Tag: job loss

Think the chat you’ve had with a group of colleagues is a secret and won’t cost you your job and reputation? Think again… Nobody could have predicted that the arrival of social media on the business and social scene more than ten years ago could lose people jobs, reputations and careers. But it has.

Many people around the world are turning to the gig economy and side hustles to make ends meet, especially as the economy continues to take further knocks from the COVID-19 pandemic. Cash strapped South African consumers are taking strain from debt collectors with limited options to manoeuvre their existing budgets but very few have spotted the opportunity or potential of the gig economy.  

Working from home has become a normal part of business life, a part that is unlikely to come to a crashing halt any time soon. Within this new normal are casual clothes, comfortable working conditions, as well as less time spent in cars and chatting around the water cooler.

The bank is taking a cautious approach due to pandemic uncertainty but says payouts may resume as early as June. Nedbank won't be paying a final dividend for 2020 after rising credit impairments, fewer transactions and falling interest rates resulted in a big decline in full-year earnings. But it is confident that payouts will resume this year.

In recognition to International Women’s Day today, I share my thoughts on the impact of COVID-19 on women; and how we are learning and evolving as a result. The McKinsey Women in Work 2020 Report indicated that 1 in 4 American women consider downshifting their careers or leaving the workforce. As the report states – the 'double-shift' that women have already been working has become even more intense.

The year 2020 came about with a great amount of hardships and offered critical financial lessons such as, having an emergency fund; the importance of budgeting and having sufficient insurance cover to protect yourself and your loved ones. The New Year provides an opportune time for one to reflect, take stock and review their insurance covers to ensure that they are financially prepared to handle any unexpected turns this year.

2020 will be remembered as the year where the COVID-19 pandemic swept across the world taking the lives of many. This human tragedy was accompanied by an economic crisis as global economies shut down in an attempt to slow down the spread of the disease.

Over the course of lockdown, pundits have shared some harrowing statistics regarding the increase in unemployment in South Africa. In general, our unemployment rates are moving in the wrong direction and the affected households have suffered great hardship as a result, but it is important to understand what this means for our tax base and our growing budget deficit.

As the COVID-19 crisis redefines how economies and society as a whole function, human ingenuity has sparked a wave of innovation set to be the blueprint for the decades to come. According to the 2021 Trends, organisations will have the opportunity to map out new territory as they embrace new strategies, services and experiences to meet evolving human needs.

Global companies must review their role in local markets to be key contributors and collaborators in the post-COVID-19 ‘rebuild’. Expectations are that business steps up with renewed energy in assisting the recovery of global economies from the COVID-19 pandemic.