Across the globe, the spread of the coronavirus is having a significant humanitarian impact and increasingly, an economic impact from stock markets, global supply chains, business continuity and employment. As governments move rapidly to contain the spread of the virus, employers are also working to address how to manage employees while continuing business operations.
At an unprecedented pace, government authorities are reviewing their responses and enacting changes to provide relief to affected employers. Below, we have summarised key developments adopted in response to the coronavirus pandemic that impact employers and individual in Japan.
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Human resources leaders play a critical role in ensuring businesses execute their global growth strategy. COVID-19 outbreak presents a range of unique and complex challenges to businesses – sustaining business operations while ensuring the safety and wellbeing of employees. While further measures are announced, employers can review their eligibility and the financial impact it has to support business continuity. With proactive engagement with the business, human capital professionals can help navigate uncertain paths ahead – understanding complexities, identifying risks, managing costs, enabling employees to continue working and ensuring business continues.
If you would like to discuss the full implications of these changes, please contact Tosh Kamii, Grant Thornton Japan.
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