Various Ways Companies Retain Employees During a Pandemic
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Companies have undertaken various efforts to retain their workforce despite the impact of the Covid-19 pandemic on their operations. A survey by the Central Statistics Agency (BPS) shows that reduced working hours were the most common measure taken by companies compared to other options.
Other options included furloughing employees without pay or with partial pay, and short-term layoffs. The percentage of employees furloughed with full pay was very low, at only 3.69%.
The survey, titled "Analysis of Survey Results on the Impact of Covid-19 on Businesses," involved 34,559 respondents. These respondents came from all business sectors except government, household employers, and international organizations. The online survey was conducted from July 10-26.
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