Amritsar, NFAPost: A recent study by job-search website Indeed shows that most Indian companies are prepared for business continuity as a response to Covid-19 pandemic situation and are shifting their human resource policies related to work-from-home arrangements for ease of work.
“Even as the world is grappling with the pandemic, resilience is being displayed by many employers who are exploring new ways to ensure their workforce is able to function seamlessly and continue the business,said Managing Director of Indeed India Sashi Kumar.
The study showed that businesses across the country are adapting to this unprecedented situation by leveraging collaboration technology to ensure uninterrupted work and are also developing new HR policies to make remote working efficient and effective.
The survey by Indeed highlighted that overall 64% of Indian businesses are ready or getting ready to handle business continuity in the current situation, while 3% of small-and-medium businesses said that they are well prepared and around 39% of large businesses are gearing up.
According to the survey, the gig economy is the best prepared, with 83% of businesses stressing on their contingency plan that includes frequent communication protocols and technological infrastructure to ensure seamless remote working.
Another highlight that the survey pointed to was that about 50% of Indian businesses have reduced embedded resources, such as contract workforce or freelancers.
“Recruitment has experienced the greatest impact, with 36% of the surveyed businesses overall confirming that they have temporarily suspended their hiring activities, rising to a sizable number of SMBs and large businesses now focused only on critical hiring,” the study said.
Indeed conducted this survey among 150 employers of SMBs, large organisations and gig economy businesses across 10 cities in the country.