Managing payroll through the coronavirus crisis
Out of all the economic shocks, consumer hysteria is the most lethal. Since the global outbreak of coronavirus (Covid-19), the panic and fear among the public throughout the globe is spreading faster than the virus. Coronavirus is bringing many challenges to businesses around the globe but providing support to employees is a high priority. Top Indian companies are closing ranks to protect their employees in the fight against Covid-19 by introducing special provisions in company policies to assure quarantining staff that their isolation period will not affect their take home salaries. Many governments are moving swiftly to introduce new measures to support the economy and their populations during these difficult circumstances. Businesses will need to adapt their systems and structures to keep up with the changing legislation. Companies should always prioritise the best interests of their staff wherever possible, and HR and payroll issues should be the focus now. Ensuring people a...