Companies will expect fewer people to do more for less from now on

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Companies will expect fewer people to do more for less from now on

Image: iStock.

Scores of small businesses could close in the near future due to the country implementing one of the longest and harshest lockdowns in the world, experts say.

An unemployment “bloodbath” is looming as it is inevitable that millions of South Africans will be laid off as the job supply and demand in the country is altered during the lockdown and as companies let people go – and then don’t hire replacements as they realise they can do nearly the same with less people. The lockdown has caused a slump in the economy with thousands applying to the Unemployment Insurance Fund (UIF) to claim an income due to being permanently or temporarily laid off. According to the Career Junction Index (CJI), which gives an analysis on supply and...



 


 

 

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