COVID-19: Challenges to HR Strategists and Way Forward

Kailash Nath Chaube

Abstract: An unprecedented degree of spread of Corona virus (COVID-19) across the globe has shaken the confidence of human race. Till very recent, an exponential increase in loss of life and the number of infected people had brought the cities to a complete lock-down-state. The epidemic threw the business activities completely out of gear. Though, the devastating impact of this epidemic on businesses is yet to be ascertained but if the screaming escape of labourers from cities to villages due to job losses were of any indicator, the situation continues to be grim. Companies are faced with the problems of not only labor migration but how to revive the operations and restore the logistics and supply chain management. Falling demand due to job losses has further added fuel to fire. In nutshell, the businesses are struggling to survive while the national and global economy is staring at the prospect of a historical downfall.

Keywords: Virtual Workplace, Corporate Exigency Fund, Corporate Contingency Plan