Effect of Covid-19 on Retail Industry and its employee

Covid19 has taken hundreds of lives and jobs worldwide, and it’s not over yet. Everyone is affected by the deadly virus somehow and out of all retail industry is affected the most.
People have opted for online shopping over offline shopping, and retail giants such as Walmart, Costco, Home depot remain closed or lost the daily footfalls.

Effect on Retail Giants

This is a tremendous loss for retail companies as well as their employees. Each departmental store requires enormous investment, and they cannot afford it if this store remains closed or don’t get enough traffic.

In many cases, employees did not get paid during the lockdown, and now all stores are open, but these stores are working with fewer employees, resulting in lost jobs.

Effect of Covid-19 on Retail Industry and its employee

Positive changes in Covid19

If we look on the brighter side, then all these companies have started managing their employees online. It is easier for them to distribute the task and very useful to limit the spread of corona.

For example, Walmart Inc gives employment to more than 2 million people. It is one of the world’s biggest employers, and the company is managing its entire staff through one single portal, and they call it one.walmart.com. Associates of Walmart can access their schedule, paystub, and other details from one single portal.

This is one of the best ways to keep employees informed about their duty. Plus employees can check their leaves, schedule, and payment details from the comfort of their home, without sacrificing their security against Covid19.

Just like Walmart one, Costco, and home depot are also running their employee portal for its staff. Not only are these retail giants but small companies again using online portals to manage their employees.

To conclude this post, all we can say is we are severely affected by the deadly virus, but there is a brighter side to look for. We have learned a lot from this virus, and it will remain with us for a long time.

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