The Impact of COVID on Employment

1 The Impact of COVID on Employment Introduction 

The COVID-19 pandemic affected the livelihood of over 78% of people globally (Fana et al., 2020).

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Unfortunately, the economic impact of COVID-19, particularly employment, has not been extensively investigated.

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The pandemic is a modern catastrophe that has increased the risk of poverty across societies.

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2 Aim 

Today, I will reveal how COVID-19 has disrupted the workplace, led to the loss of thousands of jobs, and contributed to a 13% decline in employment (Tušl et al., 2021).

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My experience with this topic is that I have previously investigated how social, health, and political factors affect the economy and people’s livelihoods.

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This speech is relevant to the audience since the COVID-19 pandemic affected everyone in different ways.

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By the end of this speech, the audience will appreciate the need to create robust structures to cushion organizations and people from economic catastrophes.

Preview Statement:  Part i) COVID-19 has contributed to job losses 

The COVID-19 pandemic has impacted the modern workplace tremendously.

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It has led to the loss of jobs and a drop in employment opportunities (Al-Fadly, 2020).

 Part ii) COVID-19 has led to mental health problems among employees 

Further, COVID-19 has contributed to mental health problems like anxiety and employee stress (Tušl et al., 2021).

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Many employees are anxious about job loss due to the changing economic dynamics of their organizations.

 Part iii) Health official has proposed strict social rules to curb COVID-19 

Additionally, the COVID-19 pandemic has affected the private life of employees.

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Employees have to adhere to strict social rules that hinder economic progress.

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The social rules impede employee interpersonal interactions (Fana et al., 2020).

Conclusion 

The COVID-19 pandemic negatively affected the economic structures of the economy, including employment.

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It has increased mental health challenges such as depression among employees.

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Also, it disrupted employment frameworks, leading to the loss of jobs and a drop in new employment.

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New social regulations have impacted interpersonal interactions among employees at the workplace.

4 References Al-Fadly, A. (2020). Impact of COVID-19 on SMEs and employment. Entrepreneurship and Sustainability Issues, 8(2), 629. https://doi.org/10.1007/s40812-020-00168-5 Fana, M., Torrejón Pérez, S., & Fernández-Macías, E. (2020). Employment impact of COVID-19 crisis: from short-term effects to long-term prospects. Journal of Industrial and Business Economics, 47, 391-410. http://DOI:10.9770/jesi.2020.8.2(38) Tušl, M., Brauchli, R., Kerksieck, P., & Bauer, G. F. (2021). Impact of the COVID-19 crisis on work and private life, mental well-being and self-rated health in German and Swiss employees: A cross-sectional online survey. BMC Public Health, 21, 1-15. https://doi.org/10.1186/s12889-021-10788-8