Coronavirus May Kill Thousands Of Small Businesses
  • Recomerz
  • April 07, 2020
  • 676

Coronavirus May Kill Thousands Of Small Businesses

How Can Jobs Be Created For Those In Need?

According to the Guardian, the young and low earners suffer the most from the Coronavirus outbreak. The world thought the impact of the 2008 financial crisis would be the defining economic event of our lifetime. However, it turns out job losses are spreading way faster than the virus. Unemployment never grew so rapidly before. Almost one million claims have been made for universal credit by the end of March 2020 in the UK.

In most countries, government policy is to shut down employment-heavy sectors such as hospitality, tourism and unnecessary services. It’s almost automatic that we see by far the fastest downturn in the service sector output on record.

So what steps a recently unemployed can take?

The answer to this question is straightforward: find a job online and work remotely. Here are a few options for those affected by the coronavirus:

Find a freelance Jobs

Freelance jobs are tasks that are assigned to freelancers. This sort of job can be beneficial to both parties, the individuals and the small businesses. Being a freelancer is a flexible way to earn additional income. Small businesses can resort to freelancers during this period when they can’t afford to hire a full-time worker. A service of a freelancer is more affordable than employing full-time workers. As they are paid per hour; small businesses get to save more while still up and running.

Get a contract

Contract employment is another option that could temporarily address the needs of small businesses. Contract workers are hired for a specific job under laid down rules for a fixed period of time, usually 3 to 12 months. Small businesses can adapt to work from home arrangements through contract jobs.
Already, some experts have forecasted that there will be over 3 million job seekers in the United States alone by the summer. That makes a higher percentage of unemployment citizens. Small businesses looking for ways to thrive in this crawling economy can do so by providing job opportunities to people in need especially those slightly hit by the coronavirus.

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