In this recession, far more workers will be at risk if social-distancing rules remain in place over a long period.
GDP during a crisis
- A drop in GDP was expected during the 2020 lockdown. Shops and businesses were closed, and the total value produced by goods and services decreased. In turn, this affected the staff of those businesses earning less money.
- Furloughs. At its peak, about nine million people in the UK were paid a furlough - the government paid 80% of their salaries, and the employer could choose to top up the rest. Other countries have similar state-backed furlough schemes. These schemes will be coming to an end, and employers will have to decide if they have to lay off employees permanently.
- The losses are not yet crystalising. People are taking mortgage and credit holidays. It means the losses are pushed further down the road. The financial sector bubble will burst, and we will see real turmoil again.
Before Covid-19, many of us thought remote working sounded blissful. Now, employees across the world long for chats by the coffee machine and the whirr of printers
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Key Ideas
Longing For The Office Culture
- Earlier a privilege for a few, work from home became a norm for most office-goers due to the ongoing pandemic and is likely to remain for the rest of the year.
- The shift towards wo...
Work-Life Balance When Working From Home
- Though employees are happy to see the demise of daily commutes and parking hassles, they are finding out that there is no work-life balance at home.
- Most workers live in apartments that aren’t suitable for 8 to 10 hours of work every day, as it was never designed to be a full-fledged office.
- Many employees would want to get back to offices as soon as possible due to social and mental issues, like the feeling of loneliness at home.
Digital Monitoring
Monitoring software that checks time spent on different applications, chat response time, and keystroke recording is now in great demand.
HR departments worldwide are fueling the use of technology to have a way to control the employees that are now no longer in the office.
The pandemic has amplified the long-enduring narrative that reskilling is an answer to workforce woes. But is it?
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Key Ideas
Reskilling And Refitting
- Due to the pandemic, millions have had to say goodbye to their existing jobs, as companies and stores make positions redundant or go bankrupt themselves.
- Training oneself or upgrad...
The Problem With Reskilling
- Globalisation and technological progress have impacted the well-paid ‘blue-collar’ jobs negatively, apart from disrupting routine office work. Addressing a skills gap by training workers sounds great in theory, but various studies point out to a different reality: skilled workers are already in oversupply.
- The problem arises from the retraining occupations that workers are doing, which may not be what the industry requires, but just a small fraction of the total vacancies. Add to this the fact that technology itself is automating tasks at a brisk pace, eliminating thousands of jobs altogether.
Realism About Reskilling
The push towards reskilling is not a scam, but merely a misalignment of incentives and a myopic focus on ‘skilling’, which does not shine a light on the numerous other factors that prevent people from getting new jobs, or keep them stuck in dead-end jobs:
- Lack of interoperability between organisations for employer health or retirement plans.
- Lack of decent-paying entry-level jobs.
- Logistical and commuting issues of the employee.
- Lack of guidance and support to laid-off employees from the industry.