Nowadays, businesses around the world must get the impact of the pandemic corona virus, which it’s time Think Big Analytics business intelligence to survive during this pandemic. As one of the important aspects of continuity, the business is to support the workers. Here are some actions that can support the workers and continuity of the business.
Society needs organizations that employ people to provide products and services. The authorities have no charity, no income, no funds, and no market. Governments do not create. That is why we have to worry about supporting people who continue to work after and while they work. If we combine this approach with compassionate and powerful leadership, we will preserve our way of life and protect the market.
The priority for the Danes would be to stop redundancies. They will cover 75% of the salaries and wages of company employees. The authorities will pay to stay at home. Those who stay will not receive this benefit, which is estimated to cost around USDÂ 2.5Â billion or 13% of GDP in three weeks. The government has agreed to insure 70% of bank loans to secure the company. The government assumes that the willingness to finance will be encouraged.
Support the Business
Canada has announced that 4% of GDP will go to support Canadians and businesses. This includes $27 billion in revenue and wage support and $55 billion to support corporate liquidity.
The provision of loans is a key step. However, these companies must not discourage workers. This approach creates the basis for business entry. The option is to lease the assets. They may get lost in the labor market and become demotivated and stressed when individuals are unemployed. The company will have to retrain employees and may close without support. It is much harder to start again than leaving it in mothballs and keep moving. People, companies, and the market are better off today.
Changes to Corporate and Welfare Taxes
The steps the police take to protect businesses are gang aid. Companies would deal with crises instead of dealing with them if they played in camps without taxes and social assistance. This is indeed a time for reflection on how to develop strategies for taxation and welfare. Once we have recovered from the effects of the pandemic, these changes will have to be made gradually by the United States and the government.
Do not impose social obligations on companies. CEOs, board members, and senior management should not receive bonuses if they lay off workers within five decades. Make CEOs accountable for the actions of this company. Make the company responsible and perhaps not pay bonuses to the CEO, punish shareholders, and reward the CEO.
Bonuses earned during the period, which is misleading if they did not participate, should be returned by CEOs.
CEOs should provide investors with a letter stating that they have performed due diligence and that they and their employees are not aware of dishonest or fraudulent actions within the company.
God knows when and how we will overcome this tragedy. We know, however, that the main silly concern of the United States is for him and his evidence. Recognizing his behavior and, hopefully, putting aside TV ratings with his attention, the wounds will produce men and women who will listen to him, even if they will do so to his followers in the United States.…