In reference to Strategic Stress Management; An Organisation Approach by Valerie Sutherland and Cary L. Cooper, 2000. Discuss Strategic stress management during COVID 19 epidemic.
As the coronavirus pandemic rapidly sweeps across the world, it is inducing a considerable degree of fear, worry and concern in the population at large and among certain groups in particular, such as older adults, care providers and people with underlying health conditions. The studies in Uganda indicate that small and medium businesses have experienced the largest effects of the risk associated with COVID-19 compared to large scale businesses. The decline in small and medium businesses is due to inability to cope containment measures instituted by government. Specifically, nine out of ten businesses report experiencing an increase in operating expenses due to preventive measures instituted by government to curb the spread of the virus. Agriculture enterprises have been worst hit due to challenges of accessing inputs arising from transport restrictions and the ban on weekly markets. In addition, prices of agricultural outputs have declined due to lost demand and the shift from consumption of fresh agricultural produce to dry rations. With respect to the future outlook, the major concerns highlighted by businesses in the event that the COVID-19 situation persists for more than six months relate to reduced product demand and potential inability to meet costs of operations. In particular, majority of micro and small businesses indicate that they would exit business in 1 to 3 months in the event the current situation persist. On the other hand, majority of the medium and large firms do not foresee closure. Furthermore, there is a slightly higher resilience among agriculture and manufacturing firms compared to service sector firms. Finally, the report projects that in the event that COVID-19 persists for the next six month, about 3.8 million workers would lose their jobs temporarily while 0.6 million would lose their employment permanently. Over 75 percent of employees projected to lose their jobs permanently are from the service sector and mainly from Kampala. (Source: EPRC, 2020)
Employers and employees are experiencing some sort of stress. Managing stress is all about taking charge: taking charge of your thoughts, your emotions, your schedule, your environment, and the way you deal with problems. In reference to Strategic Stress Management; An Organisation Approach by Valerie Sutherland and Cary L. Cooper, 2000. Discuss Strategic stress management during COVID 19 epidemic.
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