Open AccessCOVID-19 PANDEMIC AND THE PLIGHT OF PRIVATE-SECTOR EMPLOYEE: A SAMPLE STUDY
Author(s) -
Mini T.C.,
AUTHOR_ID,
Aadithya R. Nath,
a Vinitha,
AUTHOR_ID,
AUTHOR_ID
Publication year - 2020
Publication title -
international journal of advanced research
Language(s) - English
Resource type - Journals
ISSN - 2320-5407
DOI - 10.21474/ijar01/11807
Subject(s) - private sector , government (linguistics) , business , salary , job security , population , sample (material) , pandemic , unemployment , government sector , labour economics , economic growth , work (physics) , covid-19 , economics , market economy , sociology , mechanical engineering , medicine , linguistics , philosophy , chemistry , demography , disease , chromatography , pathology , infectious disease (medical specialty) , engineering
COVID-19 is a major global pandemic the world is reeling around. This pandemic has significantly affected the world economy due to the closedown and suspension of activities in various sectors. Though many migrant workers lost their jobs instantly, many private-sector employees still face unprecedented pay cuts even today. The only safer population is the government employees who enjoy better job security and salary assurance. However, the younger generation today prefer to work in the private sector due to various factors. In this circumstantial situation, this sample study was focused on the effects of COVID-19 pandemic on the private sector employees and their attitude towards their job, the employer as well as government jobs. The study results revealed the economic unpreparedness of private-sector employees to manage the financial turbulence which humanity is facing now. Unforeseen pay cut has led to a disastrous situation in the lives of private-sector employees. And the study results also show, despite all this hardship, the private sector employees do not want to shift themselves to government jobs and cope up with the situation in their unique ways.