Such a situation was neither imagined nor experienced earlier! In fact, markets have seen fluctuations – time and again – for different reasons, but none is closer to this sort at the level of crippling the market and affecting the morale of the resources – causing a disturbance at every level possible. To put it precisely, in the wake of the Covid-19 pandemic, the whole world simply got a jolt.
Now, post-pandemic, after a year is passed, we are still in the recovery mode, garnering resources and infrastructure, and streamlining the workforce to get the best results. For various reasons such as forced recession, obstacles in project acquisition, employees in numerous organizations of different sizes, have either faced salary reduction or got removed from jobs. Some resources moved to other jobs anticipating lay off. Organizations had to recruit new resources strategically considering various factors.
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