Coronavirus Hit Global Economy: What India Can Learn From 26 Countries Around The World That Are Helping Employees, Employers
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The worst economic disaster in decades has seen governments in Europe, North and South America, Asia and Africa roll out special schemes to shore up employers’ capacity to pay salaries to their staff.
As India waits for the next stimulus package, here’s a look at how other countries have opened their fiscal purse strings.
The worst economic disaster in decades has seen governments in Europe, North and South America, Asia and Africa roll out special schemes to shore up employers’ capacity to pay salaries to their staff..
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Starting Monday for next 3 months all employers can get 80% govt funding for workers’ salaries of up to £2,500 a month.
Starting Monday for next 3 months all employers can get 80% govt funding for workers’ salaries of up to £2,500 a month.
Income support for families of $1,200 for each adult and $500 for children, and $250 billion to boost unemployment insurance.
Income support for families of $1,200 for each adult and $500 for children, and $250 billion to boost unemployment insurance.
Affected workers will receive full salary during lockdown. Bar on outright dismissals. Plus allowance for temporary workers and household employees.
Affected workers will receive full salary during lockdown. Bar on outright dismissals. Plus allowance for temporary workers and household employees.
€5 billion top up on wage supplementation scheme for those furloughed employees. Plus one-off payments to various other categories of workers.
€5 billion top up on wage supplementation scheme for those furloughed employees. Plus one-off payments to various other categories of workers.
Employees receive an allowance of approx 84% of their net salary, 100% for minimum-wage workers.
Employees receive an allowance of approx 84% of their net salary, 100% for minimum-wage workers.
Temporary living allowance for migrant workers; and some benefits for jobless.
Temporary living allowance for migrant workers; and some benefits for jobless.
Central government relief checks to households in the bottom 70% income bracket (around 14 million households), of up to $820 per household.
Central government relief checks to households in the bottom 70% income bracket (around 14 million households), of up to $820 per household.
Payment of 50% of the net minimum wage for three months for employees in large private sector companies and for employees who are currently not working.
Payment of 50% of the net minimum wage for three months for employees in large private sector companies and for employees who are currently not working.
Government will cover 60% of salaries of Saudi staff in companies under stress for the next three months.
Government will cover 60% of salaries of Saudi staff in companies under stress for the next three months.
Business News › Magazines › Panache › $27 bn direct support, 100% wage subsidy & 'not laying off workers' rule: Lessons from world can help companies, employees in times of CovidText Size:AAA
