Companies are contributing funds for the pandemic PM cares or any other source on one hand and, retrenching (laying off) people on the other hand/ holding vendor’s payments/ announcing for pay cuts.
When there is no money to fund their own employees’ salary, why is this ‘charity – show off’ going on is what every employee/vendor might be thinking of. It is all about maintaining balance in the ecosystem.
There are two ecosystems in which every Company operates. One, the ecosystem of the organization – the Company, its employees and their families. And second ecosystem, the actual society in which we all live the Company with its employees, workers, vendors, clients and the whole of the people in the city, state, country, and world. The company’s ecosystem is a small part of the second ecosystem, the larger one. When you support the larger ecosystem to survive is when you survive.
Similar to the instance that, you can’t exhaust all the oxygen in the air by consuming off and live on oxygen cylinders at home.
In a population of 130 cr, Around 50 crore population is in the labor category according to 2015 stats. They are at the base of every Industry. And so they serve the base of society’s ecosystem too. If this population is affected, then every project, every company, every society goes for a toss. So it becomes the utmost ethical responsibility of every individual, every government and every Company to care for this class of the society.
If there is a pay cut or layoff for someone in an executive role like us, definitely we won’t starve without food, but will sustain at least three months, though our luxuries like EMI for a home loan, car loan might get affected in a major way, our psychologies will be affected. Our luxuries, savings, and net worth will come down. But with appropriate support from family, friends, and psychologists we will overcome it. We will emerge much stronger because adaptability is our inbuilt skill when we humans were created. We are educated, smart and tactful. But the workers or labor class who are struggling to earn their daily bread to survive for the next day won’t be able to sustain even a week with no food, no money, no job scenario. We are in a much better position.
So support the Companies who are supporting the society. Let us not create a hew and cry on the compromises on our luxury. Let us bounce back better and stronger.
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How to survive without much difficulty after a layoff or pay cut?
Industry employment trends after the pandemic which you can take advantage of
Employment trends / After effects worldwide after Pandemic.