THE IMPACT OF COVID-19 ON THE LABOR MARKET OUTCOMES


The economic crisis faced by many countries in the midst of the COVID-19 pandemic is already having significant impacts on the results of the labor market. The impending recession will lead to job losses, reduced incomes and increased poverty. However, direct impacts can lead to other short- and medium-term effects that can be just as painful in the long-term. For example, job losses affect future earnings due to disruptions, lost productivity, lack of training associated with long periods of unemployment, and missed opportunities to develop human capital at work.

 

Changes are already perceived in this new era of the job market, such as the consolidation of home office. In the pandemic, jobs and occupations most susceptible to teleworking are the ones that are better off. In most cases it is people with digital experience, hence the importance of investing in digital technology as equipping people with digital skills has become a critical necessity. According to scholars in the field, skilled workers are better able to deal with imbalances caused by events such as economic crises because they can adapt to the changing needs of employers and new technologies. In addition, skilled workers are better able to seek information about employment opportunities from family, friends, advertisements, former employers and the employment agency.

 

A recent study conducted by the International Labor Organization (ILO) warns of the impact of the COVID-19 pandemic on the working lives of young people. In view of this, the search for learning, which is already an important factor in the job market, will be crucial and will define much of the changes to come. Specialists point to growth in the areas of technology, communication and health. It is also believed that there will be an increase in the search for courses involving these areas, as education and continuous learning will always be necessary for a candidate to increase their level of employability.

 

In addition to academic training and technical training, the pandemic has brought to the job market the appreciation of skills personal skills, that is, behavioral skills that bring greater resilience to the employee in the face of abrupt changes in the work routine. In this context of changes, it is worth betting on the growth of distance learning (EAD), helping in the training of professionals and companies.

 

TATICCA – ALLINIAL GLOBAL is an accredited trainer at the CRC and has more than 60 courses with scores in the Continuing Education Program of the CFC, allowing, in addition to practical accounting learning, the achievement of the score required by the program.

To learn more, visit our page: https://www.taticca.com.br/pt-br/cursos

 

EGet in touch with TATICCA – ALLINIAL GLOBAL, which provides integrated services for auditing, accounting, taxes, corporate financefinancial advisorrisk advisory, technology, business consulting and training. For more information, access www.taticca.com.br or e-mail taticca@taticca.com.br. Our company has professionals with extensive experience in the market and has certified methodologies for carrying out activities.

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