Losing one’s job has repercussions far greater than merely the loss of income. It can also trigger several psychological disorders, beginning with a complete loss in self- esteem. Employment also enables human beings to have a purpose in life. Thus further helps in the establishment of proper routines. There is now a greater uncertainty in the labour market than has been for decades. The talent recruitment pipeline seems to have dried up. This is further leading to tremendous economic costs for individuals as well as their families. Studies have also identified that mothers and fathers tend to view unemployment through different prisms. Governments and employers across the scale need to rethink this entire situation. Perhaps something representing the Universal Basic Income could be the solution right now.

Source:https://hbr.org/2020/04/when-losing-your-job-feels-like-losing-your-self?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_not_activesubs&referral=00563&deliveryName=DM77426

Uploaded Date:28 April 2020