The Pandemic Is Widening a Corporate Productivity Gap

The Pandemic Is Widening a Corporate Productivity Gap

Author: Rohit Khosla, Jindal Global law School

Abstract

The topic evolves around the corporate productivity gap due to pandemic around the world many countries have seen the worst productivity gap in their corporate culture and some has seen the good result despite the Covid-19. Many companies who have developed the exact policy for their work from home culture and making their employee better and give them the work activities and other thing have done the good at making the productivity good scale but some cases who did not have taken care of the policy of the productivity of the work from structure or time management has phased the major issue of the productivity. My article will give you the right on this productivity gap of corporate in this pandemic.

It is correct to say that Covid-19 pandemic has enhanced the productivity gap in the corporate world all over the globe. In this pandemic time most of the company have developed the new ways of doing their job but some have seen drastic decline in doing the work. If we talk about the productivity gap in corporate then we will be having a different answer to it. Many companies have told their employee to work from home so that they are giving more time and effort to their project which have been taken by them into their hands but on the other hand, many employees have manage to go to the office to work in this category we can mention police officers, Bank employees and many others.

The answer to the productivity gap will depend upon company to company and the business in which they are in. however the majority of the organization were maintaining the good productivity and rest were not, the key element between rest and best in the productivity gap is how well they are using their scare time resource and other things.The company which have make the direct policy to increase the productivity in normal day-to-day activity were able to keep the moral up in the pandemic as well because they know the exact way to increase the productivity.

Those who did not have any policy to increase the productivity of their staff was not able to increase the productivity because if they were not able to increase the productivity in their normal day then the pandemic and the work from home had increased the productivity at par. In India pandemic has proven to be the good for some sector and worst for some sector in terms of the productivity because the resources they are using is best for them and not proven best for rest. The best companies which have proved that the pandemic cannot halt their desire to run the company.

Majority of the company have use the different way to acquire the talent in there in hand employee by running the workshop online and telling them to do task and get the awards by this many companies have increased their productivity but there were some who did not do it as per trends change. If the company keep on using the old school method than it have to prove to be the one of the drastic step for them to increase their productivity. The retail sector who are selling the essential commodities in this COVID-19 time has seen the very high productivity from their employee in terms of sales and time management. I have personally seen in the recent times that the classes who have the best time management skills has the best productivity in the recent times.

Most companies have struggled to tread water during the pandemic. A dearth of demand for products and services has kept them out of the labour market, unable to capitalize on opportunities to acquire new talent. Meanwhile, their current employees have faced mounting pressures at home, as they juggle work and family. As a result, some organizations have seen many of their star performers leave the workforce — at least temporarily — reducing overall productivity. We estimate that Covid-19 has had a slight negative impact on most companies’ ability to attract, retain, and manage top performers, leading to a slight decline in overall productivity.[1]

The engaged employee has proved to be the best in productivity and other skill than the skilled employee in the era and the society. The productivity of the employee has been to increase while working on the teleworking in the pandemic time and the company has work on the various issue as well to increase the productivity. Teleworking — “telecommute” or “home-office” — has been a vital practice for some organizations and labourers during the lockdown time of the COVID-19 emergency. During this scene, social orders have gone through an enormous scope “constrained examination” were areas, firms and labourers have kept on working while at the same time being actually isolated, if they had the fundamental innovative, lawful and advanced security conditions. This has possibly enormous effects on organizations, all things considered, if they had grasped teleworking previously (OECD, 2020[1]).

It should likewise be remembered that, while telecommuting permitted a few firms and labourers to better ‘endure the hardship’, particularly the individuals who utilized telecommuting previously, the capacity to telecommuting during the emergency was not open to all and differential admittance to telecommuting may well have exacerbated existing disparities. For example, numerous specialists – particularly youthful, less taught laborers at the lower part of the pay dissemination – during the emergency worked in positions requiring actual presence.[2]

The international labour organization has give some instruction in the form of the guide that has to be in touch with the company who have the given the work from home category for their employee in this pandemic.[3] We’ll roll out these imperative sees from a few of the beat minds in commerce, open well-being and numerous other areas in a few articles over the another few weeks. We’ll listen from individuals counting Melinda Entryways on sex uniformity, Zoom author Eric Yuan on the long run of video calls, Forlorn Planet originator Tony Wheeler on what’s following in travel and Unesco chief Audrey Azoulay on the morals of manufactured intelligence. Today, we’re beginning by looking at the issue of work: how the widespread has standardized farther work, and what might be cruel. Will we go to the office once more, and, in the event that so, how frequently? What affect will a ‘hybrid’ way of working have on how we communicate, interface and make? Will work-from-home be the extraordinary leveller in terms of sex uniformity and differing qualities? And what will work cruel on the off chance that our workplaces are virtual, and we lose those day-to-day social interactions.[4]

Reference

[1]https://hbr.org/2020/12/the-pandemic-is-widening-a-corporate-productivity-gap

[2]https://www.oecd.org/coronavirus/policy-responses/productivity-gains-from-teleworking-in-the-post-covid- 19-era-a5d52e99/

[3]https://www.ilo.org/wcmsp5/groups/public/—ed_dialogue/—act_emp/documents/publication/wcms_745024.pdf


[4]https://www.bbc.com/worklife/article/20201023-coronavirus-how-will-the-pandemic-change-the-way-we-work

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