The coronavirus pandemic has created a lot of uncertainty for businesses about how they can continue trading during this turbulent time, as well as for employees, some of whom are left questioning what this means for their tenure going forwards.
At such a testing and stressful time, it is likely that some employers will have to make difficult decisions regarding worker headcounts and terminate some people’s contracts in order to survive.
Trump Hotels, Marriott International and Compass Coffee are just a couple of companies that have already shed staff due to COVID-19.
With so much changing on an almost hourly basis, it is important for employers to be transparent with staff as this will help with communication and squash any unnecessary stress and anxiety.
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