Tuesday, March 31, 2020

How Smart Contracts Could Change the Way You Do Business

Sunday, March 22, 2020

Direct benefit to the workers




The International Labour Organization warned last Wednesday that the economic fallout from coronavirus could cause the loss of up to 25 million jobs. As on last Saturday, Malaysia has reported 1306 cases and ten deaths. Our governments and medical staff are doing their best to arrest this geometrical progression, as seen in China and Italy. The coronavirus crisis is putting on everyone under pressure. At these bad times, job security and job loss is a concern. Some sectors of the Industry is organizing, continue work from home, the however majority will struggle to maintain if the lockdowns are continuing. One of the key sectors is people working in the unorganized sectors, contracts workers and temporary workers. Based on different scenarios, the pandemic could lead to an increase in global unemployment ranging between 5.3 million, according to the most optimistic projection, and 24.7 million in the most pessimistic hypothesis, according to a ILO report.

Temporary unemployment unavoidable and Temporary working access.


Whether self-employed or salaried, workers can go overnight with no money or a significant drop in income. This lack of employment is mainly due to quarantine, which is also very necessary. However, during the shutdown, there should be minimum wages to pay for all workers.

Temporary unemployment will happen and that is inevitable for companies. Companies are in difficulty, and this temporary unemployment can go up from one month to a few months. Companies need special assistance to trigger production. Governments must recognize this problem.

The organizations must take urgent measures to protect workers at their workplace, boost the economy and jobs, as well as support jobs and incomes. Actions require prompt support of social protection and support for job retention. To avoid layoffs and the difficulty of restarting the economy after the epidemic, the government should facilitate access to short-term working.


Protect financial support to all workers while providing direct assistance to employers.


At one side, the government has to take care actions to stop coronavirus epidemic or the measures taken to limit the spread of the virus, as well as financial aid to companies and workers. 
The government must ensure that all affected SMEs Organizations must be given with benefits such as direct subsidy, tax benefits, and for workers with a lumpsum grant to each person.

To revive this loss, we need to have comprehensive measures to protect our workers, boost the economy and support jobs. Financial support to the employers will keep the businesses intact. This support can be Tax and monetary relief for SMEs and micro-enterprises, that support employment.

1. The direct benefit to the workers: In the wake of the Coronavirus outbreak, Govt must provide what is necessary to prevent the loss of jobs and give direct support to workers during these difficult times.

2. Nutrition program: Lot of workers would have undergone, assessment and observations. Nutrition support has an impact .

3. Emergency to reach money to needy: There must be an immediate lump sum and a minimum wage and also to preserve their purchasing power.

4. Access to Test Kits and medical facilities: there is a shortage of test kits and supplies. Test kits and supplies should be available at centres m without delay.

Healthcare workers: 

 

Hospitals, clinics, health workers in particular, are in high demand in the current situation. At this emergency, Hospitals can't employ their staff in compliance with all legal provisions, given their extraordinary workload and limited staff. Hospitals can even call back people retired recently to support the system. They will be allowed as much flexibility as possible and build a huge army of the medical team and supports systems. The priority remains the same: that is arresting the epidemic spread, however ensuring sufficient protection for medical and nursing staff, care assistants and all other persons involved is also critical. They must be well supported for valuable contributions and the extra time they contribute while protecting the rest of society.