In the New Era, after Covid-19 - The Need to Evaluate Employment JobLoss Risk has Become Critical. 2020/04/26 16:03

In the New Era, after Covid-19 - The Need to Evaluate Employment  JobLoss Risk has Become Critical.  2020/04/26 16:03 

I am trying to understand how the preaching of savings is expected to work for employees and the employing company is exempted...who will bring companies to account for not saving?

Why is it that a month of lockdown, will lead to 80% cut down on the workforce? For a company that appear to be very busy up until there was a lockdown.

What are the key index for employees to know the financial health of the organization; how does an employee know that the company can not survive a month of zero income and when such challenge is not from financial mismanagement. 

We can not continue to run business as usual for a variety of reasons. 

Nigeria will be experiencing two economic meltdowns within a five years period and a lot of life's and businesses fell victims.

It is high time we had in place access to critical   financial indexes for effective decision making, about individuals and  companies, where anyone can go to find out basic information about the countries performance and that of organizations within.

All the requirement can be automated for artificial intelligence management and administration.

Such is easy now with BVN. A software can analyze someone's or companies financials across 10years bases on certain keywords, inflow and outflows, savings, spending, investments and ROI. If I have a consistent savings culture, it will be tracked easily.

The evaluation reports must be such that any layman can understand like; 

Commitment to stationeries over five years relative to the highest for a year might indicate a progression or otherwise 

Commitment to reoccurring expenditure on the scale of 1-10

Commitment to investments on the scale of 1-10

Commitment to assets for work improvements on the scale of 1-10

Commitment to Paying back on Savings on the scale of 1-10

Commitment to Training of staff every 2 years for capacity readiness on account of % of no of staff trained to staff in employment on the scale of 1-10

Commitment to Employment growth every 5years on the scale of 1-10

Is there a website?

How often is it updated?

Is there an address?

Is the office space compatible for the intended business?

We can actually have hundreds of the parameters for measurement in a central database that a country will commit to updating daily for individuals,  prospective clients and investors to go to research a company or even individual of interest.

As indicated earlier and for emphasis, all the requirements can be automated for artificial intelligence management and administration.

The benefit of this AI management system is humongous as it will facilitate decision making for employees, prospective clients and investors.

Different things lead to job losses but this is just looking at financial health of the organization and their quality of financial management.

A good company may run into trouble waters and their good policies and prudence in financial management and administration will see them through the storm.

However, we must also be able to track such that got their from mismanagement and poor policy formation and implementation to prevent diligent workers from getting into a mess they did not create.

Different things lead to job losses but this is just looking at financial health of the organization and their quality of financial management.

A good company may run into trouble waters and their good policies and prudence in financial management and administration will see them through the storm.

However, we must also be able to track such that got their from mismanagement and poor policy formation and implementation to prevent diligent workers from getting into a mess they did not create.

I think it is unfair for staff to take a loan just because an organization has such a facility available when he is not sure the same is financially viable to weather economic challenges for a year after. If my Employment job loss for a year is not below 4 out of 10: if the chances that I will lose my job to economic challenges in a 12months from the point of taking a loan is 0.4 and above from financial information available, that will help most people make a safer decision until such risk highlighted is cleared.

 2020/04/26 16:03 This is my reservation, for we have only not generated income for one month and many companies are already crying wolf...how about when we are in this state for 5months.

My thoughts are that there must be more to the story that the obvious now and there must be a way to track that and not claim bankruptcy on account of covid-19 alone and retrenchment on covid-19 alone.

It is when we address the real issue of various small corporations of which a major one is an enabling environment; 24hour affordable electricity, housing, transportation,  food, water and good(not perfect) road network. Those are some of the basis for very high recurring expenses and serious challenge to savings at least for prudent corporations.

What is very clear: WE MUST DO THINGS DIFFERENTLY MOVING FORWARD: MORE EFFICIENTLY

The floor is now open for comments and contributions....