The Coronavirus outbreak has brought tragedy in many forms. Firstly, it has brought human tragedy to hundreds and thousands of people worldwide. And now it has made its mark on the global economy.
In this month’s blog, we aim to provide employers and business leaders with advice following the latest news of the fast-paced outbreak which has put the country in temporary lockdown.
The Strains of the Coronavirus
For the last 3 months, Coronavirus has hit the headlines. At the beginning of January, cases of pneumonia became common in Wuhan, China. It was soon dubbed Covid-19, and on the 11th of March, the World Health Organisation (WHO) declared an international pandemic.
In recent days, the country has been forced to declare a national lockdown to help reduce the spread of the virus, following in the footsteps of the rest of the world. Employers and their staff have been thrown into the unknown. One strain is the crash in the global stock market, which is causing fears of the destruction of economic growth. Companies such as Bank of England have already slashed their interest rates to make borrowing cheaper in order to encourage spending which will then boost the economy.
How to Keep Your Employees Safe
The government have set a list of measures to guide you and your employees in these difficult times. As an employer, it is difficult to know whether or not you are making the right decisions. In order to keep your employees safe, please take a look at the government website for guidance.