Career wellbeing

Job losses in the pandemic impact career wellbeing

In the pandemic crisis, many industries are experiencing daily disruptions. Some companies and businesses have found themselves in the unfortunate situation of being completely shut. The unemployment rate has risen sharply. The main concern that affects career wellbeing is the current unemployment situation and productivity issues faced by companies. For companies or business establishments, there is a role of workplace wellbeing tools in increasing work efficiency.

In the pandemic crisis, many industries are experiencing daily disruptions. Some companies and businesses have found themselves in the unfortunate situation of being completely shut. The unemployment rate has risen sharply.

The main concern that affects personal wellbeing is the current unemployment situation and productivity issues faced by companies.

For companies or business establishments, there is a role of workplace wellbeing tools in increasing work efficiency.

The covid-19 pandemic has reversed job growth and pushed millions of people into unemployment. Unemployment has increased as a result of the lockdown, especially in metropolitan cities. Some of the main reasons for the job losses are:

Company shut down

Several businesses were forced to shut down as a result of productivity issues during the pandemic. Losing a job due to no fault of one’s own is a nightmare for employees.

Unemployment has a significant impact on the psychological well-being of a person. A mid-career crisis coach can assist in dealing with such a situation. Also, Career counselling for working professionals can help to regain control of the situation and to stay optimistic.

Downsizing

The pandemic has resulted in mass layoffs in the corporate and non-corporate industries. Many organizations have announced downsizing their human resources to keep it running.

Laid-off employees are dealing with the anxiety and anguish that comes with being jobless. Many are attempting to deal with failure with the assistance of a mid-career crisis coach.

On the other hand employees, including managers, in many corporate organizations are anxious about their jobs. Companies can organize career counselling for working professionals in their companies to resolve productivity issues.

Three workplace wellbeing tools incorporated during pandemics are

● Precise work-life boundaries

● Rewarding

● Headspace for relaxing

Inability to cope up

Employees were impacted by the organization’s downsizing of human resources. They had to do extra work as a result of the substitution. There was higher stress and workaholism as a result of more work which resulted in productivity issues. Personal wellbeing directly affects professionalism and productivity.

Many people who worked in organizations that lacked workplace wellbeing tools left their employment.

During these difficult times, organizations have become more cognizant of the importance of career counselling for working professionals.

Impact on Career Wellbeing

People who lost their jobs, whether due to downsizing or company closure, impacted their financial, mental, emotional, and social well-being.

Many people felt like failures after losing their jobs overnight. Those who had worked for the same company for a long time felt particularly let down.

In short, there were mixed sentiments of failure, being let down, and a sense that all of the time and effort put into a firm had been for naught.

This leads to a mid-career crisis.

Organisations have become increasingly aware of the need for career counselling for working professionals during these trying times.

If you are running a business organisation or a company and notice a drop in productivity, it is advisable to check the Joygraph for career wellbeing and the personal wellbeing of your workforce. The Joygraph can unlock the solution to productivity problems.

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