Gone are the days when you’d have to rush out to work in hopes of beating the traffic. Now, important negotiations and deals are happening over Zoom calls. COVID 19, the invisible enemy that’s eating away at economies has changed the way the world works and earns a livelihood globally, and has changed the face of workplaces as we know it.
Virtual platforms have become the face of workplaces – instead of just swiveling a chair and reaching out to a coworker. Companies are using platforms like Zoom, Google hangouts, Microsoft Teams, Skype and the like to have discussions, meetings and one-to-ones so they can communicate what needs to be said, while also keeping in touch with their employees to maintain motivation and amp up the productivity.
We all know it is important to have regular meetings at a workplace to keep the rhythm going.
The new way of doing business
Mergers have taken place while we’re under lockdowns maintaining social distancing – the show must go on, afterall. While it was unimaginable for deals to go in smoothly over anything other than a face to face meeting, COVID 19 has forced business to find alternatives. It appears that these alternatives are working out quite well.
Globally, the pandemic is making employers and companies reassess its priorities, especially in the workplace. While many have companies have had employees working remotely in the past, the scale at which it has grown is exponential.
More and more companies are ensuring that at home workplaces for their employees are made more connected with access to technology by ensuring that each of them have the required tech equipment such as laptops, good internet connection, VPN connection, digital database systems among others in place.
However, many still struggle with this new process and crave the need for one on one interactions in order to be productive.
However, these changes aren’t without its downsides. Many industries whose workplaces cannot be moved online have suffered at the hands of the crashing economics. High end brands, eateries, gym franchises, auto companies, startups and the likes are facing a steep downfall in demand and as a result letting go of many employees and cutting costs. Many believe that this is just the beginning of how the workplaces will be reshaped and that many more jobs will be lost down the line.
According to the International Labour Organisation, an estimated 250 million jobs could be lost worldwide as a result of the COVID-19 pandemic and the most affected among them would be those in less protected and low-paid jobs, particularly migrant workers. The pandemic has had devastating effects on migrant workers who work in the lower rungs of international businesses whose families rely on their incomes for survival. Companies and workplaces have gone on survival mode.
Data security is becoming very important
Many believe that workplaces will never be the same again. Another impact of COVID 19 is that companies globally are investing in more software for data security and privacy as they move all their operations and their workplace online. While it is easy to work from the couch right now, crucial data leaving the physical workspace and being accessed remotely brings its own set of problems. Older employees who aren’t as tech savvy may find it hard to keep up with the growing pile of work.
With the way consumers buy shifting and fluctuating, supply chains all over the world have been disrupted. They remain under pressure. Everyone is responding in a different way to the crisis but one thing remains a constant – they must adapt to new and uncertain market conditions, embrace the challenges continuously – to rise above this pandemic’s impact.