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COVID-19 pandemic makes job security a major concern among employees: TimesJobs survey

63% respondents at TimesJobs survey said that the Coronavirus outbreak has adversely impacted their way of working
27% professionals claimed that the IT sector would be worst hit by COVID-19 spread
23% of respondents said job security was the biggest concern for them at present

Most Indian workplaces have installed relevant advisories as a measure to make their workplace safer, work from home voted as the last measure provided by the organisations

New Delhi, March 18, 2020: 45% of Indian professionals are worried about losing foreign-based job opportunities as an aftermath of the COVID-19 pandemic, reveals a new survey conducted by TimesJobs. From the employment perspective, ‘job security’ is the biggest working of professionals at present, revealed the survey.

As the Coronavirus outbreak spreads, companies across the globe have begun painting the bleak picture of a global economic slowdown. A majority (90%) of the survey respondents too asserted that the Coronavirus outspread will cause an economic slowdown, both locally and globally.

The TimesJobs survey titled ‘Coronavirus and its impact on jobs’ recorded responses of 1,256 working professionals from different industry verticals. Around 63% of respondents affirmed that the COVID-19 outbreak had influenced their way of working and about 33% said that they had shelved their business travel plans due to the Coronavirus impact.

The survey findings indicate that the Indian workplaces are tackling the present situation as carefully as the global counterparts, as per 72% of professionals. Other key takeaways are:

IT sector will be worst hit by the spread of Coronavirus

Most respondents (27%) claimed that the IT sector will be worst hit by the spread of Coronavirus. After this, the Import/Export sector would be most hit, as stated by 23% of respondents. While, 13% of respondents said that the Healthcare sector, followed by the Aviation sector will be most impacted by the Coronavirus outbreak.

The survey respondents also said that the Coronavirus outbreak will impact professionals working specifically in Marketing and Sales, Operation and Production domains.

Jobs in MNCs will diminish due to COVID-19

A majority (67%) of the surveyed professionals stated that jobs at the Multi-National Companies (MNCs) will be most vulnerable during the Coronavirus time. Almost, 45% of professionals claimed that the spread of COVID-19 will have a negative impact on the hiring activities across different industry verticals.

Indian companies taking active measures to combat Coronavirus

TimesJobs survey asked the working professionals across different industry verticals on how their organisations are fighting the spread of Coronavirus.

Around 64% of the surveyed professionals said that their companies are taking active measures to fight Coronavirus pandemic. Measures such as putting up relevant advisory were voted as the top measure adopted by most organisations, as per 28% respondents. While, installation of sanitisers and cleansers at touch points was voted second, followed by increased cleanliness measures in organisations.
Surprisingly, work from home ranked last in the measures being implemented by the Indian organisations.

“The spread of the Novel Coronavirus has hit the businesses across the globe. In such difficult times, companies should focus on employee welfare. Organisations should be vigilant and take practical measures to ensure the safety of employees at the workplaces. I urge the organisations to introduce effective measures such as encourage the use of technology for interactions, sensitise workplaces about COVID-19 and ensure a safe work environment for those coming to office,” said Sanjay Goyal, Business Head, TimesJobs and TechGig.

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About TimesJobs: TimesJobs is a platform to help competent professionals enhance their career growth. With over 25 million registered jobseekers across the board and more than 60 million page views every month, it is the most preferred career portal among ambitious and talented professionals who want to make smarter career decisions that accelerate their career progression.